Lomiko Metals (LTS:0V4O) Total Assets : C$13.96 Mil (As of Jan. 2024)

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What is Lomiko Metals Total Assets?

Lomiko Metals's Total Assets for the quarter that ended in Jan. 2024 was C$13.96 Mil.

During the past 12 months, Lomiko Metals's average Total Assets Growth Rate was 11.50% per year. During the past 3 years, the average Total Assets Growth Rate was 47.20% per year. During the past 5 years, the average Total Assets Growth Rate was 32.20% per year. During the past 10 years, the average Total Assets Growth Rate was 16.30% per year.

During the past 13 years, Lomiko Metals's highest 3-Year average Total Assets Growth Rate was 212.40%. The lowest was -72.30%. And the median was 25.15%.

Total Assets is connected with ROA %. Lomiko Metals's annualized ROA % for the quarter that ended in Jan. 2024 was -12.68%. Total Assets is also linked to Revenue through Asset Turnover. Lomiko Metals's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Lomiko Metals Total Assets Historical Data

The historical data trend for Lomiko Metals'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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Lomiko Metals Total Assets Chart

Lomiko Metals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Total Assets

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3.74

3.81

11.53

13.68

14.20

Lomiko Metals Quarterly Data
	Apr19	Jul19	Oct19	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															14.11	13.66	14.20	13.87	13.96

Lomiko Metals 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.

Lomiko Metals's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (A: Jul. 2023 )	+	Total Liabilities (A: Jul. 2023 )
	=	13.631	+	0.573
	=	14.20

Lomiko Metals'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 )
	=	13.457	+	0.499
	=	13.96

Lomiko Metals (LTS:0V4O) Total Assets Explanation

Total Assets is connected with ROA %.

Lomiko Metals'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 )
	=	-1.764	/	( (13.866	+	13.956)	/ 2 )
	=	-1.764	/	13.911
	=	-12.68 %

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.

Lomiko Metals'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	/	( (13.866	+	13.956)	/ 2 )
=	0	/	13.911
=	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.

Lomiko Metals Total Assets Related Terms

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Lomiko Metals (LTS:0V4O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lomiko Metals Inc (LTS:0V4O) » Definitions » Total Assets

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LMRMF:USA DH8C:Germany LMR:Canada

Address

7184 120th Street, Unit 439, Surrey, BC, CAN, V3W 0M6

Website

https://www.lomiko.com

Lomiko Metals Inc is a company with the mission to manifest abundance of renewable energy with Canadian and Quebec critical minerals for a solution in North America. It is developing the La Loutre graphite deposit, located northwest of Montreal, and the Bourier lithium project, located in the James Bay region of Quebec in Canada's lithium triangle that has historically housed lithium deposits and mineralization trends. the company is also working on a graphite pipeline project.

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