TURB (Turbo Energy) Total Assets : $10.69 Mil (As of Jun. 2024)

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What is Turbo Energy Total Assets?

Turbo Energy's Total Assets for the quarter that ended in Jun. 2024 was $10.69 Mil.

During the past 12 months, Turbo Energy's average Total Assets Growth Rate was -37.80% per year.

Total Assets is connected with ROA %. Turbo Energy's annualized ROA % for the quarter that ended in Jun. 2024 was -45.14%. Total Assets is also linked to Revenue through Asset Turnover. Turbo Energy's Asset Turnover for the quarter that ended in Jun. 2024 was 0.38.

Turbo Energy Total Assets Historical Data

The historical data trend for Turbo 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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Turbo Energy Total Assets Chart

Turbo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

10.34

16.14

16.61

Turbo Energy Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial			-	16.14	14.26	16.61	10.69

Turbo 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.

Turbo 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 )
	=	5.733	+	10.872
	=	16.61

Turbo Energy'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 )
	=	2.615	+	8.073
	=	10.69

Turbo Energy (NAS:TURB) Total Assets Explanation

Total Assets is connected with ROA %.

Turbo Energy'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 )
	=	-6.16	/	( (16.605	+	10.688)	/ 2 )
	=	-6.16	/	13.6465
	=	-45.14 %

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.

Turbo Energy'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 )
=	5.25	/	( (16.605	+	10.688)	/ 2 )
=	5.25	/	13.6465
=	0.38

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.

Turbo Energy Total Assets Related Terms

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Turbo Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Turbo Energy SA (NAS:TURB) » Definitions » Total Assets

Traded in Other Exchanges

X8WA:Germany

Address

Isabel la Catolica Street, 8, Offices 50-51, Valencia, ESP, 46004

Website

https://www.turbo-e.com

Turbo Energy SA is a company that specializes in designing, developing, and distributing equipment for the generation, management, and storage of photovoltaic energy. The company's primary activities include acquiring, distributing, and selling electrical and electronic materials for renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures. The storage products are managed through a software system optimized by artificial intelligence, which is controlled from the cloud and through the installation inverter. Turbo Energy sells inverters, batteries, and photovoltaic modules to installers and other distributors for residential consumers in Spain.