Tidewater Renewables (FRA:7GZ) Total Assets : €734.9 Mil (As of Mar. 2024)

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What is Tidewater Renewables Total Assets?

Tidewater Renewables's Total Assets for the quarter that ended in Mar. 2024 was €734.9 Mil.

During the past 12 months, Tidewater Renewables's average Total Assets Growth Rate was 4.50% per year. During the past 3 years, the average Total Assets Growth Rate was 145.70% per year.

During the past 6 years, Tidewater Renewables's highest 3-Year average Total Assets Growth Rate was 145.70%. The lowest was 135.70%. And the median was 140.70%.

Total Assets is connected with ROA %. Tidewater Renewables's annualized ROA % for the quarter that ended in Mar. 2024 was 2.84%. Total Assets is also linked to Revenue through Asset Turnover. Tidewater Renewables's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

Tidewater Renewables Total Assets Historical Data

The historical data trend for Tidewater Renewables'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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Tidewater Renewables Total Assets Chart

Tidewater Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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51.25

47.04

505.41

690.24

742.77

Tidewater Renewables Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												699.16	717.57	726.79	742.77	734.94

Tidewater Renewables 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.

Tidewater Renewables'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 )
	=	350.729	+	392.043
	=	742.8

Tidewater Renewables's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	354.562	+	380.379
	=	734.9

Tidewater Renewables (FRA:7GZ) Total Assets Explanation

Total Assets is connected with ROA %.

Tidewater Renewables's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	20.988	/	( (742.771	+	734.941)	/ 2 )
	=	20.988	/	738.856
	=	2.84 %

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

Tidewater Renewables's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	75.606	/	( (742.771	+	734.941)	/ 2 )
=	75.606	/	738.856
=	0.10

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.

Tidewater Renewables Total Assets Related Terms

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Tidewater Renewables (FRA:7GZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tidewater Renewables Ltd (FRA:7GZ) » Definitions » Total Assets

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TDWRF:USA LCFS:Canada

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low-carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products. The renewable energy operating segment includes the following revenue categories: renewable fuels and renewable natural gas.

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