AYRO (AYRO) Total Assets : $35.93 Mil (As of Sep. 2024)

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What is AYRO Total Assets?

AYRO's Total Assets for the quarter that ended in Sep. 2024 was $35.93 Mil.

During the past 12 months, AYRO's average Total Assets Growth Rate was -22.00% per year. During the past 3 years, the average Total Assets Growth Rate was 53.00% per year.

During the past 5 years, AYRO's highest 3-Year average Total Assets Growth Rate was 53.00%. The lowest was 41.40%. And the median was 47.20%.

Total Assets is connected with ROA %. AYRO's annualized ROA % for the quarter that ended in Sep. 2024 was 5.45%. Total Assets is also linked to Revenue through Asset Turnover. AYRO's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

AYRO Total Assets Historical Data

The historical data trend for AYRO'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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AYRO Total Assets Chart

AYRO Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

2.78

41.96

78.13

54.99

52.86

AYRO Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															59.80	52.86	47.87	45.00	35.93

AYRO 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.

AYRO'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 )
	=	25.332	+	27.532
	=	52.86

AYRO's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	21.943	+	13.982
	=	35.93

AYRO (NAS:AYRO) Total Assets Explanation

Total Assets is connected with ROA %.

AYRO's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	2.204	/	( (44.997	+	35.926)	/ 2 )
	=	2.204	/	40.4615
	=	5.45 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

AYRO's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0.005	/	( (44.997	+	35.926)	/ 2 )
=	0.005	/	40.4615
=	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.

AYRO Total Assets Related Terms

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AYRO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AYRO Inc (NAS:AYRO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 East Old Settlers Boulevard, Suite 100, Round Rock, TX, USA, 78664

Website

https://www.ayro.com

AYRO Inc design and manufacture compact, sustainable electric vehicles for closed campus mobility, low-speed urban and community transport, local on-demand and last-mile delivery, and government use. It operates as one reportable segment, which is the design, development, manufacturing, and sales of electric vehicles, and operates in the United States.

Executives

Joshua Silverman	director	IROQUOIS CAPITAL MANAGEMENT LLC, 205 EAST 42ND ST - 20TH FL., NEW YORK NY 10017
Zvi Joseph	director	C/O DROPCAR, INC., 1412 BROADWAY, SUITE 2105, NEW YORK NY 10018
Gregory T Schiffman	director	1030 NW JOHNSON ST, UNIT 608, PORTLAND OR 97209
Sebastian Giordano	director	ONE EAST UWCHLAN AVENUE, SUITE 301, EXTON PA 19341
George Devlin	director	COMPAQ COMPUTER CORP, P O BOX 692000 MC: 110701, HOUSTON TX 77269
Wayne Remell Walker	director	1515 MARKET STREET, SUITE 1720, PHILADELPHIA PA 19103
Thomas Michael Wittenschlaeger	officer: Chief Executive Officer	RAPTOR NETWORKS TECHNOLOGY, 65 ENTERPRISE RD., ALISO VIEJO CA 92656
David E. Hollingsworth	officer: Interim CFO	319 FLAT ROCK DR., HUTTO TX 78634
Keller Rodney C. Jr.	director, officer: Chief Executive Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Richard Perley	officer: Chief Marketing Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Curtis Ellis Smith	officer: Chief Financial Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Brian Ray Groh	officer: Chief of Business Development	825 WEST DRUMFRIES ROAD N., PARIS A6 N3L 3E2
Mark Adams	director, 10 percent owner	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Victoria C Pasquale	officer: Chief Human Resources Officer	C/O DROPCAR, INC., 1412 BROADWAY, SUITE 2105, NEW YORK NY 1008
Capital Anstalt Alpha	10 percent owner	LETTSTRASSE 32, FL-9490, VADUZ N2 00000