Twin Vee PowerCats Co's Total Assets for the quarter that ended in Dec. 2024 was $25.89 Mil.
Warning Sign:
If a company builds assets at 58.7% a year, faster than its revenue growth rate of 7.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Twin Vee PowerCats Co's average Total Assets Growth Rate was -2.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 58.70% per year.
During the past 6 years, Twin Vee PowerCats Co's highest 3-Year average Total Assets Growth Rate was 86.50%. The lowest was 20.10%. And the median was 73.50%.
Twin Vee PowerCats Co Total Assets Historical Data
The historical data trend for Twin Vee PowerCats Co'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.
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.
Twin Vee PowerCats Co's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as
* 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.
Twin Vee PowerCats Co (NAS:VEEE) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 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.
Twin Vee PowerCats Co's Asset Turnover for the quarter that ended in Dec. 2024 is
* 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.
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.
Twin Vee PowerCats Co Total Assets Related Terms
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Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power catamaran boats to use for fishing, diving and water skiing and commercial activities including transportation, eco-tours, fishing, and diving expeditions. Its revenue is derived from the sale of boats, motors, and trailers to its independent dealers. It has organized its business into three operating segments: The gas-powered boat segment, which manufactures and distributes gas-powered boats; The electric-powered boat segment, which is developing fully electric boats, through its controlling interest subsidiary, and its franchise segment, which is developing a standard product offering and will be selling franchises across the United States through its wholly-owned subsidiary.
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