Enviva's Total Assets for the quarter that ended in Sep. 2023 was $2,894 Mil.
Warning Sign:
If a company builds assets at 30.8% a year, faster than its revenue growth rate of 3.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Enviva's average Total Assets Growth Rate was 14.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 37.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 30.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 23.00% per year.
During the past 11 years, Enviva's highest 3-Year average Total Assets Growth Rate was 37.20%. The lowest was 4.40%. And the median was 28.10%.
Total Assets is connected with ROA %. Enviva's annualizedROA % for the quarter that ended in Sep. 2023 was -12.51%. Total Assets is also linked to Revenue through Asset Turnover. Enviva's Asset Turnover for the quarter that ended in Sep. 2023 was 0.12.
Enviva Total Assets Historical Data
The historical data trend for Enviva'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.
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.
Enviva's Total Assets for the fiscal year that ended in Dec. 2022 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.
Note:
The Net Income data used here is four times the quarterly (Sep. 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.
Enviva's Asset Turnover for the quarter that ended in Sep. 2023 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.
Enviva Total Assets Related Terms
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Enviva Inc develop, construct, acquire, and own and operate, fully contracted wood pellet production plants where the company aggregate a natural resource, wood fiber, and process it into dry, densified, uniform pellets that can be effectively stored and transported around the world. The company sells term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, who use pellets to displace coal and other fossil fuels to generate power and heat as part of their efforts to accelerate the energy transition away from conventional energy sources. The company derive a majority of revenues from customers in Europe.
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