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ABCO Energy (ABCO Energy) Total Assets : $1.13 Mil (As of Dec. 2022)


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What is ABCO Energy Total Assets?

ABCO Energy's Total Assets for the quarter that ended in Dec. 2022 was $1.13 Mil.

Total Assets is connected with ROA %. ABCO Energy's annualized ROA % for the quarter that ended in Dec. 2022 was 25.92%. Total Assets is also linked to Revenue through Asset Turnover. ABCO Energy's Asset Turnover for the quarter that ended in Dec. 2022 was 0.62.


ABCO Energy Total Assets Historical Data

The historical data trend for ABCO Energy'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.

ABCO Energy Total Assets Chart

ABCO Energy Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.74 0.81 0.75 1.13

ABCO Energy Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 0.75 0.76 1.36 1.10 1.13

ABCO Energy 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.

ABCO Energy's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=-1.656+2.783
=1.13

ABCO Energy's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (Q: Dec. 2022 )+Total Liabilities (Q: Dec. 2022 )
=-1.656+2.783
=1.13

* 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.


ABCO Energy  (OTCPK:ABCE) Total Assets Explanation

Total Assets is connected with ROA %.

ABCO Energy's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %=Net Income (Q: Dec. 2022 )/( (Total Assets (Q: Sep. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=0.288/( (1.095+1.127)/ 2 )
=0.288/1.111
=25.92 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) 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.

ABCO Energy's Asset Turnover for the quarter that ended in Dec. 2022 is

Asset Turnover
=Revenue (Q: Dec. 2022 )/( (Total Assets (Q: Sep. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=0.694/( (1.095+1.127)/ 2 )
=0.694/1.111
=0.62

* 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.

ABCO Energy Total Assets Related Terms

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ABCO Energy (ABCO Energy) Business Description

Traded in Other Exchanges
N/A
Address
2505 N. Alvernon Way, Tucson, AZ, USA, 85712
ABCO Energy Inc is engaged in is in the Photo Voltaic (PV) solar systems industry, the LED and energy-efficient commercial lighting business and is an electrical product and services supplier. It sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by its crews and are purchased from both USA and offshore manufacturers. It has available and utilizes many suppliers of US-manufactured solar products from such companies as Mia Soleil, Canadian Solar, Westinghouse Solar and various Italian, Korean, German and Chinese suppliers. It offers solar leasing and long-term financing programs that are offered to ABCO customers and other marketing and installation organizations.
Executives
Charles Kristofer O'dowd director, officer: President & CEO 6610 E. GHOST FLOWER, TUCSON AZ 85750
Wayne Marx director, officer: Secretary 7700 KNIGHTHOOD LANE, WILLIAMS AZ 86046