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CJET (Chijet Motor Co) Total Assets : $500.31 Mil (As of Jun. 2024)


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What is Chijet Motor Co Total Assets?

Chijet Motor Co's Total Assets for the quarter that ended in Jun. 2024 was $500.31 Mil.

During the past 12 months, Chijet Motor Co's average Total Assets Growth Rate was -8.70% per year. During the past 3 years, the average Total Assets Growth Rate was -16.80% per year.

During the past 4 years, Chijet Motor Co's highest 3-Year average Total Assets Growth Rate was -16.80%. The lowest was -16.80%. And the median was -16.80%.

Total Assets is connected with ROA %. Chijet Motor Co's annualized ROA % for the quarter that ended in Jun. 2024 was -8.34%. Total Assets is also linked to Revenue through Asset Turnover. Chijet Motor Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.01.

Chijet Motor Co Total Assets Historical Data

The historical data trend for Chijet Motor Co'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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Chijet Motor Co Total Assets Chart

Chijet Motor Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
953.30 809.15 653.61 536.45

Chijet Motor Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial 724.84 653.61 565.07 536.45 500.31

Chijet Motor Co 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.

Chijet Motor Co'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 )
=-78.874+615.325
=536.45

Chijet Motor Co's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=-108.407+608.72
=500.31

* 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.

Chijet Motor Co  (NAS:CJET) Total Assets Explanation

Total Assets is connected with ROA %.

Chijet Motor Co's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-43.244/( (536.451+500.313)/ 2 )
=-43.244/518.382
=-8.34 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Chijet Motor Co's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=3.407/( (536.451+500.313)/ 2 )
=3.407/518.382
=0.01

* 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.

Chijet Motor Co Total Assets Related Terms

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Chijet Motor Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chijet Motor Co Inc (NAS:CJET) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CHN, 264006
Website
https://www.chijetmotors.com
Chijet Motor Co Inc is engaged in the research and development, production and sales of new energy vehicles. New energy vehicles refer to plug-in electric vehicles including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans.