LuxUrban Hotels (LuxUrban Hotels) Total Assets : $283.3 Mil (As of Dec. 2023)

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What is LuxUrban Hotels Total Assets?

LuxUrban Hotels's Total Assets for the quarter that ended in Dec. 2023 was $283.3 Mil.

During the past 12 months, LuxUrban Hotels's average Total Assets Growth Rate was 171.10% per year. During the past 3 years, the average Total Assets Growth Rate was 731.20% per year.

During the past 5 years, LuxUrban Hotels's highest 3-Year average Total Assets Growth Rate was 731.20%. The lowest was 579.60%. And the median was 655.40%.

Total Assets is connected with ROA %. LuxUrban Hotels's annualized ROA % for the quarter that ended in Dec. 2023 was -76.25%. Total Assets is also linked to Revenue through Asset Turnover. LuxUrban Hotels's Asset Turnover for the quarter that ended in Dec. 2023 was 0.10.

LuxUrban Hotels Total Assets Historical Data

The historical data trend for LuxUrban Hotels'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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LuxUrban Hotels Total Assets Chart

LuxUrban Hotels Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

0.35

0.49

3.77

107.96

283.29

LuxUrban Hotels Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial										107.96	197.17	217.58	282.27	283.29

LuxUrban Hotels 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.

LuxUrban Hotels'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 )
	=	-9.273	+	292.567
	=	283.3

LuxUrban Hotels's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	-9.273	+	292.567
	=	283.3

LuxUrban Hotels (NAS:LUXH) Total Assets Explanation

Total Assets is connected with ROA %.

LuxUrban Hotels's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-215.612	/	( (282.265	+	283.294)	/ 2 )
	=	-215.612	/	282.7795
	=	-76.25 %

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

LuxUrban Hotels's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	27.513	/	( (282.265	+	283.294)	/ 2 )
=	27.513	/	282.7795
=	0.10

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.

LuxUrban Hotels Total Assets Related Terms

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LuxUrban Hotels (LuxUrban Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » LuxUrban Hotels Inc (NAS:LUXH) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2125 Biscayne Boulevard, Suite 253, Miami, FL, USA, 33137

Website

https://www.luxurbanhotels.com

LuxUrban Hotels Inc utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in metropolitan cities. It identifies, acquires, manages, and markets hotel rooms to business and vacation travelers under the consumer brand, LuxUrban. It manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans and Los Angeles.

Executives

Brian Ferdinand	director, officer: Chief Executive Officer	224 MUTTONTOWN EASTWOODS ROAD, MUTTONTOWN NY 11791
Leonard Toboroff	director	39 N MOORE ST, STE 6B, NEW YORK NY 10013
Kevin Michael Potts	officer: Chief Revenue Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Donald Engel	director	570 PARK AVE, NEW YORK NY 10065
Shanoop Kothari	officer: Chief Financial Officer	2865 SCOTT STREET, SUITE 107, VISTA CA 92081
Aimee Nelson	director	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Jeffrey Webb	director	6589 GREEN SHADOWS, STE 6B, MEMPHIS TN 38119
David Gurfein	officer: President & COO	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Karl Rothman	officer: Chief Accounting Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Jimmie Chatmon	director, officer: Executive Vice President	2125 BISCAYNE BLVD, MIAMI FL 33137
Kevin Mikolashek	officer: Chief Compliance Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
David Edward Berg	director	2125 BISCAYNE BLVD., SUITE 253, MIAMI FL 33137