Lucky Minerals (Lucky Minerals) Total Assets : $0.04 Mil (As of Jan. 2024)

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What is Lucky Minerals Total Assets?

Lucky Minerals's Total Assets for the quarter that ended in Jan. 2024 was $0.04 Mil.

During the past 12 months, Lucky Minerals's average Total Assets Growth Rate was -99.20% per year. During the past 3 years, the average Total Assets Growth Rate was -41.10% per year. During the past 5 years, the average Total Assets Growth Rate was 17.20% per year. During the past 10 years, the average Total Assets Growth Rate was 46.90% per year.

During the past 13 years, Lucky Minerals's highest 3-Year average Total Assets Growth Rate was 109.30%. The lowest was -41.10%. And the median was 39.60%.

Total Assets is connected with ROA %. Lucky Minerals's annualized ROA % for the quarter that ended in Jan. 2024 was -283.84%. Total Assets is also linked to Revenue through Asset Turnover. Lucky Minerals's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Lucky Minerals Total Assets Historical Data

The historical data trend for Lucky Minerals'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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Lucky Minerals Total Assets Chart

Lucky Minerals Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Oct20

Oct21

Oct22

Oct23

Total Assets

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1.83

4.03

6.62

5.79

0.78

Lucky Minerals Quarterly Data
	Dec18	Mar19	Jun19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															5.58	5.09	1.61	0.78	0.04

Lucky Minerals 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.

Lucky Minerals's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	-2.007	+	2.788
	=	0.78

Lucky Minerals's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	-2.342	+	2.385
	=	0.04

Lucky Minerals (OTCPK:LKMNF) Total Assets Explanation

Total Assets is connected with ROA %.

Lucky Minerals's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-1.168	/	( (0.781	+	0.042)	/ 2 )
	=	-1.168	/	0.4115
	=	-283.84 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) 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.

Lucky Minerals's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (0.781	+	0.042)	/ 2 )
=	0	/	0.4115
=	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.

Lucky Minerals Total Assets Related Terms

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Lucky Minerals (Lucky Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lucky Minerals Inc (OTCPK:LKMNF) » Definitions » Total Assets

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Address

789 West Pender Street, Suite 1010, Vancouver, BC, CAN, V6C 1H2

Website

https://www.luckyminerals.com

Lucky Minerals Inc is engaged in the business of acquiring and exploring large-scale mineral systems in some districts. It owns an interest in the Fortuna Project in Ecuador that is a royalty-free exploration property and has the potential for the discovery of epithermal gold and copper, moly, gold porphyry type mineralization, as others found in the Andean Cordillera.