Latin Resources Limited
Latin Resources Limited explores and develops mining projects in Australia, Peru, Argentina, and Brazil. The company primarily explores for lithium, copper, and gold deposits. Its flagship project is the Salinas Lithium project, which consists of approximately 38,000 hectares located in the district of Minas Gerais, Brazil. The company was incorporated in 2008 and is headquartered in West Leederv… Read more
Latin Resources Limited (LRSRF) - Total Assets
Latest total assets as of June 2024: $116.48 Million USD
Based on the latest financial reports, Latin Resources Limited (LRSRF) holds total assets worth $116.48 Million USD as of June 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Latin Resources Limited - Total Assets Trend (2010–2023)
This chart illustrates how Latin Resources Limited’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Latin Resources Limited - Asset Composition Analysis
Current Asset Composition (December 2023)
Latin Resources Limited's total assets of $116.48 Million consist of 43.4% current assets and 56.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 42.2% |
| Accounts Receivable | $702.66K | 0.6% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2010–2023)
This chart illustrates how Latin Resources Limited's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Latin Resources Limited's current assets represent 43.4% of total assets in 2023, a decrease from 92.0% in 2010.
- Cash Position: Cash and equivalents constituted 42.2% of total assets in 2023, down from 78.7% in 2010.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2010.
- Asset Diversification: The largest asset category is accounts receivable at 0.6% of total assets.
Latin Resources Limited Competitors by Total Assets
Key competitors of Latin Resources Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Galileo Resources Plc
LSE:GLR
|
UK | GBX14.28 Million |
|
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
SHE:000060
|
China | CN¥48.31 Billion |
|
Shengda Mining Co Ltd
SHE:000603
|
China | CN¥7.11 Billion |
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629
|
China | CN¥14.74 Billion |
|
China Tungsten and Hightech Materials Co Ltd
SHE:000657
|
China | CN¥20.78 Billion |
|
Guocheng Mining Co Ltd
SHE:000688
|
China | CN¥8.41 Billion |
|
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd
SHE:000758
|
China | CN¥23.09 Billion |
|
Huludao Zinc Industry Co Ltd
SHE:000751
|
China | CN¥10.04 Billion |
Latin Resources Limited - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Latin Resources Limited generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Latin Resources Limited is currently not profitable relative to its asset base.
Latin Resources Limited - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.76 | 5.66 | 0.25 |
| Quick Ratio | 1.76 | 5.66 | 0.25 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $9.71 Million | $ 39.59 Million | $ -2.69 Million |
Latin Resources Limited - Advanced Valuation Insights
This section examines the relationship between Latin Resources Limited's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 4.02 |
| Latest Market Cap to Assets Ratio | 2.30 |
| Asset Growth Rate (YoY) | 119.3% |
| Total Assets | $122.78 Million |
| Market Capitalization | $281.81 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Latin Resources Limited's assets at a significant premium ( 2.30x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Latin Resources Limited's assets grew by 119.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Latin Resources Limited (2010–2023)
The table below shows the annual total assets of Latin Resources Limited from 2010 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $122.78 Million | +119.32% |
| 2022-12-31 | $55.98 Million | +273.32% |
| 2021-12-31 | $14.99 Million | +12.48% |
| 2020-12-31 | $13.33 Million | +4.83% |
| 2019-12-31 | $12.72 Million | -0.82% |
| 2018-12-31 | $12.82 Million | +2.43% |
| 2017-12-31 | $12.52 Million | +11.86% |
| 2016-12-31 | $11.19 Million | -20.43% |
| 2015-12-31 | $14.07 Million | -51.54% |
| 2014-12-31 | $29.02 Million | +130.54% |
| 2011-12-31 | $12.59 Million | +198.85% |
| 2010-12-31 | $4.21 Million | -- |