VTSCY (Vitesco Technologies Group AG) Total Assets : $8,001 Mil (As of Jun. 2024)

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What is Vitesco Technologies Group AG Total Assets?

Vitesco Technologies Group AG's Total Assets for the quarter that ended in Jun. 2024 was $8,001 Mil.

During the past 12 months, Vitesco Technologies Group AG's average Total Assets Growth Rate was -3.90% per year. During the past 3 years, the average Total Assets Growth Rate was -9.10% per year. During the past 5 years, the average Total Assets Growth Rate was -7.40% per year.

During the past 6 years, Vitesco Technologies Group AG's highest 3-Year average Total Assets Growth Rate was -7.40%. The lowest was -9.10%. And the median was -9.00%.

Total Assets is connected with ROA %. Vitesco Technologies Group AG's annualized ROA % for the quarter that ended in Jun. 2024 was 1.81%. Total Assets is also linked to Revenue through Asset Turnover. Vitesco Technologies Group AG's Asset Turnover for the quarter that ended in Jun. 2024 was 0.27.

Vitesco Technologies Group AG Total Assets Historical Data

The historical data trend for Vitesco Technologies Group AG'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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Vitesco Technologies Group AG Total Assets Chart

Vitesco Technologies Group AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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9,345.67

9,807.42

8,370.73

8,054.77

8,269.47

Vitesco Technologies Group AG Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial														8,221.67	8,010.25	8,269.47	8,362.28	8,001.29

Vitesco Technologies Group AG 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.

Vitesco Technologies Group AG'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 )
	=	3109.378	+	5160.087
	=	8,269

Vitesco Technologies Group AG'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 )
	=	3155.221	+	4846.071
	=	8,001

Vitesco Technologies Group AG (OTCPK:VTSCY) Total Assets Explanation

Total Assets is connected with ROA %.

Vitesco Technologies Group AG's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	147.684	/	( (8362.283	+	8001.292)	/ 2 )
	=	147.684	/	8181.7875
	=	1.81 %

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

Vitesco Technologies Group AG's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	2179.225	/	( (8362.283	+	8001.292)	/ 2 )
=	2179.225	/	8181.7875
=	0.27

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.

Vitesco Technologies Group AG Total Assets Related Terms

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Vitesco Technologies Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vitesco Technologies Group AG (OTCPK:VTSCY) » Definitions » Total Assets

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Address

Siemensstrase 12, Regensburg, BY, DEU, 93055

Website

https://www.vitesco-technologies.com

Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.

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