Riot Platforms's Total Assets for the quarter that ended in Dec. 2023 was $2,051.1 Mil.
Warning Sign:
If a company builds assets at 190.9% a year, faster than its revenue growth rate of 41.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Riot Platforms's average Total Assets Growth Rate was 16.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 193.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 190.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 91.30% per year.
During the past 13 years, Riot Platforms's highest 3-Year average Total Assets Growth Rate was 332.80%. The lowest was -10.90%. And the median was 4.95%.
The historical data trend for Riot Platforms'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.
Riot Platforms'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.
Riot Platforms (NAS:RIOT) Total Assets Explanation
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.
Riot Platforms's Asset Turnover for the quarter that ended in Dec. 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.
Riot Platforms Total Assets Related Terms
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Riot Platforms (Riot Platforms) Business Description
Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable, and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value, or unit of account. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment.
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