Plug Power's Total Assets for the quarter that ended in Sep. 2024 was $4,724.9 Mil.
During the past 12 months, Plug Power's average Total Assets Growth Rate was -5.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 73.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 70.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 63.40% per year.
During the past 13 years, Plug Power's highest 3-Year average Total Assets Growth Rate was 142.80%. The lowest was -28.30%. And the median was 11.50%.
Total Assets is connected with ROA %. Plug Power's annualizedROA % for the quarter that ended in Sep. 2024 was -17.77%. Total Assets is also linked to Revenue through Asset Turnover. Plug Power's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.
Plug Power Total Assets Historical Data
The historical data trend for Plug Power'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.
Plug Power's Total Assets for the fiscal year that ended in Dec. 2023 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 (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.
Plug Power's Asset Turnover for the quarter that ended in Sep. 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.
Plug Power Total Assets Related Terms
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Plug Power is building an end-to-end green hydrogen ecosystem-from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
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