MULN (Mullen Automotive) Total Assets : $192.33 Mil (As of Jun. 2024)

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What is Mullen Automotive Total Assets?

Mullen Automotive's Total Assets for the quarter that ended in Jun. 2024 was $192.33 Mil.

During the past 12 months, Mullen Automotive's average Total Assets Growth Rate was -45.40% per year. During the past 3 years, the average Total Assets Growth Rate was 129.80% per year.

During the past 5 years, Mullen Automotive's highest 3-Year average Total Assets Growth Rate was 129.80%. The lowest was 129.10%. And the median was 129.45%.

Total Assets is connected with ROA %. Mullen Automotive's annualized ROA % for the quarter that ended in Jun. 2024 was -171.95%. Total Assets is also linked to Revenue through Asset Turnover. Mullen Automotive's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Mullen Automotive Total Assets Historical Data

The historical data trend for Mullen Automotive'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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Mullen Automotive Total Assets Chart

Mullen Automotive Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

22.89

21.99

17.17

302.59

421.71

Mullen Automotive Quarterly Data
	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial													559.98	421.71	381.18	214.12	192.33

Mullen Automotive 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.

Mullen Automotive's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	272.808	+	148.898
	=	421.71

Mullen Automotive'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 )
	=	52.995	+	139.335
	=	192.33

Mullen Automotive (NAS:MULN) Total Assets Explanation

Total Assets is connected with ROA %.

Mullen Automotive'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 )
	=	-349.444	/	( (214.12	+	192.33)	/ 2 )
	=	-349.444	/	203.225
	=	-171.95 %

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.

Mullen Automotive'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 )
=	0.065	/	( (214.12	+	192.33)	/ 2 )
=	0.065	/	203.225
=	0.00

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.

Mullen Automotive Total Assets Related Terms

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Mullen Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mullen Automotive Inc (NAS:MULN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1405 Pioneer Street, Brea, CA, USA, 92821

Website

https://www.mullenusa.com

Mullen Automotive Inc is engaged in manufacturing electric vehicles and energy solutions. The company strives to make electric vehicles more accessible by building an end-to-end ecosystem that takes care of all aspects of electric vehicle ownership. The Company owns and partners with several synergistic businesses, all working towards the same goal of creating clean and scalable electric vehicles and energy solutions. The company has two segments Bollinger and Mullen/ELMS, which generates revenue.

Executives

Calin Popa	officer: Pres. Mullen Automotive	1405 PIONEER STREET, BREA CA 92821
David Michery	director, officer: CEO, President	1875 CENTURY PARK EAST, 6TH FLOOR, SUITE 73, CENTURY CITY CA 90067
Chester A. Bragado	officer: CAO	1405 PIONEER STREET, BREA CA 92821
Jonathan New	officer: Chief Financial Officer	12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161
Kent Puckett	director	1405 PIONEER STREET, BREA CA 92821
John Kevin Andersen	director	1405 PIONEER STREET, BREA CA 92821
Ignacio Novoa	director	1405 PIONEER STREET, BREA CA 92821
Jerry Alban	director, officer: COO	1405 PIONEER STREET, BREA CA 92821
Mark Betor	director	1405 PIONEER STREET, BREA CA 92821
Kerri Sadler	officer: CFO	1405 PIONEER STREET, BREA CA 92821
William Miltner	director	1405 PIONEER STREET, BREA CA 92821
Mary Winter	director, officer: Secretary	1405 PIONEER STREET, BREA CA 92821
Todd Raarup	director	133 PROSPECTOR LANE 4102, ASPEN CO 81611
John Roland	director	3370 NE 190 STREET APT. 2108, AVENTURA FL 33180
John Joseph Wiegand	director	1250 EASTON ROAD, SUITE 190 A, HORSHAM PA 19044