eFleets (eFleets) Total Assets : $0.67 Mil (As of Jun. 2014)

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What is eFleets Total Assets?

eFleets's Total Assets for the quarter that ended in Jun. 2014 was $0.67 Mil.

Total Assets is connected with ROA %. eFleets's annualized ROA % for the quarter that ended in Jun. 2014 was -1,272.20%. Total Assets is also linked to Revenue through Asset Turnover. eFleets's Asset Turnover for the quarter that ended in Jun. 2014 was 0.54.

eFleets Total Assets Historical Data

The historical data trend for eFleets'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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eFleets Total Assets Chart

eFleets Annual Data

Trend

May09

May10

May11

May12

Dec13

Total Assets

0.28

eFleets Quarterly Data
	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	Jun13	Sep13	Dec13	Mar14	Jun14
Total Assets	Get a 7-Day Free Trial															0.69	0.43	0.28	0.30	0.67

eFleets 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.

eFleets's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (A: Dec. 2013 )	+	Total Liabilities (A: Dec. 2013 )
	=	-5.674	+	5.951
	=	0.28

eFleets's Total Assets for the quarter that ended in Jun. 2014 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2014 )	+	Total Liabilities (Q: Jun. 2014 )
	=	-6.812	+	7.478
	=	0.67

eFleets (GREY:EFLT) Total Assets Explanation

Total Assets is connected with ROA %.

eFleets's annualized ROA % for the quarter that ended in Jun. 2014 is

ROA %	=	Net Income (Q: Jun. 2014 )	/	( (Total Assets (Q: Mar. 2014 )	+	Total Assets (Q: Jun. 2014 ))	/ count )
	=	-6.132	/	( (0.297	+	0.667)	/ 2 )
	=	-6.132	/	0.482
	=	-1,272.20 %

Note: The Net Income data used here is four times the quarterly (Jun. 2014) 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.

eFleets's Asset Turnover for the quarter that ended in Jun. 2014 is

	Asset Turnover
=	Revenue (Q: Jun. 2014 )	/	( (Total Assets (Q: Mar. 2014 )	+	Total Assets (Q: Jun. 2014 ))	/ count )
=	0.26	/	( (0.297	+	0.667)	/ 2 )
=	0.26	/	0.482
=	0.54

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.

eFleets Total Assets Related Terms

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eFleets (eFleets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » eFleets Corp (GREY:EFLT) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

7660 Pebble Drive, Fort Worth, TX, USA, 76118

Website

eFleets Corp is focused on the design, development and manufacturing of an all-electric fleet vehicle for the essential services market. The company's all-electric vehicles are designed for use in traffic control/parking enforcement, security, small package delivery, military, maintenance, airport services, warehouses, and other comparable utility application. Its electric vehicles offer a zero-emission, high performance, low-maintenance and affordable alternative to specifically meet the needs of fleet vehicles in the essential services market. The company is focused on developing technology for its battery management and integrated drive system, which maximizes energy efficiency to satisfy the needs of its customers.

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