VEVMQ (Vicinity Motor) Total Assets: $77.83 Mil (As of Mar. 2024)


VEVMQ Vicinity Motor Corp VEVMQ
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What is Vicinity Motor Total Assets?

Vicinity Motor VEVMQ -99.00% 12 Total Assets is $77.83 Mil as of Mar. 2024. GuruFocus rates VEVMQ with a GF Score™ of 12/100.

Vicinity Motor's Total Assets for the quarter that ended in Mar. 2024 was $77.83 Mil.

Total Assets is connected with ROA %. Vicinity Motor's annualized ROA % for the quarter that ended in Mar. 2024 was -19.58%. Total Assets is also linked to Revenue through Asset Turnover. Vicinity Motor's Asset Turnover for the quarter that ended in Mar. 2024 was 0.17.

Vicinity Motor  (OTCPK:VEVMQ) Total Assets Explanation

Total Assets is connected with ROA %.

Vicinity Motor'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 )
=-14.88/( (74.195+77.831)/ 2 )
=-14.88/76.013
=-19.58 %

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.

Vicinity Motor'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 )
=13.234/( (74.195+77.831)/ 2 )
=13.234/76.013
=0.17

* 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.

Vicinity Motor Total Assets Related Terms

Vicinity Motor Total Assets Historical Data

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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.

Vicinity Motor Total Assets Chart

Vicinity Motor Annual Data
Trend Aug14 Aug15 Aug16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.41 36.94 53.99 55.03 74.20

Vicinity Motor Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.52 68.33 72.58 74.20 77.83
VEVMQ
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Vicinity Motor Corp VEVMQ
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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 )
=21.197+52.998
=74.20

Vicinity Motor'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 )
=18.742+59.089
=77.83

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $77.83 Mil mean?
Vicinity Motor (VEVMQ) has a Total Assets of $77.83 Mil as of Mar. 2024. The total amount of assets as recorded on a company's balance sheet. View historical data on Vicinity Motor and its competitors.
Is Vicinity Motor's Total Assets too high?
Vicinity Motor's current Total Assets is $77.83 Mil. Overall, Vicinity Motor has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Vicinity Motor's Total Assets compare to TSLA and GM?
Vicinity Motor's Total Assets of $77.83 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Vehicles & Parts company?
A good Total Assets depends on the Vehicles & Parts industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Vicinity Motor and its competitors. Vicinity Motor's current Total Assets is $77.83 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicinity Motor stock overvalued right now?
Vicinity Motor (VEVMQ) has a current Total Assets of $77.83 Mil. The current Total Assets is $77.83 Mil. Vicinity Motor's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Vicinity Motor (VEVMQ), the current Total Assets is $77.83 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vicinity Motor Business Description

Address 3168 262nd Street, Aldergrove, BC, CAN, V4W 2Z6
Vicinity Motor Corp is a 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.
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Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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