REII (Renewable Innovations) Total Assets : $8.85 Mil (As of Feb. 2023)

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What is Renewable Innovations Total Assets?

Renewable Innovations's Total Assets for the quarter that ended in Feb. 2023 was $8.85 Mil.

Total Assets is connected with ROA %. Renewable Innovations's annualized ROA % for the quarter that ended in Feb. 2023 was -16.49%. Total Assets is also linked to Revenue through Asset Turnover. Renewable Innovations's Asset Turnover for the quarter that ended in Feb. 2023 was 0.12.

Renewable Innovations Total Assets Historical Data

The historical data trend for Renewable Innovations'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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Renewable Innovations Total Assets Chart

Renewable Innovations Annual Data

Trend

Nov20

Nov21

Nov22

Total Assets

6.16

9.15

Renewable Innovations Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Total Assets	Get a 7-Day Free Trial								0.08	0.11	0.10	9.15	8.85

Renewable Innovations 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.

Renewable Innovations's Total Assets for the fiscal year that ended in Nov. 2022 is calculated as

Total Assets	=	Total Equity (A: Nov. 2022 )	+	Total Liabilities (A: Nov. 2022 )
	=	1.255	+	7.893
	=	9.15

Renewable Innovations's Total Assets for the quarter that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2023 )	+	Total Liabilities (Q: Feb. 2023 )
	=	0.885	+	7.967
	=	8.85

Renewable Innovations (OTCPK:REII) Total Assets Explanation

Total Assets is connected with ROA %.

Renewable Innovations's annualized ROA % for the quarter that ended in Feb. 2023 is

ROA %	=	Net Income (Q: Feb. 2023 )	/	( (Total Assets (Q: Nov. 2022 )	+	Total Assets (Q: Feb. 2023 ))	/ count )
	=	-1.484	/	( (9.148	+	8.851)	/ 2 )
	=	-1.484	/	8.9995
	=	-16.49 %

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

Renewable Innovations's Asset Turnover for the quarter that ended in Feb. 2023 is

	Asset Turnover
=	Revenue (Q: Feb. 2023 )	/	( (Total Assets (Q: Nov. 2022 )	+	Total Assets (Q: Feb. 2023 ))	/ count )
=	1.099	/	( (9.148	+	8.851)	/ 2 )
=	1.099	/	8.9995
=	0.12

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.

Renewable Innovations Total Assets Related Terms

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Renewable Innovations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Renewable Innovations Inc (OTCPK:REII) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

588 West 400 South, Suite 110, Lindon, UT, USA, 84042

Website

https://www.renewable-innovations.com

Renewable Innovations Inc is a clean, hydrogen fuel cell energy systems company. It imagines, designs, and builds hydrogen-powered systems to bring green, clean solutions across industries, particularly the EV charging market. It offers Hydrogen Fuel Cell (HFC) scalable backup and primary power systems; Mobile and transportable HFC-powered EV Rapid Charge systems for the Electric Vehicle market to help close the Grid Gap, hydrogen transport and refueling vehicle, and Greenhouse Grids to power communities.

Executives

Lynn Bagley Barney	director, 10 percent owner, officer: CFO, Sec, Director	1851 FAIRWAY LANE, DRAPER UT 84020
Robert L. Mount	director, 10 percent owner, officer: CEO, Pres, Director	752 N. MERIDIAN DRIVE, SARATOGA SPRINGS UT 84045
William Donald Mcleod	director, officer: President	129 COUNTRY PLACE COURT, COLUMBIA SC 29212
Thomas Michael Grbelja	officer: Treasurer and Secretary	151 BIRCH ROAD, FRANKLIN LAKES NJ 07417
Alex Aliksanyan	director, officer: Chief Executive Officer	C/O NEXT 1 INTERACTIVE, INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331