GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polestar Automotive Holding UK PLC (NAS:PSNY) » Definitions » Total Assets

Polestar Automotive Holding UK (Polestar Automotive Holding UK) Total Assets : $4,386 Mil (As of Sep. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Polestar Automotive Holding UK Total Assets?

Polestar Automotive Holding UK's Total Assets for the quarter that ended in Sep. 2023 was $4,386 Mil.

During the past 12 months, Polestar Automotive Holding UK's average Total Assets Growth Rate was 29.10% per year.

Total Assets is connected with ROA %. Polestar Automotive Holding UK's annualized ROA % for the quarter that ended in Sep. 2023 was -14.38%. Total Assets is also linked to Revenue through Asset Turnover. Polestar Automotive Holding UK's Asset Turnover for the quarter that ended in Sep. 2023 was 0.14.

Polestar Automotive Holding UK Total Assets Historical Data

The historical data trend for Polestar Automotive Holding UK'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.

Polestar Automotive Holding UK Total Assets Chart

Polestar Automotive Holding UK Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Total Assets
- 2,548.56 3,309.69 3,942.45

Polestar Automotive Holding UK Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,649.46 3,942.45 3,983.47 4,255.25 4,386.46

Polestar Automotive Holding UK 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.

Polestar Automotive Holding UK's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=-133.643+4076.094
=3,942

Polestar Automotive Holding UK's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=-628.933+5015.397
=4,386

* 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.

Polestar Automotive Holding UK  (NAS:PSNY) Total Assets Explanation

Total Assets is connected with ROA %.

Polestar Automotive Holding UK's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-621.476/( (4255.245+4386.464)/ 2 )
=-621.476/4320.8545
=-14.38 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) 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.

Polestar Automotive Holding UK's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=613.182/( (4255.245+4386.464)/ 2 )
=613.182/4320.8545
=0.14

* 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.

Polestar Automotive Holding UK Total Assets Related Terms

Thank you for viewing the detailed overview of Polestar Automotive Holding UK's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Polestar Automotive Holding UK (Polestar Automotive Holding UK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polestar Automotive Holding UK PLC (NAS:PSNY) » Definitions » Total Assets
Comparable Companies
NWTN LVWR FSR GGR BLBD CJET GOEV NIU WKHS MULN TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F
Traded in Other Exchanges
PSNYW:USA A4N1:Germany
Address
Assar Gabrielssons Vag 9, Gothenburg, SWE, 405 31
Website
https://www.polestar.com
Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.