Laurion Mineral Exploration (TSXV:LME) Total Assets : C$9.36 Mil (As of Dec. 2023)

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What is Laurion Mineral Exploration Total Assets?

Laurion Mineral Exploration's Total Assets for the quarter that ended in Dec. 2023 was C$9.36 Mil.

During the past 12 months, Laurion Mineral Exploration's average Total Assets Growth Rate was 64.40% per year. During the past 3 years, the average Total Assets Growth Rate was 28.50% per year. During the past 5 years, the average Total Assets Growth Rate was 50.20% per year. During the past 10 years, the average Total Assets Growth Rate was 58.10% per year.

During the past 13 years, Laurion Mineral Exploration's highest 3-Year average Total Assets Growth Rate was 665.60%. The lowest was -88.90%. And the median was 5.60%.

Total Assets is connected with ROA %. Laurion Mineral Exploration's annualized ROA % for the quarter that ended in Dec. 2023 was -74.05%. Total Assets is also linked to Revenue through Asset Turnover. Laurion Mineral Exploration's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Laurion Mineral Exploration Total Assets Historical Data

The historical data trend for Laurion Mineral Exploration'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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Laurion Mineral Exploration Total Assets Chart

Laurion Mineral Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2.07

2.89

9.92

9.21

9.36

Laurion Mineral Exploration 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															9.21	8.99	8.61	8.16	9.36

Laurion Mineral Exploration 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.

Laurion Mineral Exploration'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 )
	=	8.872	+	0.487
	=	9.36

Laurion Mineral Exploration'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 )
	=	8.872	+	0.487
	=	9.36

Laurion Mineral Exploration (TSXV:LME) Total Assets Explanation

Total Assets is connected with ROA %.

Laurion Mineral Exploration'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 )
	=	-6.488	/	( (8.164	+	9.359)	/ 2 )
	=	-6.488	/	8.7615
	=	-74.05 %

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.

Laurion Mineral Exploration'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	/	( (8.164	+	9.359)	/ 2 )
=	0	/	8.7615
=	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.

Laurion Mineral Exploration Total Assets Related Terms

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Laurion Mineral Exploration (TSXV:LME) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Laurion Mineral Exploration Inc (TSXV:LME) » Definitions » Total Assets

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LMEFF:USA

Address

40 King Street West, Suite 5800, Scotia Plaza, Toronto, ON, CAN, M5H 3S1

Website

http://www.laurion.ca

Laurion Mineral Exploration Inc is a Canadian based exploration company. It is engaged in the acquisition, exploration and development of mineral resource properties. The company has key interests in prospective mining properties of the Ishkoday gold project and the Midlothian and Doon property.

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