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ICON (Icon Energy) Total Assets : $30.55 Mil (As of Sep. 2024)


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What is Icon Energy Total Assets?

Icon Energy's Total Assets for the quarter that ended in Sep. 2024 was $30.55 Mil.

Total Assets is connected with ROA %. Icon Energy's annualized ROA % for the quarter that ended in Sep. 2024 was -8.12%. Total Assets is also linked to Revenue through Asset Turnover. Icon Energy's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.

Icon Energy Total Assets Historical Data

The historical data trend for Icon Energy'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.

* Premium members only.

Icon Energy Total Assets Chart

Icon Energy Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
14.57 14.60 12.88

Icon Energy Quarterly Data
Dec21 Dec22 Sep23 Dec23 Jun24 Sep24
Total Assets Get a 7-Day Free Trial 14.60 11.98 12.88 11.30 30.55

Icon Energy 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.

Icon Energy'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 )
=9.169+3.713
=12.88

Icon Energy's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=12.641+17.91
=30.55

* 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.

Icon Energy  (NAS:ICON) Total Assets Explanation

Total Assets is connected with ROA %.

Icon Energy's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-1.7/( (11.303+30.551)/ 2 )
=-1.7/20.927
=-8.12 %

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

Icon Energy's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0.863/( (11.303+30.551)/ 2 )
=0.863/20.927
=0.04

* 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.

Icon Energy Total Assets Related Terms

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Icon Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Icon Energy Corp (NAS:ICON) » Definitions » Total Assets
Comparable Companies
CISS OP HKSE:01919 BOM:532921 XTER:HLAG OCSE:MAERSK B SHSE:600018 TSE:9101 TPE:2603 PHS:ICT TSE:9104 XKRX:011200 SHSE:601018 ADX:ADNOCLS HKSE:00316 TSE:9107 HKSE:06198 TPE:2609 BOM:543994 XKLS:3816
Traded in Other Exchanges
N/A
Address
c/o Pavimar Shipping Co, 17th km National Road, Athens-Lamia & Foinikos Str, Nea Kifissia, Athens, GRC, 14564
Website
https://www.icon-nrg.com
Icon Energy Corp is a Growth-oriented company that operates as a holding company for the purpose of acquiring, owning, chartering and operating dry bulk vessels through its subsidiaries. The company generates its revenues by chartering the Initial Vessels to regional and international dry bulk operators, commodity traders and end users.