Vicinity Motor (TSXV:VMC) Total Assets : C$99.54 Mil (As of Dec. 2023)

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What is Vicinity Motor Total Assets?

Vicinity Motor's Total Assets for the quarter that ended in Dec. 2023 was C$99.54 Mil.

During the past 12 months, Vicinity Motor's average Total Assets Growth Rate was 33.40% per year. During the past 3 years, the average Total Assets Growth Rate was 28.10% per year. During the past 5 years, the average Total Assets Growth Rate was 22.70% per year. During the past 10 years, the average Total Assets Growth Rate was 45.40% per year.

During the past 13 years, Vicinity Motor's highest 3-Year average Total Assets Growth Rate was 126.70%. The lowest was 2.00%. And the median was 28.10%.

Total Assets is connected with ROA %. Vicinity Motor's annualized ROA % for the quarter that ended in Dec. 2023 was -49.43%. Total Assets is also linked to Revenue through Asset Turnover. Vicinity Motor's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

Vicinity Motor Total Assets Historical Data

The historical data trend for Vicinity Motor'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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Vicinity Motor Total Assets Chart

Vicinity Motor Annual Data

Trend

Aug14

Aug15

Aug16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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37.42

47.32

69.11

74.76

99.54

Vicinity Motor Quarterly Data
	Mar19	Jun19	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															74.76	77.34	90.78	98.20	99.54

Vicinity Motor 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.

Vicinity Motor'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 )
	=	28.438	+	71.102
	=	99.54

Vicinity Motor'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 )
	=	28.438	+	71.102
	=	99.54

Vicinity Motor (TSXV:VMC) Total Assets Explanation

Total Assets is connected with ROA %.

Vicinity Motor'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 )
	=	-48.876	/	( (98.203	+	99.54)	/ 2 )
	=	-48.876	/	98.8715
	=	-49.43 %

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.

Vicinity Motor'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 )
=	6.833	/	( (98.203	+	99.54)	/ 2 )
=	6.833	/	98.8715
=	0.07

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.

Vicinity Motor Total Assets Related Terms

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Vicinity Motor (TSXV:VMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vicinity Motor Corp (TSXV:VMC) » Definitions » Total Assets

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VEV:USA 6LGA:Germany

Address

3168 262nd Street, Aldergrove, BC, CAN, V4W 2Z6

Website

https://www.vicinitymotorcorp.com

Vicinity Motor Corp is a Canadian bus manufacturer. The company is engaged in designing, engineering, and manufacturing mid-size buses for transit authorities and commercial enterprises. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States. The company derives maximum revenue from bus sales. It also supplies the Spare part.