Array Technologies's Total Assets for the quarter that ended in Dec. 2023 was $1,707 Mil.
During the past 12 months, Array Technologies's average Total Assets Growth Rate was -7.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 38.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 28.70% per year.
During the past 6 years, Array Technologies's highest 3-Year average Total Assets Growth Rate was 38.60%. The lowest was 18.20%. And the median was 36.90%.
Total Assets is connected with ROA %. Array Technologies's annualizedROA % for the quarter that ended in Dec. 2023 was 5.30%. Total Assets is also linked to Revenue through Asset Turnover. Array Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.
Array Technologies Total Assets Historical Data
The historical data trend for Array Technologies'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.
Array Technologies's Total Assets for the fiscal year that ended in Dec. 2023 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.
Array Technologies (NAS:ARRY) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (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.
Array Technologies's Asset Turnover for the quarter that ended in Dec. 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.
Array Technologies Total Assets Related Terms
Thank you for viewing the detailed overview of Array Technologies's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Array Technologies (Array Technologies) Business Description
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ARRY has been successfully added to your 