Ocean Thermal Energy (Ocean Thermal Energy) Total Assets

: $0.12 Mil (As of Dec. 2023)

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Ocean Thermal Energy's Total Assets for the quarter that ended in Dec. 2023 was $0.12 Mil.

During the past 3 years, the average Total Assets Growth Rate was -20.60% per year. During the past 5 years, the average Total Assets Growth Rate was 9.60% per year.

During the past 13 years, Ocean Thermal Energy's highest 3-Year average Total Assets Growth Rate was 141.00%. The lowest was -77.80%. And the median was -37.00%.

Total Assets is connected with ROA %. Ocean Thermal Energy's annualized ROA % for the quarter that ended in Dec. 2023 was 1,388,652.63%. Total Assets is also linked to Revenue through Asset Turnover. Ocean Thermal Energy's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Ocean Thermal Energy Total Assets Historical Data

The historical data trend for Ocean Thermal 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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Ocean Thermal Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

0.04

0.02

0.01

0.12

Ocean Thermal Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets																0.01	0.01	0.06	0.07	0.12

Ocean Thermal 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.

Ocean Thermal 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 )
	=	-43.502	+	43.622
	=	0.12

Ocean Thermal Energy'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 )
	=	-43.502	+	43.622
	=	0.12

Ocean Thermal Energy (OTCPK:CPWR) Total Assets Explanation

Total Assets is connected with ROA %.

Ocean Thermal Energy'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 )
	=	1319.22	/	( (0.07	+	0.12)	/ 2 )
	=	1319.22	/	0.095
	=	1,388,652.63 %

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.

Ocean Thermal Energy'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	/	( (0.07	+	0.12)	/ 2 )
=	0	/	0.095
=	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.

Ocean Thermal Energy Total Assets Related Terms

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Ocean Thermal Energy (Ocean Thermal Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ocean Thermal Energy Corp (OTCPK:CPWR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3675 Market Street, Suite 200, Philadelphia, PA, USA, 19104

Website

http://www.otecorporation.com

Ocean Thermal Energy Corp is engaged in the business of developing deep-water hydrothermal technologies to provide renewable energy and drinking water. OTE's Ocean Thermal Energy Conversion (OTEC) and Sea Water Air Conditioning (SWAC) technologies, Lake Source Cooling are designed to take advantage of the difference between cold deep water and warmer surface water to produce hydrothermal energy without requiring fossil fuels. The company is also in the business of facilitating the development of sustainable living communities by creating ecologically sustainable ecovillages powered by fossil-fuel-free electricity, buildings cooled by energy-efficient and chemical-free systems. Ecovillages are communities whose goal is to become more socially, economically, and ecologically sustainable.

Executives

Peter H Wolfson	director	342 N FARM DRIVE, LITITZ PA 17543
Antoinette R. Hempstead	director	7611 S. SCENIC MAPLE DR., WEST JORDAN UT 84081
Jeremy Feakins	director, 10 percent owner, officer: CEO and CFO	800 SOUTH QUEENS ST., LANCASTER PA 17603
Jpf Venture Group, Inc.	10 percent owner	800 SOUTH QUEENS STREET, LANCASTER PA 17603