First Hydrogen (STU:FIT) Total Assets : €1.79 Mil (As of Dec. 2023)

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What is First Hydrogen Total Assets?

First Hydrogen's Total Assets for the quarter that ended in Dec. 2023 was €1.79 Mil.

During the past 12 months, First Hydrogen's average Total Assets Growth Rate was -14.50% per year. During the past 3 years, the average Total Assets Growth Rate was 148.00% per year.

During the past 5 years, First Hydrogen's highest 3-Year average Total Assets Growth Rate was 148.00%. The lowest was 126.00%. And the median was 137.00%.

Total Assets is connected with ROA %. First Hydrogen's annualized ROA % for the quarter that ended in Dec. 2023 was -370.55%. Total Assets is also linked to Revenue through Asset Turnover. First Hydrogen's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

First Hydrogen Total Assets Historical Data

The historical data trend for First Hydrogen'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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First Hydrogen Total Assets Chart

First Hydrogen Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

0.32

0.38

1.66

3.69

2.89

First Hydrogen Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															2.60	2.89	3.37	2.26	1.79

First Hydrogen 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.

First Hydrogen's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	0.743	+	2.151
	=	2.89

First Hydrogen'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 )
	=	-0.485	+	2.271
	=	1.79

First Hydrogen (STU:FIT) Total Assets Explanation

Total Assets is connected with ROA %.

First Hydrogen's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-7.5	/	( (2.263	+	1.785)	/ 2 )
	=	-7.5	/	2.024
	=	-370.55 %

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.

First Hydrogen's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (2.263	+	1.785)	/ 2 )
=	0	/	2.024
=	0.00

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.

First Hydrogen Total Assets Related Terms

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First Hydrogen (STU:FIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » First Hydrogen Corp (STU:FIT) » Definitions » Total Assets

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Traded in Other Exchanges

FHYDF:USA FHYD:Canada

Address

755 Burrard Street, Suite 440, Vancouver, BC, CAN, V6Z 1X6

Website

https://www.firsthydrogen.com

First Hydrogen Corp is a Vancouver Canada and London UK-based company focused on zero emission vehicles, green hydrogen production, and distribution and supercritical carbon dioxide extractor systems in in UK, EU, and North America.