US Lighting Group (US Lighting Group) Total Assets : $3.01 Mil (As of Mar. 2024)

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What is US Lighting Group Total Assets?

US Lighting Group's Total Assets for the quarter that ended in Mar. 2024 was $3.01 Mil.

During the past 12 months, US Lighting Group's average Total Assets Growth Rate was 2.80% per year. During the past 3 years, the average Total Assets Growth Rate was 11.40% per year. During the past 5 years, the average Total Assets Growth Rate was 9.20% per year.

During the past 9 years, US Lighting Group's highest 3-Year average Total Assets Growth Rate was 407.30%. The lowest was -23.70%. And the median was 79.10%.

Total Assets is connected with ROA %. US Lighting Group's annualized ROA % for the quarter that ended in Mar. 2024 was -57.81%. Total Assets is also linked to Revenue through Asset Turnover. US Lighting Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

US Lighting Group Total Assets Historical Data

The historical data trend for US Lighting 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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US Lighting Group Total Assets Chart

US Lighting Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.56

2.33

4.02

2.72

3.07

US Lighting Group Quarterly Data
	Jun17	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															2.92	3.12	3.00	3.07	3.01

US Lighting 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.

US Lighting 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 )
	=	-4.649	+	7.719
	=	3.07

US Lighting Group'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 )
	=	-5.088	+	8.093
	=	3.01

US Lighting Group (OTCPK:USLG) Total Assets Explanation

Total Assets is connected with ROA %.

US Lighting Group'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 )
	=	-1.756	/	( (3.07	+	3.005)	/ 2 )
	=	-1.756	/	3.0375
	=	-57.81 %

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.

US Lighting Group'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 )
=	0.291	/	( (3.07	+	3.005)	/ 2 )
=	0.291	/	3.0375
=	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.

US Lighting Group Total Assets Related Terms

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US Lighting Group (US Lighting Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » US Lighting Group Inc (OTCPK:USLG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1148 East 222nd Street, Euclid, OH, USA, 44117

Website

https://www.uslightinggroup.com

US Lighting Group Inc is a manufacturer of recreational vehicles utilizing the highest quality marine materials to create lighter weight, stronger, and more durable RV travel trailers and campers. It consists of four subsidiaries: Cortes Campers, LLC, a brand of high end molded fiberglass campers, Futuro Houses, LLC, focused on design and sales of molded fiberglass homes, Fusion X Marine, LLC, a high performance boat designer, and MIGMarine Corporation, a composite manufacturing company that produces proprietary molded fiberglass products for other business lines. The company formed Cortes Campers to operate a new brand of inventive travel trailers.

Executives

Michael A Coates	officer: Corporate Controller	1148 EAST 222ND ST., EUCLID OH 44117
Retreage Donald O'connor Jr	officer: CFO	2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Patricia Ann Salaciak	director, officer: Marketing Director	1148 EAST 222ND ST., EUCLID OH 44117
Olga Smirnova	director, officer: Corporate Secretary	1148 EAST 222ND ST., EUCLID OH 44117
Paul Spivak	director, 10 percent owner, officer: CEO	34099 MELINZ PKWY., UNIT E, EASTLAKE OH 44095