Sunrise New Energy Co (Sunrise New Energy Co) Total Assets : $121.46 Mil (As of Jun. 2023)

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What is Sunrise New Energy Co Total Assets?

Sunrise New Energy Co's Total Assets for the quarter that ended in Jun. 2023 was $121.46 Mil.

Warning Sign:

If a company builds assets at 135.7% a year, faster than its revenue growth rate of 42.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Sunrise New Energy Co's average Total Assets Growth Rate was 51.20% per year. During the past 3 years, the average Total Assets Growth Rate was 79.90% per year. During the past 5 years, the average Total Assets Growth Rate was 135.70% per year.

During the past 6 years, Sunrise New Energy Co's highest 3-Year average Total Assets Growth Rate was 167.00%. The lowest was 79.90%. And the median was 155.90%.

Total Assets is connected with ROA %. Sunrise New Energy Co's annualized ROA % for the quarter that ended in Jun. 2023 was -8.24%. Total Assets is also linked to Revenue through Asset Turnover. Sunrise New Energy Co's Asset Turnover for the quarter that ended in Jun. 2023 was 0.18.

Sunrise New Energy Co Total Assets Historical Data

The historical data trend for Sunrise New Energy Co'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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Sunrise New Energy Co Total Assets Chart

Sunrise New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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14.27

26.97

39.74

58.70

107.02

Sunrise New Energy Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial							63.31	58.70	100.96	107.02	121.46

Sunrise New Energy Co 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.

Sunrise New Energy Co's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	42.133	+	64.889
	=	107.02

Sunrise New Energy Co's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	34.695	+	86.768
	=	121.46

Sunrise New Energy Co (NAS:EPOW) Total Assets Explanation

Total Assets is connected with ROA %.

Sunrise New Energy Co's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-9.418	/	( (107.022	+	121.463)	/ 2 )
	=	-9.418	/	114.2425
	=	-8.24 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) 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.

Sunrise New Energy Co's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	20.708	/	( (107.022	+	121.463)	/ 2 )
=	20.708	/	114.2425
=	0.18

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.

Sunrise New Energy Co Total Assets Related Terms

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Sunrise New Energy Co (Sunrise New Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunrise New Energy Co Ltd (NAS:EPOW) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

No. 69 Sanying Road, Zibo Science and Technology Industrial Entrepreneurship Park, Room 703, West Zone, R&D Building, Zhangdian District, Shandong Province, Zibo City, CHN

Website

https://www.sunrisenewenergy.com

Sunrise New Energy Co Ltd is engaged in the manufacturing and sale of graphite anode material for EVs and other lithium-ion batteries. The Company's joint venture is into the construction of a manufacturing plant in Guizhou Province. The plant runs on inexpensive electricity from renewable sources that enables the group to be a low-cost and low environmental impact producer of graphite anode material, Its products include GS-1, GS-2, GS-3, GZD-1, GLD-1, and GZ-1.