Arcadium Lithium's Total Assets for the quarter that ended in Sep. 2023 was $2,361.1 Mil.
Warning Sign:
If a company builds assets at 27.2% a year, faster than its revenue growth rate of 2.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Arcadium Lithium's average Total Assets Growth Rate was 25.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 30.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 27.20% per year.
During the past 7 years, Arcadium Lithium's highest 3-Year average Total Assets Growth Rate was 31.80%. The lowest was 19.80%. And the median was 27.00%.
The historical data trend for Arcadium 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.
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.
Arcadium Lithium's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Arcadium Lithium (NYSE:ALTM) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 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.
Arcadium Lithium's Asset Turnover for the quarter that ended in Sep. 2023 is
* 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.
Arcadium Lithium Total Assets Related Terms
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Arcadium Lithium (Arcadium Lithium) Business Description
Arcadium Lithium is a pure-play lithium producer that was formed in the Allkem-Livent merger in January 2024. Arcadium should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from two brine resources in Argentina. Arcadium also produces spodumene, a hard rock lithium upstream concentrate, from a mine in Australia and operates downstream lithium hydroxide conversion plants in the United States and China.
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