Life Electric Vehicles Holdings (Life Electric Vehicles Holdings) Total Assets : $3.80 Mil (As of Aug. 2023)

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What is Life Electric Vehicles Holdings Total Assets?

Life Electric Vehicles Holdings's Total Assets for the quarter that ended in Aug. 2023 was $3.80 Mil.

Warning Sign:

If a company builds assets at 43.2% a year, faster than its revenue growth rate of 4.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Life Electric Vehicles Holdings's average Total Assets Growth Rate was -18.00% per year. During the past 3 years, the average Total Assets Growth Rate was 14.70% per year. During the past 5 years, the average Total Assets Growth Rate was 43.20% per year. During the past 10 years, the average Total Assets Growth Rate was -13.30% per year.

During the past 13 years, Life Electric Vehicles Holdings's highest 3-Year average Total Assets Growth Rate was 109.40%. The lowest was -60.20%. And the median was -17.85%.

Total Assets is connected with ROA %. Life Electric Vehicles Holdings's annualized ROA % for the quarter that ended in Aug. 2023 was -48.19%. Total Assets is also linked to Revenue through Asset Turnover. Life Electric Vehicles Holdings's Asset Turnover for the quarter that ended in Aug. 2023 was 0.09.

Life Electric Vehicles Holdings Total Assets Historical Data

The historical data trend for Life Electric Vehicles Holdings'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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Life Electric Vehicles Holdings Total Assets Chart

Life Electric Vehicles Holdings Annual Data

Trend

Nov98

Nov99

Nov00

Nov01

Nov02

Nov03

Nov04

Nov05

Nov06

Nov07

Total Assets

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6.64

5.98

8.42

8.85

5.62

Life Electric Vehicles Holdings Quarterly Data
	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Aug22	Aug23
Total Assets	Get a 7-Day Free Trial															4.79	4.31	4.01	-	3.80

Life Electric Vehicles Holdings 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.

Life Electric Vehicles Holdings's Total Assets for the fiscal year that ended in Nov. 2007 is calculated as

Total Assets	=	Total Equity (A: Nov. 2007 )	+	Total Liabilities (A: Nov. 2007 )
	=	1.941	+	3.682
	=	5.62

Life Electric Vehicles Holdings's Total Assets for the quarter that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2023 )	+	Total Liabilities (Q: Aug. 2023 )
	=	2.094	+	1.709
	=	3.80

Life Electric Vehicles Holdings (OTCPK:LFEV) Total Assets Explanation

Total Assets is connected with ROA %.

Life Electric Vehicles Holdings's annualized ROA % for the quarter that ended in Aug. 2023 is

ROA %	=	Net Income (Q: Aug. 2023 )	/	( (Total Assets (Q: Aug. 2022 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
	=	-1.832	/	( (0	+	3.802)	/ 1 )
	=	-1.832	/	3.802
	=	-48.19 %

Note: The Net Income data used here is four times the quarterly (Aug. 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.

Life Electric Vehicles Holdings's Asset Turnover for the quarter that ended in Aug. 2023 is

	Asset Turnover
=	Revenue (Q: Aug. 2023 )	/	( (Total Assets (Q: Aug. 2022 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
=	0.357	/	( (0	+	3.802)	/ 1 )
=	0.357	/	3.802
=	0.09

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.

Life Electric Vehicles Holdings Total Assets Related Terms

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Life Electric Vehicles Holdings (Life Electric Vehicles Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Life Electric Vehicles Holdings Inc (OTCPK:LFEV) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

460 Hillsboro Technology Drive, Deerfield Beach, FL, USA, 33441

Website

https://www.lifeelectricvehicles.com

Life Electric Vehicles Holdings Inc is a developer, manufacturer, and distributor in the light electric vehicle industry. The business model includes the launching, acquisition, and consolidation of multiple brands of e-bikes, e-trikes, e-scooters, and light EV companies to become an industry leader in the American micro-mobility market.

Life Electric Vehicles Holdings (Life Electric Vehicles Holdings) Headlines

From GuruFocus

IBN Coverage Initiated for Life Electric Vehicles Holdings Inc.

By Marketwired • 04-18-2024