Workhorse Group (HAM:1WO0) Total Assets : €97.90 Mil (As of Jun. 2024)

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What is Workhorse Group Total Assets?

Workhorse Group's Total Assets for the quarter that ended in Jun. 2024 was €97.90 Mil.

During the past 12 months, Workhorse Group's average Total Assets Growth Rate was -12.60% per year. During the past 3 years, the average Total Assets Growth Rate was -41.70% per year. During the past 5 years, the average Total Assets Growth Rate was 42.60% per year. During the past 10 years, the average Total Assets Growth Rate was 44.50% per year.

During the past 13 years, Workhorse Group's highest 3-Year average Total Assets Growth Rate was 261.10%. The lowest was -41.70%. And the median was 43.10%.

Total Assets is connected with ROA %. Workhorse Group's annualized ROA % for the quarter that ended in Jun. 2024 was -96.52%. Total Assets is also linked to Revenue through Asset Turnover. Workhorse Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.01.

Workhorse Group Total Assets Historical Data

The historical data trend for Workhorse Group'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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Workhorse Group Total Assets Chart

Workhorse Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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45.61

519.95

201.90

172.51

129.92

Workhorse Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															163.30	137.08	129.92	104.76	97.90

Workhorse Group 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.

Workhorse Group'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 )
	=	76.214	+	53.702
	=	129.92

Workhorse Group'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 )
	=	54.474	+	43.421
	=	97.90

Workhorse Group (HAM:1WO0) Total Assets Explanation

Total Assets is connected with ROA %.

Workhorse Group's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-97.804	/	( (104.76	+	97.895)	/ 2 )
	=	-97.804	/	101.3275
	=	-96.52 %

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

Workhorse Group's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0.782	/	( (104.76	+	97.895)	/ 2 )
=	0.782	/	101.3275
=	0.01

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.

Workhorse Group Total Assets Related Terms

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Workhorse Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Workhorse Group Inc (HAM:1WO0) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

WKHS:USA WKHS:Mexico 0A3U:UK 1WO0:Germany

Address

3600 Park 42 Drive, Suite 160E, Sharonville, OH, USA, 45241

Website

https://www.workhorse.com

Workhorse Group Inc is a technology company. It designs, develops, manufactures, and sells high-performance, medium-duty trucks with powertrain components under the Workhorse chassis brand. The company's products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100. E-GEN is an electric drive, transmission-free system, which has a gasoline/propane or compressed natural gas (CNG) engine that functions as an auxiliary generator. E-100, an all-electric, medium-duty truck, is an electric power train. The company generates key revenue from the Automotive Revenue which consists of sales of any of its E-GEN or E-100 platforms.

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