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Lotus Technology (Lotus Technology) Total Assets : $1,584.7 Mil (As of Dec. 2023)


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What is Lotus Technology Total Assets?

Lotus Technology's Total Assets for the quarter that ended in Dec. 2023 was $1,584.7 Mil.

During the past 12 months, Lotus Technology's average Total Assets Growth Rate was 83.50% per year.

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

Lotus Technology Total Assets Historical Data

The historical data trend for Lotus Technology'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.

Lotus Technology Total Assets Chart

Lotus Technology Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
1,317.31 1,371.95 1,584.68

Lotus Technology Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets 1,317.31 - 1,371.95 1,595.17 1,584.68

Lotus Technology 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.

Lotus Technology's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=-1210.702+2795.38
=1,584.7

Lotus Technology'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 )
=-1210.702+2795.38
=1,584.7

* 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.

Lotus Technology  (NAS:LOT) Total Assets Explanation

Total Assets is connected with ROA %.

Lotus Technology'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 )
=0/( (1595.166+1584.678)/ 2 )
=0/1589.922
=0.00 %

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.

Lotus Technology'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/( (1595.166+1584.678)/ 2 )
=0/1589.922
=0.00

* 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.

Lotus Technology Total Assets Related Terms

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Lotus Technology (Lotus Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lotus Technology Inc (NAS:LOT) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
5EP:Germany
Address
No. 800 Century Avenue, Pudong District, Shanghai, CHN, 200120
Website
https://www.group-lotus.com
Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand.

Lotus Technology (Lotus Technology) Headlines

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