ECARX Holdings (ECARX Holdings) Total Assets : $534.5 Mil (As of Mar. 2024)

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What is ECARX Holdings Total Assets?

ECARX Holdings's Total Assets for the quarter that ended in Mar. 2024 was $534.5 Mil.

During the past 12 months, ECARX Holdings's average Total Assets Growth Rate was 15.70% per year.

Total Assets is connected with ROA %. ECARX Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -27.93%. Total Assets is also linked to Revenue through Asset Turnover. ECARX Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.23.

ECARX Holdings Total Assets Historical Data

The historical data trend for ECARX Holdings'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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ECARX Holdings Total Assets Chart

ECARX Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

622.79

678.61

597.69

ECARX Holdings Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial						535.94	558.83	572.95	597.69	534.53

ECARX Holdings 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.

ECARX Holdings'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 )
	=	-116.868	+	714.56
	=	597.7

ECARX Holdings'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 )
	=	-158.772	+	693.3
	=	534.5

ECARX Holdings (NAS:ECX) Total Assets Explanation

Total Assets is connected with ROA %.

ECARX Holdings'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 )
	=	-158.132	/	( (597.693	+	534.528)	/ 2 )
	=	-158.132	/	566.1105
	=	-27.93 %

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.

ECARX Holdings'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 )
=	128.848	/	( (597.693	+	534.528)	/ 2 )
=	128.848	/	566.1105
=	0.23

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.

ECARX Holdings Total Assets Related Terms

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ECARX Holdings (ECARX Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ECARX Holdings Inc (NAS:ECX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 St. Katharine’s Way, ECARX office, 2nd Floor South, International House, London, GBR, E1W 1UN

Website

https://www.ecarxgroup.com

ECARX Holdings Inc is engaged in the sales of system-on-chip core modules, automotive computing platform products, software stacks as well as the provision of research and development services primarily in the People's Republic of China. The company's core products include infotainment head units, digital cockpits, vehicle chip-set solutions, a core operating system and integrated software stack. Beyond this, ECARX is developing a full-stack automotive computing platform. It is engaged in automotive intelligence and networking.

Executives

Jun Hong Heng

director

C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108