Lightning eMotors (FRA:9LK) Total Assets : €52.19 Mil (As of Sep. 2023)

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What is Lightning eMotors Total Assets?

Lightning eMotors's Total Assets for the quarter that ended in Sep. 2023 was €52.19 Mil.

During the past 12 months, Lightning eMotors's average Total Assets Growth Rate was -35.90% per year. During the past 3 years, the average Total Assets Growth Rate was 117.70% per year.

During the past 4 years, Lightning eMotors's highest 3-Year average Total Assets Growth Rate was 117.70%. The lowest was 117.70%. And the median was 117.70%.

Total Assets is connected with ROA %. Lightning eMotors's annualized ROA % for the quarter that ended in Sep. 2023 was -251.39%. Total Assets is also linked to Revenue through Asset Turnover. Lightning eMotors's Asset Turnover for the quarter that ended in Sep. 2023 was 0.15.

Lightning eMotors Total Assets Historical Data

The historical data trend for Lightning eMotors'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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Lightning eMotors Total Assets Chart

Lightning eMotors Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Total Assets

8.80

20.44

188.87

135.52

Lightning eMotors Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial										175.04	135.52	114.71	98.91	52.19

Lightning eMotors 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.

Lightning eMotors'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 )
	=	51.503	+	84.017
	=	135.52

Lightning eMotors's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	-23.055	+	75.241
	=	52.19

Lightning eMotors (FRA:9LK) Total Assets Explanation

Total Assets is connected with ROA %.

Lightning eMotors's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-189.92	/	( (98.908	+	52.186)	/ 2 )
	=	-189.92	/	75.547
	=	-251.39 %

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.

Lightning eMotors's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	11.587	/	( (98.908	+	52.186)	/ 2 )
=	11.587	/	75.547
=	0.15

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.

Lightning eMotors Total Assets Related Terms

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Lightning eMotors (FRA:9LK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lightning eMotors Inc (FRA:9LK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ZEVY:USA

Address

815 14th Street South West, Suite A100, Loveland, CO, USA, 80537

Website

https://www.lightningemotors.com

Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.

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