Loop Energy (TSX:LPEN) Total Assets : C$21.98 Mil (As of Dec. 2023)

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What is Loop Energy Total Assets?

Loop Energy's Total Assets for the quarter that ended in Dec. 2023 was C$21.98 Mil.

During the past 12 months, Loop Energy's average Total Assets Growth Rate was -38.00% per year. During the past 3 years, the average Total Assets Growth Rate was 39.30% per year. During the past 5 years, the average Total Assets Growth Rate was 56.00% per year.

During the past 7 years, Loop Energy's highest 3-Year average Total Assets Growth Rate was 87.60%. The lowest was 39.30%. And the median was 75.80%.

Total Assets is connected with ROA %. Loop Energy's annualized ROA % for the quarter that ended in Dec. 2023 was -64.61%. Total Assets is also linked to Revenue through Asset Turnover. Loop Energy's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Loop Energy Total Assets Historical Data

The historical data trend for Loop Energy'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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Loop Energy Total Assets Chart

Loop Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6.82

10.25

84.09

55.24

21.98

Loop Energy Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															55.24	47.91	42.57	26.72	21.98

Loop Energy 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.

Loop Energy'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 )
	=	6.365	+	15.613
	=	21.98

Loop Energy's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	6.365	+	15.613
	=	21.98

Loop Energy (TSX:LPEN) Total Assets Explanation

Total Assets is connected with ROA %.

Loop Energy's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-15.732	/	( (26.72	+	21.978)	/ 2 )
	=	-15.732	/	24.349
	=	-64.61 %

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

Loop Energy's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.451	/	( (26.72	+	21.978)	/ 2 )
=	0.451	/	24.349
=	0.02

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.

Loop Energy Total Assets Related Terms

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Loop Energy (TSX:LPEN) Business Description

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LPENF:USA

Address

2880 Production Way, Burnaby, BC, CAN, V5A 4T6

Website

https://www.loopenergy.com

Loop Energy Inc is a developer, manufacturer, and supplier of hydrogen fuel cells to vehicle and power generation system manufacturers. It sells and services two categories of products: fuel cell stacks and fuel cell modules, which serve a variety of commercial applications including light commercial vehicles, transit buses, medium and heavy-duty trucks, marine, train, mining trucks, material handling vehicles, and stationary power.

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