PLLTL (Piedmont Lithium) Total Assets : $329.23 Mil (As of Sep. 2024)

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What is Piedmont Lithium Total Assets?

Piedmont Lithium's Total Assets for the quarter that ended in Sep. 2024 was $329.23 Mil.

During the past 12 months, Piedmont Lithium's average Total Assets Growth Rate was -14.40% per year. During the past 3 years, the average Total Assets Growth Rate was 227.50% per year. During the past 5 years, the average Total Assets Growth Rate was 256.10% per year. During the past 10 years, the average Total Assets Growth Rate was 143.80% per year.

During the past 13 years, Piedmont Lithium's highest 3-Year average Total Assets Growth Rate was 912.00%. The lowest was -91.10%. And the median was -1.85%.

Total Assets is connected with ROA %. Piedmont Lithium's annualized ROA % for the quarter that ended in Sep. 2024 was -19.96%. Total Assets is also linked to Revenue through Asset Turnover. Piedmont Lithium's Asset Turnover for the quarter that ended in Sep. 2024 was 0.08.

Piedmont Lithium Total Assets Historical Data

The historical data trend for Piedmont 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.

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Piedmont Lithium Total Assets Chart

Piedmont Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

Total Assets

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6.78

27.65

187.85

287.92

381.26

Piedmont Lithium Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															397.35	381.26	335.20	339.64	329.23

Piedmont 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.

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

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	332.33	+	48.925
	=	381.26

Piedmont Lithium's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	286.206	+	43.021
	=	329.23

Piedmont Lithium (OTCPK:PLLTL) Total Assets Explanation

Total Assets is connected with ROA %.

Piedmont Lithium's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-66.748	/	( (339.64	+	329.227)	/ 2 )
	=	-66.748	/	334.4335
	=	-19.96 %

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

Piedmont Lithium's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	27.663	/	( (339.64	+	329.227)	/ 2 )
=	27.663	/	334.4335
=	0.08

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.

Piedmont Lithium Total Assets Related Terms

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Piedmont Lithium Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PLL:USA 6S3:Germany 6S3:Germany 6S3A:Germany 6S3A:Germany PLL:Australia

Address

42 E Catawba Street, Belmont, NC, USA, 28012

Website

https://www.piedmontlithium.com

Piedmont Lithium Inc, is a U.S. based, development-stage, multi-asset, integrated lithium business in support of a clean energy economy and U.S. and world-wide energy security. Its portfolio of wholly-owned projects includes Carolina Lithium, a proposed fully integrated spodumene ore-to-lithium hydroxide project in Gaston County, North Carolina, and Tennessee Lithium, a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee.