Infinity Lithium (ASX:INF) Total Assets : A$57.15 Mil (As of Dec. 2023)

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What is Infinity Lithium Total Assets?

Infinity Lithium's Total Assets for the quarter that ended in Dec. 2023 was A$57.15 Mil.

During the past 12 months, Infinity Lithium's average Total Assets Growth Rate was 282.50% per year. During the past 3 years, the average Total Assets Growth Rate was 70.70% per year. During the past 5 years, the average Total Assets Growth Rate was 93.80% per year. During the past 10 years, the average Total Assets Growth Rate was 44.20% per year.

During the past 12 years, Infinity Lithium's highest 3-Year average Total Assets Growth Rate was 211.40%. The lowest was -16.40%. And the median was 70.70%.

Total Assets is connected with ROA %. Infinity Lithium's annualized ROA % for the quarter that ended in Dec. 2023 was -11.62%. Total Assets is also linked to Revenue through Asset Turnover. Infinity Lithium's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Infinity Lithium Total Assets Historical Data

The historical data trend for Infinity 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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Infinity Lithium Total Assets Chart

Infinity Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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3.13

3.78

28.43

26.59

27.98

Infinity Lithium Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															28.82	26.59	28.54	27.98	57.15

Infinity 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.

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

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	27.482	+	0.499
	=	27.98

Infinity Lithium'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 )
	=	25.872	+	31.274
	=	57.15

Infinity Lithium (ASX:INF) Total Assets Explanation

Total Assets is connected with ROA %.

Infinity Lithium's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-4.946	/	( (27.981	+	57.146)	/ 2 )
	=	-4.946	/	42.5635
	=	-11.62 %

Note: The Net Income data used here is two times the semi-annual (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.

Infinity Lithium's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (27.981	+	57.146)	/ 2 )
=	0	/	42.5635
=	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.

Infinity Lithium Total Assets Related Terms

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Infinity Lithium (ASX:INF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinity Lithium Corp Ltd (ASX:INF) » Definitions » Total Assets

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3PM:Germany

Address

22 Railway Road, Units 32/33, Level 3, Subiaco, Perth, WA, AUS, 6008

Website

https://www.infinitylithium.com

Infinity Lithium Corp Ltd is a mineral development company. Its San Jose Lithium Project is located in the western Spanish region of Extremadura and is in proximity to the town of Caceres. The San Jose Project will be developed by open-pit methods with the ore treated and refined onsite to produce high-quality, battery-grade lithium carbonate.