VLCN (Volcon) Total Assets : $10.01 Mil (As of Sep. 2024)

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What is Volcon Total Assets?

Volcon's Total Assets for the quarter that ended in Sep. 2024 was $10.01 Mil.

During the past 12 months, Volcon's average Total Assets Growth Rate was -69.40% per year. During the past 3 years, the average Total Assets Growth Rate was 120.60% per year.

During the past 4 years, Volcon's highest 3-Year average Total Assets Growth Rate was 120.60%. The lowest was 120.60%. And the median was 120.60%.

Total Assets is connected with ROA %. Volcon's annualized ROA % for the quarter that ended in Sep. 2024 was -422.93%. Total Assets is also linked to Revenue through Asset Turnover. Volcon's Asset Turnover for the quarter that ended in Sep. 2024 was 0.08.

Volcon Total Assets Historical Data

The historical data trend for Volcon'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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Volcon Total Assets Chart

Volcon Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

1.85

14.62

22.73

22.13

Volcon Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial													16.15	22.13	17.38	15.79	10.01

Volcon 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.

Volcon'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 )
	=	-19.631	+	41.757
	=	22.13

Volcon's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	5.058	+	4.948
	=	10.01

Volcon (NAS:VLCN) Total Assets Explanation

Total Assets is connected with ROA %.

Volcon's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-54.552	/	( (15.79	+	10.007)	/ 2 )
	=	-54.552	/	12.8985
	=	-422.93 %

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

Volcon's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	1.076	/	( (15.79	+	10.007)	/ 2 )
=	1.076	/	12.8985
=	0.08

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.

Volcon Total Assets Related Terms

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Volcon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volcon Inc (NAS:VLCN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3121 Eagles Nest Street, Suite 120, Round Rock, TX, USA, 78665

Website

https://www.volcon.com

Volcon Inc is an all-electric, off-road powersports vehicle company developing and building electric two and four-wheel motorcycles and utility terrain vehicles, also known as side-by-sides, along with a complete line of upgrades and accessories. The company's products include motorcycle and UTV products that are all-electric and designed for off-road use. The company has hundred and three dealers covering twenty eight states.

Executives

Melissa Coffey	officer: VP - Sales & Marketing	1702 PERSIMMON ROAD, CEDAR PARK TX 78613
Stephanie Michelle Davis	officer: Chief Operating Officer	504 OCONEE CIRCLE, EVANS GA 30809
Christian Okonsky	director, 10 percent owner, officer: Chief Technology Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Adrian James	director, 10 percent owner	3736 BEE CAVES RD, SUITE 1-105, AUSTIN TX 78746
Jonathan P. Foster	director	2450 SOUTH SHORE BLVD., SUITE 402, LEAGUE CITY TX 77573
Greg Endo	officer: Chief Financial Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Karin-joyce Tjon	director	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Jordan Don Davis	officer: Chief Executive Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Kyoung John Kim	director	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665