Live Energy Minerals (XCNQ:LIVE) Total Assets : C$1.56 Mil (As of Jan. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Live Energy Minerals Total Assets?

Live Energy Minerals's Total Assets for the quarter that ended in Jan. 2024 was C$1.56 Mil.

Total Assets is connected with ROA %. Live Energy Minerals's annualized ROA % for the quarter that ended in Jan. 2024 was -9.90%. Total Assets is also linked to Revenue through Asset Turnover. Live Energy Minerals's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Live Energy Minerals Total Assets Historical Data

The historical data trend for Live Energy 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.

* Premium members only.

Live Energy Minerals Total Assets Chart

Live Energy Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Total Assets

0.70

1.52

1.60

Live Energy Minerals Quarterly Data
	Apr21	Jul21	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial						-	1.43	1.43	1.60	1.56

Live Energy 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.

Live Energy 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 )
	=	1.542	+	0.053
	=	1.60

Live Energy 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 )
	=	1.503	+	0.055
	=	1.56

Live Energy Minerals (XCNQ:LIVE) Total Assets Explanation

Total Assets is connected with ROA %.

Live Energy 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 )
	=	-0.156	/	( (1.595	+	1.558)	/ 2 )
	=	-0.156	/	1.5765
	=	-9.90 %

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.

Live Energy 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	/	( (1.595	+	1.558)	/ 2 )
=	0	/	1.5765
=	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.

Live Energy Minerals Total Assets Related Terms

Thank you for viewing the detailed overview of Live Energy Minerals's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Live Energy Minerals (XCNQ:LIVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Live Energy Minerals Corp (XCNQ:LIVE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GTREF:USA

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.liveenergyminerals.com

Live Energy Minerals Corp is an exploration of resource properties. It holds interests in the Skygold Project located in the Cariboo Placer Region in British Columbia and also has the McDermitt Lithium Property. The company has one business segment the exploration of resource properties, in two geographic locations Canada and the United States.