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ULTXF (Ultra Lithium) Total Assets : $7.09 Mil (As of Oct. 2024)


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What is Ultra Lithium Total Assets?

Ultra Lithium's Total Assets for the quarter that ended in Oct. 2024 was $7.09 Mil.

During the past 12 months, Ultra Lithium's average Total Assets Growth Rate was -28.70% per year. During the past 3 years, the average Total Assets Growth Rate was 52.10% per year. During the past 5 years, the average Total Assets Growth Rate was 52.30% per year. During the past 10 years, the average Total Assets Growth Rate was 19.00% per year.

During the past 13 years, Ultra Lithium's highest 3-Year average Total Assets Growth Rate was 194.00%. The lowest was -34.50%. And the median was 37.15%.

Total Assets is connected with ROA %. Ultra Lithium's annualized ROA % for the quarter that ended in Oct. 2024 was -133.04%. Total Assets is also linked to Revenue through Asset Turnover. Ultra Lithium's Asset Turnover for the quarter that ended in Oct. 2024 was 0.00.

Ultra Lithium Total Assets Historical Data

The historical data trend for Ultra 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.

Ultra Lithium Total Assets Chart

Ultra Lithium Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.80 2.55 13.45 10.01 7.09

Ultra Lithium Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 10.01 9.94 9.78 9.75 7.09

Ultra 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.

Ultra Lithium's Total Assets for the fiscal year that ended in Oct. 2024 is calculated as

Total Assets=Total Equity (A: Oct. 2024 )+Total Liabilities (A: Oct. 2024 )
=4.712+2.379
=7.09

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

Total Assets=Total Equity (Q: Oct. 2024 )+Total Liabilities (Q: Oct. 2024 )
=4.712+2.379
=7.09

* 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.

Ultra Lithium  (OTCPK:ULTXF) Total Assets Explanation

Total Assets is connected with ROA %.

Ultra Lithium's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %=Net Income (Q: Oct. 2024 )/( (Total Assets (Q: Jul. 2024 )+Total Assets (Q: Oct. 2024 ))/ count )
=-11.2/( (9.746+7.091)/ 2 )
=-11.2/8.4185
=-133.04 %

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

Ultra Lithium's Asset Turnover for the quarter that ended in Oct. 2024 is

Asset Turnover
=Revenue (Q: Oct. 2024 )/( (Total Assets (Q: Jul. 2024 )+Total Assets (Q: Oct. 2024 ))/ count )
=0/( (9.746+7.091)/ 2 )
=0/8.4185
=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.

Ultra Lithium Total Assets Related Terms

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Ultra Lithium Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ultra Lithium Inc (OTCPK:ULTXF) » Definitions » Total Assets
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Traded in Other Exchanges
QFB:Germany ULT:Canada
Address
1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2
Website
https://www.ultralithium.com
Ultra Lithium Inc is engaged in the acquisition, exploration, and evaluation of assets. The properties in which the company currently has an interest are in the exploration stage. The geographical segments of the group are Canada, the United States, and Argentina. Some of its properties are Georgia Lake, Forgan Lake, Antofagasta, and La Rioja, La Borita, Antigua, Cordoba, and Others.