Solid Power (Solid Power) Total Assets : $516.17 Mil (As of Mar. 2024)

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What is Solid Power Total Assets?

Solid Power's Total Assets for the quarter that ended in Mar. 2024 was $516.17 Mil.

During the past 12 months, Solid Power's average Total Assets Growth Rate was 16.40% per year. During the past 3 years, the average Total Assets Growth Rate was 238.10% per year.

During the past 5 years, Solid Power's highest 3-Year average Total Assets Growth Rate was 238.10%. The lowest was 198.50%. And the median was 218.30%.

Total Assets is connected with ROA %. Solid Power's annualized ROA % for the quarter that ended in Mar. 2024 was -16.17%. Total Assets is also linked to Revenue through Asset Turnover. Solid Power's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Solid Power Total Assets Historical Data

The historical data trend for Solid 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.

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Solid Power Total Assets Chart

Solid Power Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

20.84

14.21

617.68

594.45

532.79

Solid Power Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial											572.86	558.01	543.93	532.79	516.17

Solid Power 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.

Solid Power'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 )
	=	503.335	+	29.457
	=	532.79

Solid Power's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	479.377	+	36.793
	=	516.17

Solid Power (NAS:SLDPW) Total Assets Explanation

Total Assets is connected with ROA %.

Solid Power's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-84.828	/	( (532.792	+	516.17)	/ 2 )
	=	-84.828	/	524.481
	=	-16.17 %

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

Solid Power's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	5.953	/	( (532.792	+	516.17)	/ 2 )
=	5.953	/	524.481
=	0.01

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.

Solid Power Total Assets Related Terms

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Solid Power (Solid Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solid Power Inc (NAS:SLDPW) » Definitions » Total Assets

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Traded in Other Exchanges

SLDP:USA

Address

486 S. Pierce Avenue, Suite E, Louisville, CO, USA, 80027

Website

https://www.solidpowerbattery.com

Solid Power Inc is engaged in developing all-solid-state battery cell technology to enable the next generation of batteries for the EV and other markets. The company's planned business model is to license its all-solid-state battery cell designs and manufacturing know-how to top tier battery manufacturers or automotive original equipment manufacturers and to sell its sulfide-based solid electrolyte for incorporation into all-solid-state battery cells.