LITM (Snow Lake Resources) Total Assets : $22.63 Mil (As of Dec. 2023)

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What is Snow Lake Resources Total Assets?

Snow Lake Resources's Total Assets for the quarter that ended in Dec. 2023 was $22.63 Mil.

During the past 12 months, Snow Lake Resources's average Total Assets Growth Rate was 17.60% per year. During the past 3 years, the average Total Assets Growth Rate was 61.40% per year. During the past 5 years, the average Total Assets Growth Rate was 46.10% per year.

During the past 6 years, Snow Lake Resources's highest 3-Year average Total Assets Growth Rate was 62.10%. The lowest was 38.30%. And the median was 61.40%.

Total Assets is connected with ROA %. Snow Lake Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -16.26%. Total Assets is also linked to Revenue through Asset Turnover. Snow Lake Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Snow Lake Resources Total Assets Historical Data

The historical data trend for Snow Lake Resources's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Snow Lake Resources Total Assets Chart

Snow Lake Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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4.10

5.02

28.98

19.89

21.83

Snow Lake Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial						28.98	22.91	19.89	22.63	21.83

Snow Lake Resources Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Snow Lake Resources's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	18.604	+	3.224
	=	21.83

Snow Lake Resources's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	18.128	+	4.499
	=	22.63

Snow Lake Resources (NAS:LITM) Total Assets Explanation

Total Assets is connected with ROA %.

Snow Lake Resources's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-3.456	/	( (19.885	+	22.627)	/ 2 )
	=	-3.456	/	21.256
	=	-16.26 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Snow Lake Resources's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (19.885	+	22.627)	/ 2 )
=	0	/	21.256
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Snow Lake Resources Total Assets Related Terms

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Snow Lake Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Snow Lake Resources Ltd (NAS:LITM) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1

Website

https://www.snowlakelithium.com

Snow Lake Resources Ltd is a Canadian clean energy exploration company with a world-wide portfolio of clean energy mineral projects comprised of two uranium projects and two hard rock lithium projects. Its Projects include: The Black Lake Uranium Project, the Engo Valley Uranium Project, The Shatford Lake Project, and the Snow Lake Lithium Project.