Enlight Renewable Energy's Total Assets for the quarter that ended in Mar. 2024 was ₪16,955 Mil.
Warning Sign:
If a company builds assets at 43.1% a year, faster than its revenue growth rate of 36.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Enlight Renewable Energy's average Total Assets Growth Rate was 27.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 35.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 43.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 34.70% per year.
During the past 13 years, Enlight Renewable Energy's highest 3-Year average Total Assets Growth Rate was 104.70%. The lowest was 14.10%. And the median was 44.75%.
* 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.
Enlight Renewable Energy'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.
Enlight Renewable Energy (XTAE:ENLT) Total Assets Explanation
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.
Enlight Renewable Energy's Asset Turnover for the quarter that ended in Mar. 2024 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.
Enlight Renewable Energy Total Assets Related Terms
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Enlight Renewable Energy (XTAE:ENLT) Business Description
Enlight Renewable Energy Ltd is a green energy company. It specializes in initiating, developing, financing, constructing, managing, and operating electricity production projects involved in generating electricity from renewable energy sources. It also provides installation services. The company's segments are Photovoltaic Israel, Israel wind, Eastern Europe wind, Eastern Europe Photovoltaic, Western Europe wind energy, and Management and construction. The company generates the majority of its revenue from its Photovoltaic business in Israel and Eastern Europe.
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