Hour Loop (Hour Loop) Total Assets : $16.7 Mil (As of Mar. 2024)

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What is Hour Loop Total Assets?

Hour Loop's Total Assets for the quarter that ended in Mar. 2024 was $16.7 Mil.

During the past 12 months, Hour Loop's average Total Assets Growth Rate was -15.50% per year. During the past 3 years, the average Total Assets Growth Rate was 51.80% per year.

During the past 5 years, Hour Loop's highest 3-Year average Total Assets Growth Rate was 76.00%. The lowest was 51.80%. And the median was 63.90%.

Total Assets is connected with ROA %. Hour Loop's annualized ROA % for the quarter that ended in Mar. 2024 was 23.50%. Total Assets is also linked to Revenue through Asset Turnover. Hour Loop's Asset Turnover for the quarter that ended in Mar. 2024 was 1.36.

Hour Loop Total Assets Historical Data

The historical data trend for Hour Loop'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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Hour Loop Total Assets Chart

Hour Loop Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

4.72

9.85

18.82

25.73

19.55

Hour Loop Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												17.64	18.33	27.61	19.55	16.75

Hour Loop 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.

Hour Loop'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 )
	=	4.453	+	15.097
	=	19.6

Hour Loop'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 )
	=	5.538	+	11.207
	=	16.7

Hour Loop (NAS:HOUR) Total Assets Explanation

Total Assets is connected with ROA %.

Hour Loop'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 )
	=	4.264	/	( (19.55	+	16.745)	/ 2 )
	=	4.264	/	18.1475
	=	23.50 %

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.

Hour Loop'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 )
=	24.681	/	( (19.55	+	16.745)	/ 2 )
=	24.681	/	18.1475
=	1.36

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.

Hour Loop Total Assets Related Terms

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Hour Loop (Hour Loop) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hour Loop Inc (NAS:HOUR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 164th Avenue North East, Redmond, WA, USA, 98052-7615

Website

https://www.hourloop.com

Hour Loop Inc is a technology-enabled consumer products company that uses machine learning and data analytics to design, develop, market, and sell products. Hour Loop predominantly operates through online retail channels such as Amazon, Walmart, and Hourloop.com. The Company, as an Internet marketplace seller, sells products in multiple categories, including home/garden decor, toys, kitchenware, apparel, and electronics.

Executives

Hillary Hui-chong Bui	director	C/O HOUR LOOP, INC. 8201 164TH AVE. NE, REDMOND WA 98052-7615
Sau Kuen Yu	director, 10 percent owner, officer: Senior Vice President	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Rahul Ray Ratan	officer: Chief Financial Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Sam Lai	director, 10 percent owner, officer: Chief Executive Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Michael Minkin Lenner	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Douglas Ian Branch	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Minghui Gao	director	C/O HOUR LOOP, INC., 8201 164TH AVE NE, #200, REDMOND WA 98052-7615

Hour Loop (Hour Loop) Headlines

From GuruFocus

Hour Loop, Inc. Announces Pricing of $6.0 Million Initial Public Offering

By GlobeNewswire GlobeNewswire • 01-06-2022

Hour Loop Reports Second Quarter 2023 Results

By Marketwired • 08-09-2023

Hour Loop Expands Operations with Multiple New Offices in Taiwan

By GuruFocusNews GuruFocusNews • 02-22-2022

Hour Loop, Inc. Announces Pricing of $6.0 Million Initial Public Offering

By GuruFocusNews GuruFocusNews • 01-06-2022

Hour Loop Reports Second Quarter 2023 Results

By GlobeNewswire • 08-09-2023

UPDATE: Hour Loop Expands Operations with Multiple New Offices in Taiwan

By GuruFocusNews GuruFocusNews • 02-23-2022

Hour Loop, Inc. to Ring Nasdaq Closing Bell

By GuruFocusNews GuruFocusNews • 01-27-2022

Hour Loop, Inc. Announces Closing of $6.9 Million Initial Public Offering and Full Exercise of Underwriter's Over-Allotment Option

By GuruFocusNews GuruFocusNews • 01-11-2022