Erayak Power Solution Group (Erayak Power Solution Group) Total Assets : $35.29 Mil (As of Dec. 2023)

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What is Erayak Power Solution Group Total Assets?

Erayak Power Solution Group's Total Assets for the quarter that ended in Dec. 2023 was $35.29 Mil.

During the past 12 months, Erayak Power Solution Group's average Total Assets Growth Rate was -3.80% per year. During the past 3 years, the average Total Assets Growth Rate was 10.70% per year.

During the past 5 years, Erayak Power Solution Group's highest 3-Year average Total Assets Growth Rate was 35.10%. The lowest was 10.70%. And the median was 22.90%.

Total Assets is connected with ROA %. Erayak Power Solution Group's annualized ROA % for the quarter that ended in Dec. 2023 was 4.25%. Total Assets is also linked to Revenue through Asset Turnover. Erayak Power Solution Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.31.

Erayak Power Solution Group Total Assets Historical Data

The historical data trend for Erayak Power Solution Group'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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Erayak Power Solution Group Total Assets Chart

Erayak Power Solution Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

13.42

22.13

23.47

37.61

35.29

Erayak Power Solution Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial				23.47	25.54	37.61	34.76	35.29

Erayak Power Solution Group 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.

Erayak Power Solution Group'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 )
	=	20.202	+	15.083
	=	35.29

Erayak Power Solution Group'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 )
	=	20.202	+	15.083
	=	35.29

Erayak Power Solution Group (NAS:RAYA) Total Assets Explanation

Total Assets is connected with ROA %.

Erayak Power Solution Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	1.488	/	( (34.76	+	35.285)	/ 2 )
	=	1.488	/	35.0225
	=	4.25 %

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

Erayak Power Solution Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	10.873	/	( (34.76	+	35.285)	/ 2 )
=	10.873	/	35.0225
=	0.31

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.

Erayak Power Solution Group Total Assets Related Terms

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Erayak Power Solution Group (Erayak Power Solution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025

Website

https://www.erayakpower.com

Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators.