FTC Solar's Total Assets for the quarter that ended in Dec. 2024 was $89.93 Mil.
During the past 12 months, FTC Solar's average Total Assets Growth Rate was -19.60% per year.
During the past 3 years, the average Total Assets Growth Rate was -17.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 24.70% per year.
During the past 6 years, FTC Solar's highest 3-Year average Total Assets Growth Rate was 50.10%. The lowest was -17.60%. And the median was 35.80%.
Total Assets is connected with ROA %. FTC Solar's annualizedROA % for the quarter that ended in Dec. 2024 was -53.89%. Total Assets is also linked to Revenue through Asset Turnover. FTC Solar's Asset Turnover for the quarter that ended in Dec. 2024 was 0.15.
FTC Solar Total Assets Historical Data
The historical data trend for FTC Solar'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.
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.
FTC Solar's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Dec. 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.
FTC Solar's Asset Turnover for the quarter that ended in Dec. 2024 is
* 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.
FTC Solar Total Assets Related Terms
Thank you for viewing the detailed overview of FTC Solar's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S. manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
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