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Advent Technologies Holdings Inc (NASDAQ: ADN) |
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Advent Technologies Holdings Inc 's ROA from the third quarter of 2024 to the third quarter of 2023 and 5 Year Period
Return on Assets, Quarterly Results, Trends, Rankings, Statistics
What is Advent Technologies Holdings Inc 's ROA in the third quarter of 2024?
Advent Technologies Holdings Inc recorded a cumulative net loss of $-67 million during 12 months ending in the third quarter of 2024, resulting in a negative return on assets (ROA) of -249.43%.
However, within the Capital Goods sector 275 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Sep 30 2024 quarter, so far to 4363, from total ROA ranking in the second quarter of 2024 at 4394.
What is ROA?
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Select the Comparisons :
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Select the Ratio:
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| Return On Assets |
(Sep 30 2024)
III. Quarter |
(Jun 30 2024)
II. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Total Assets Change |
-88.22 % |
-81.83 % |
-62.93 % |
-57.82 % |
-54.61 % |
| Y / Y Net Income Change |
- |
- |
- |
- |
- |
| Net Income (TTM) in million |
-67 |
-71 |
-71 |
-93 |
-93 |
| Return On Assets (TTM) |
-249.43 % |
-173.53 % |
-125.46 % |
-131.99 % |
-104.22 % |
| ADN's Total
Ranking |
# 4363 |
# 4394 |
# |
# 4679 |
# 4591 |
| Total Assets (TTM) in million |
7 |
14 |
32 |
54 |
62 |
| Seq. Total Assets Change |
-48.99 % |
-55.74 % |
-39.75 % |
-13.39 % |
-21.32 % |
| Seq. Net Income Change |
- |
- |
- |
- |
- |
| Return On Assets Company Ranking |
| Within: |
No. |
| Industry |
# 108 |
| Sector |
# 276 |
| Overall |
# 4340 |
| Return On Assets Statistics |
| High |
Average |
Low |
-1.02 % |
-75.97 % |
-240.98 % |
| (Jun 30 2020) |
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(Sep 30 2024) |
News about Advent Technologies Holdings Inc |
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In a significant move that could reshape the future of Advent Technologies Holdings, Inc. (NASDAQ: ADN), the company has announced notable changes to its management and board. This comes as Advent faces tough challenges in an increasingly competitive landscape dominated by fuel cell and hydrogen technology endeavors. The resignation of Chairman and CEO Vasilis Gregoriou, along with Chief Strategy Officer Chris Kaskavelis, marks a critical juncture for the innovation-driven firm.Taking the helm as Interim CEO is Gary Herman, a seasoned turnaround executive known for his strategic prowess in revitalizing troubled companies. His past experience positions him to potentially steer Advent back to a healthier trajectory during a trying time characterized by financial setbacks and operational difficulties.
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Outline:
1. Introduction
- Advent Technologies Holdings, Inc. (NASDAQ: ADN) announces the appointment of Naiem Hussain as the new Chief Financial Officer.
- Mr. Hussain s expertise in corporate finance, specifically IPOs, fundraisings, and mergers and acquisitions within the energy technology sector, will contribute to Advent s growth and strategic initiatives.
- The appointment is subject to the completion of the company s hiring protocols.
2. Background on Advent Technologies
- Advent Technologies is an innovation-driven leader in the fuel cell and hydrogen technology space.
- The company focuses on the development and commercialization of next-generation fuel cells and hydrogen-based technologies.
- Advent aims to address various energy challenges, such as reducing emissions, enhancing energy storage, and supporting the electrification of transportation.
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| Annual Return On Assets |
(Dec 31 2023)
FY 2023 |
(Dec 31 2022)
FY 2022 |
(Dec 31 2021)
FY 2021 |
(Dec 31 2020)
FY 2020 |
FY |
| Y / Y Total Assets Change |
-62.93 % |
-46.29 % |
74.21 % |
- |
- |
| Total Assets in million |
32 |
88 |
163 |
94 |
0 |
| Y / Y Net Income Change |
- |
- |
- |
- |
- |
| Net Income in million |
-71 |
-74 |
-21 |
-100 |
0 |
| Annual Return On Assets |
-219.93 % |
-84.9 % |
-12.59 % |
-107.09 % |
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| Companies with similar Return On Assets at Sep 30 2024, within Capital Goods Sector | ROA |
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Date modified: 2025-01-01T19:31:26+00:00
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