GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Frontier Lithium Inc (OTCPK:LITOF) » Definitions » Total Assets

Frontier Lithium (Frontier Lithium) Total Assets : $18.20 Mil (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Frontier Lithium Total Assets?

Frontier Lithium's Total Assets for the quarter that ended in Dec. 2023 was $18.20 Mil.

During the past 12 months, Frontier Lithium's average Total Assets Growth Rate was 24.10% per year. During the past 3 years, the average Total Assets Growth Rate was 113.60% per year. During the past 5 years, the average Total Assets Growth Rate was -3.90% per year. During the past 10 years, the average Total Assets Growth Rate was 5.50% per year.

During the past 13 years, Frontier Lithium's highest 3-Year average Total Assets Growth Rate was 113.60%. The lowest was -48.10%. And the median was 20.60%.

Total Assets is connected with ROA %. Frontier Lithium's annualized ROA % for the quarter that ended in Dec. 2023 was -70.47%. Total Assets is also linked to Revenue through Asset Turnover. Frontier Lithium's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Frontier Lithium Total Assets Historical Data

The historical data trend for Frontier Lithium'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.

* Premium members only.

Frontier Lithium Total Assets Chart

Frontier Lithium Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.92 1.12 9.21 19.45 25.72

Frontier Lithium Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.50 25.72 23.77 20.15 18.20

Frontier Lithium 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.

Frontier Lithium's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets=Total Equity (A: Mar. 2023 )+Total Liabilities (A: Mar. 2023 )
=24.293+1.43
=25.72

Frontier Lithium'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 )
=15.401+2.794
=18.20

* 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.

Frontier Lithium  (OTCPK:LITOF) Total Assets Explanation

Total Assets is connected with ROA %.

Frontier Lithium's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-13.512/( (20.151+18.195)/ 2 )
=-13.512/19.173
=-70.47 %

Note: The Net Income data used here is four times the quarterly (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.

Frontier Lithium's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (20.151+18.195)/ 2 )
=0/19.173
=0.00

* 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.

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.

Frontier Lithium Total Assets Related Terms

Thank you for viewing the detailed overview of Frontier Lithium's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Frontier Lithium (Frontier Lithium) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Frontier Lithium Inc (OTCPK:LITOF) » Definitions » Total Assets
Comparable Companies
TSX:FVL TSX:AII TSX:LGO TSXV:FWZ TSXV:ALDE TSX:MNO TSX:TLO TSXV:EMO TSXV:LIFT TSXV:CRE ASX:BHP ASX:RIO LSE:RIO LSE:GLEN ASX:FMG BSP:VALE3 SAU:1211 GMEXICOB LSE:AAL BOM:500188
Traded in Other Exchanges
HL2:Germany FL:Canada
Address
2736 Belisle Drive, Val Caron, ON, CAN, P3N 1B3
Website
https://www.frontierlithium.com
Frontier Lithium Inc is engaged in the acquisition, exploration, and development of mining properties. The company has a land position on Electric Avenue, Ontario's newly emerging premium lithium-metal district hosted in the Canadian Shield of northwestern Ontario. The company project includes PAK Lithium Project, Spark Deposit, Bolt Pegmatite, and Pennock Pegmatite.