SolarMax Technology (SolarMax Technology) Total Assets : $54.69 Mil (As of Mar. 2024)

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What is SolarMax Technology Total Assets?

SolarMax Technology's Total Assets for the quarter that ended in Mar. 2024 was $54.69 Mil.

During the past 12 months, SolarMax Technology's average Total Assets Growth Rate was -31.50% per year. During the past 3 years, the average Total Assets Growth Rate was -16.50% per year. During the past 5 years, the average Total Assets Growth Rate was -11.70% per year.

During the past 7 years, SolarMax Technology's highest 3-Year average Total Assets Growth Rate was -2.50%. The lowest was -17.20%. And the median was -11.25%.

Total Assets is connected with ROA %. SolarMax Technology's annualized ROA % for the quarter that ended in Mar. 2024 was -149.18%. Total Assets is also linked to Revenue through Asset Turnover. SolarMax Technology's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

SolarMax Technology Total Assets Historical Data

The historical data trend for SolarMax Technology'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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SolarMax Technology Total Assets Chart

SolarMax Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Total Assets

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111.02

96.14

72.02

61.48

48.66

SolarMax Technology Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															70.43	64.35	59.33	48.66	54.69

SolarMax Technology 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.

SolarMax Technology'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 )
	=	-15.888	+	64.543
	=	48.66

SolarMax Technology'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 )
	=	-0.585	+	55.277
	=	54.69

SolarMax Technology (NAS:SMXT) Total Assets Explanation

Total Assets is connected with ROA %.

SolarMax Technology'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 )
	=	-77.088	/	( (48.655	+	54.692)	/ 2 )
	=	-77.088	/	51.6735
	=	-149.18 %

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.

SolarMax Technology'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 )
=	5.764	/	( (48.655	+	54.692)	/ 2 )
=	5.764	/	51.6735
=	0.11

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.

SolarMax Technology Total Assets Related Terms

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SolarMax Technology (SolarMax Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarMax Technology Inc (NAS:SMXT) » Definitions » Total Assets

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6W1:Germany

Address

3080 12th Street, Riverside, CA, USA, 92507

Website

http://www.solarmaxtech.com

SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.

SolarMax Technology (SolarMax Technology) Headlines

From GuruFocus

SolarMax Technology, Inc. Announces Pricing of Initial Public Offering and listing on Nasdaq

By PRNewswire • 02-27-2024