RETO (ReTo Eco-Solutions) Total Assets : $33.67 Mil (As of Jun. 2024)

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What is ReTo Eco-Solutions Total Assets?

ReTo Eco-Solutions's Total Assets for the quarter that ended in Jun. 2024 was $33.67 Mil.

During the past 12 months, ReTo Eco-Solutions's average Total Assets Growth Rate was 59.70% per year. During the past 3 years, the average Total Assets Growth Rate was -25.20% per year. During the past 5 years, the average Total Assets Growth Rate was -24.70% per year.

During the past 9 years, ReTo Eco-Solutions's highest 3-Year average Total Assets Growth Rate was 17.50%. The lowest was -30.00%. And the median was -16.00%.

Total Assets is connected with ROA %. ReTo Eco-Solutions's annualized ROA % for the quarter that ended in Jun. 2024 was -4.60%. Total Assets is also linked to Revenue through Asset Turnover. ReTo Eco-Solutions's Asset Turnover for the quarter that ended in Jun. 2024 was 0.06.

ReTo Eco-Solutions Total Assets Historical Data

The historical data trend for ReTo Eco-Solutions'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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ReTo Eco-Solutions Total Assets Chart

ReTo Eco-Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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70.80

57.97

30.96

24.06

25.25

ReTo Eco-Solutions Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial													33.90	24.06	20.34	25.25	33.67

ReTo Eco-Solutions 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.

ReTo Eco-Solutions'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 )
	=	4.851	+	20.394
	=	25.25

ReTo Eco-Solutions'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 )
	=	13.777	+	19.895
	=	33.67

ReTo Eco-Solutions (NAS:RETO) Total Assets Explanation

Total Assets is connected with ROA %.

ReTo Eco-Solutions's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-1.356	/	( (25.245	+	33.672)	/ 2 )
	=	-1.356	/	29.4585
	=	-4.60 %

Note: The Net Income data used here is two times the semi-annual (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.

ReTo Eco-Solutions's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	1.839	/	( (25.245	+	33.672)	/ 2 )
=	1.839	/	29.4585
=	0.06

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.

ReTo Eco-Solutions Total Assets Related Terms

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ReTo Eco-Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ReTo Eco-Solutions Inc (NAS:RETO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Beijing REIT Technology Development Co., Ltd., X-702, Runfengdeshangyuan, 60 Anli Road, Chaoyang District, Beijing, CHN, 100101

Website

http://www.retoeco.com

ReTo Eco-Solutions Inc is a manufacturer and distributor of eco-friendly construction materials and fly-ash, as well as equipment used to produce these eco-friendly construction materials. The company engaged in providing consultation, design, project implementation and construction of urban ecological environments for capturing, controlling and re-using rainwater. It operates through four segments namely Machinery and Equipment sales, Construction materials sales, Municipal Construction Projects, and Technology Consulting and other services. The company earns its revenue from Machinery and Equipment sales segment. Geographically, it derives a majority of its revenue from China.