XCHG (XCH) Total Assets : $44.01 Mil (As of Jun. 2024)

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What is XCHG Total Assets?

XCHG's Total Assets for the quarter that ended in Jun. 2024 was $44.01 Mil.

During the past 12 months, XCHG's average Total Assets Growth Rate was -0.80% per year.

Total Assets is connected with ROA %. XCHG's annualized ROA % for the quarter that ended in Jun. 2024 was -8.87%. Total Assets is also linked to Revenue through Asset Turnover. XCHG's Asset Turnover for the quarter that ended in Jun. 2024 was 0.21.

XCHG Total Assets Historical Data

The historical data trend for XCHG'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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XCHG Total Assets Chart

XCHG Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

19.24

29.14

40.96

XCHG Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial					27.22	36.30	40.96	41.78	44.01

XCHG 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.

XCHG'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 )
	=	-30.037	+	70.997
	=	40.96

XCHG'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 )
	=	-30.962	+	74.968
	=	44.01

XCHG (NAS:XCH) Total Assets Explanation

Total Assets is connected with ROA %.

XCHG'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 )
	=	-3.804	/	( (41.775	+	44.006)	/ 2 )
	=	-3.804	/	42.8905
	=	-8.87 %

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.

XCHG'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 )
=	8.998	/	( (41.775	+	44.006)	/ 2 )
=	8.998	/	42.8905
=	0.21

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.

XCHG Total Assets Related Terms

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XCHG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » XCHG Ltd (NAS:XCH) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamburg-Mitte Grevenweg 24, Hamburg, DEU, 20537

Website

https://www.xcharge.com

XCHG Ltd engaged in designing, manufacturing and selling of Electric Vehicle (EV) chargers and EV charging solutions which include the DC fast chargers named the C6 series and the C7 series, the battery-integrated DC fast chargers which is Net Zero Series (NZS), as well as accompanying services. Its integrated solution combining proprietary charging technology, energy storage technology and accompanying services significantly improves EV charging efficiency and unlocks the value of energy storage and management. Its NZS solution enables fast charging at low power locations or vis-a-vis aged grid infrastructures (which typically are not compatible with fast charging equipment) with no site improvements or grid upgrades needed.