Ecofin US Renewables Infrastructure Trust (LSE:RNEW) Total Assets : $118.45 Mil (As of Dec. 2023)

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What is Ecofin US Renewables Infrastructure Trust Total Assets?

Ecofin US Renewables Infrastructure Trust's Total Assets for the quarter that ended in Dec. 2023 was $118.45 Mil.

During the past 12 months, Ecofin US Renewables Infrastructure Trust's average Total Assets Growth Rate was -8.30% per year.

Total Assets is connected with ROA %. Ecofin US Renewables Infrastructure Trust's annualized ROA % for the quarter that ended in Dec. 2023 was -11.65%. Total Assets is also linked to Revenue through Asset Turnover. Ecofin US Renewables Infrastructure Trust's Asset Turnover for the quarter that ended in Dec. 2023 was -0.05.

Ecofin US Renewables Infrastructure Trust Total Assets Historical Data

The historical data trend for Ecofin US Renewables Infrastructure Trust'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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Ecofin US Renewables Infrastructure Trust Total Assets Chart

Ecofin US Renewables Infrastructure Trust Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

124.25

130.78

118.45

Ecofin US Renewables Infrastructure Trust Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Total Assets	134.87	130.78	127.22	118.45

Ecofin US Renewables Infrastructure Trust 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.

Ecofin US Renewables Infrastructure Trust'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 )
	=	117.659	+	0.795
	=	118.45

Ecofin US Renewables Infrastructure Trust'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 )
	=	117.659	+	0.795
	=	118.45

Ecofin US Renewables Infrastructure Trust (LSE:RNEW) Total Assets Explanation

Total Assets is connected with ROA %.

Ecofin US Renewables Infrastructure Trust'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 )
	=	-14.314	/	( (127.222	+	118.454)	/ 2 )
	=	-14.314	/	122.838
	=	-11.65 %

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.

Ecofin US Renewables Infrastructure Trust'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 )
=	-6.48	/	( (127.222	+	118.454)	/ 2 )
=	-6.48	/	122.838
=	-0.05

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.

Ecofin US Renewables Infrastructure Trust Total Assets Related Terms

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Ecofin US Renewables Infrastructure Trust (LSE:RNEW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ecofin US Renewables Infrastructure Trust PLC (LSE:RNEW) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

125 London Wall, 6th Floor, London, GBR, EC2Y 5AS

Website

https://www.ecofininvest.com

Ecofin US Renewables Infrastructure Trust PLC is a closed-ended investment company. Its investment objective is to provide its shareholders with an attractive level of current distributions by investing in a diversified portfolio of mixed renewable energy and sustainable infrastructure assets.