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Bitech Technologies's Total Assets for the quarter that ended in Dec. 2023 was $0.16 Mil.
During the past 12 months, Bitech Technologies's average Total Assets Growth Rate was -15.40% per year. During the past 3 years, the average Total Assets Growth Rate was -64.40% per year. During the past 5 years, the average Total Assets Growth Rate was -71.30% per year. During the past 10 years, the average Total Assets Growth Rate was -50.90% per year.
During the past 13 years, Bitech Technologies's highest 3-Year average Total Assets Growth Rate was 453.20%. The lowest was -78.10%. And the median was -12.00%.
Total Assets is connected with ROA %. Bitech Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was -743.10%. Total Assets is also linked to Revenue through Asset Turnover. Bitech Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.
The historical data trend for Bitech Technologies'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.
Bitech Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 1.16 | 0.29 | 1.01 | 0.21 | 0.16 |
Bitech Technologies 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 | 0.21 | 0.07 | 0.16 | 0.08 | 0.16 |
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.
Bitech Technologies'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 ) |
= | 0.128 | + | 0.035 | |
= | 0.16 |
Bitech Technologies'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 ) |
= | 0.128 | + | 0.035 | |
= | 0.16 |
* 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.
Bitech Technologies (OTCPK:BTTC) Total Assets Explanation
Total Assets is connected with ROA %.
Bitech Technologies'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 ) |
= | -0.888 | / | ( (0.076 | + | 0.163) | / 2 ) | |
= | -0.888 | / | 0.1195 | ||||
= | -743.10 % |
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.
Bitech Technologies'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 | / | ( (0.076 | + | 0.163) | / 2 ) |
= | 0 | / | 0.1195 | |||
= | 0.00 |
* 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.
Thank you for viewing the detailed overview of Bitech Technologies's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory Daniel Trimarche | director | 535 ANTON BLVD,, SUITE 1000, COSTA MESA CA 92626 |
Benjamin B Tran | director, 10 percent owner, officer: Chief Executive Officer | 49 MONTEREY PINE DR., NEWPORT COAST CA 92657 |
Michael Hanh Cao | director, 10 percent owner | 7208 WEST SAND LAKE RD,, SUITE 305, ORLANDO FL 32819 |
Calvin Cao | 10 percent owner | 2203 N LOIS AVENUE 9TH FL, TAMPA FL 33607 |
Robert J Brilon | officer: Chief Financial Officer | 1201 S. ALMA SCHOOL ROAD, SUITE 8500, MESA AZ 85210 |
William Donovan | director, 10 percent owner, officer: CEO | 903 CREEKWOOD WAY, HOUSTON TX 77024 |
Jeffrey A Cronk | director | 5225 KATY FREEWAY, SUITE 600, HOUSTON TX 77007 |
Lpd Investments, Ltd | 10 percent owner | 25025 I45 NORTH, THE WOODLANDS TX 77380 |
Peter L Dalrymple | director, 10 percent owner | 13451 BELHAVEN DRIVE, HOUSTON TX 77069 |
John R Bergeron | director | 7411 SONGWIND, SPING TX 77379 |
William A Lawrence | director | 6 RILLWOOD PLACE, THE WOODLANDS TX 77382 |
Eric K Groteke | officer: CTO | 2495 ENTERPRISE ROAD, SUITE 104, CLEARWATER FL 33763 |
Jerry W. Bratton | director | P.O. BOX 541716, DALLAS TX 75354 |
Franklin Arthur Rose | director | 1121-16 UPTOWN PARK BLVD, HOUSTON TX 77056 |
John A. Talamas | other: Former COO | 54 HILLOCK WOODS DRIVE, THE WOODLANDS TX 77380 |
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