SP New Energy (PHS:SPNEC) Total Assets : ₱51,301.2 Mil (As of Mar. 2024)

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What is SP New Energy Total Assets?

SP New Energy's Total Assets for the quarter that ended in Mar. 2024 was ₱51,301.2 Mil.

During the past 12 months, SP New Energy's average Total Assets Growth Rate was 563.70% per year. During the past 3 years, the average Total Assets Growth Rate was 858.60% per year.

During the past 6 years, SP New Energy's highest 3-Year average Total Assets Growth Rate was 858.60%. The lowest was 10.30%. And the median was 434.45%.

Total Assets is connected with ROA %. SP New Energy's annualized ROA % for the quarter that ended in Mar. 2024 was 0.37%. Total Assets is also linked to Revenue through Asset Turnover. SP New Energy's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

SP New Energy Total Assets Historical Data

The historical data trend for SP New Energy'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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SP New Energy Total Assets Chart

SP New Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Jun22

Dec23

Total Assets

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42.41

46.73

66.48

51,182.81

SP New Energy Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial									6,203.72	6,172.62	22,664.44	51,182.81	51,301.23

SP New Energy 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.

SP New Energy'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 )
	=	42419.975	+	8762.839
	=	51,182.8

SP New Energy's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	42526.905	+	8774.328
	=	51,301.2

SP New Energy (PHS:SPNEC) Total Assets Explanation

Total Assets is connected with ROA %.

SP New Energy's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	190.008	/	( (51182.814	+	51301.233)	/ 2 )
	=	190.008	/	51242.0235
	=	0.37 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

SP New Energy's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	344.389	/	( (51182.814	+	51301.233)	/ 2 )
=	344.389	/	51242.0235
=	0.01

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.

SP New Energy Total Assets Related Terms

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SP New Energy (PHS:SPNEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SP New Energy Corp (PHS:SPNEC) » Definitions » Total Assets

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Address

112 Legaspi Street, Legaspi Village, Brgy. San Lorenzo, Makati, PHL, 1229

Website

https://www.spnec.ph

SP New Energy Corp is a renewable energy power generation company. The primary purpose is to construct, erect, assemble, commission, operate, and maintain power-generating plants, warehouses, terminals, and related facilities for the conversion of renewable energy into a usable form fit for electricity generation and distribution.

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