Akso Health Group (Akso Health Group) Total Assets : $16.88 Mil (As of Sep. 2023)

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What is Akso Health Group Total Assets?

Akso Health Group's Total Assets for the quarter that ended in Sep. 2023 was $16.88 Mil.

During the past 12 months, Akso Health Group's average Total Assets Growth Rate was -29.70% per year. During the past 3 years, the average Total Assets Growth Rate was -44.60% per year. During the past 5 years, the average Total Assets Growth Rate was -22.60% per year.

During the past 9 years, Akso Health Group's highest 3-Year average Total Assets Growth Rate was 100.60%. The lowest was -44.60%. And the median was -19.10%.

Total Assets is connected with ROA %. Akso Health Group's annualized ROA % for the quarter that ended in Sep. 2023 was -37.04%. Total Assets is also linked to Revenue through Asset Turnover. Akso Health Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.05.

Akso Health Group Total Assets Historical Data

The historical data trend for Akso Health 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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Akso Health Group Total Assets Chart

Akso Health Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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173.26

80.48

31.69

62.81

20.46

Akso Health Group Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial												32.52	62.81	20.91	20.46	16.88

Akso Health 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.

Akso Health Group's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	8.84	+	11.621
	=	20.46

Akso Health Group's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	5.331	+	11.549
	=	16.88

Akso Health Group (NAS:AHG) Total Assets Explanation

Total Assets is connected with ROA %.

Akso Health Group's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-6.916	/	( (20.46	+	16.881)	/ 2 )
	=	-6.916	/	18.6705
	=	-37.04 %

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

Akso Health Group's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.894	/	( (20.46	+	16.881)	/ 2 )
=	0.894	/	18.6705
=	0.05

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.

Akso Health Group Total Assets Related Terms

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Akso Health Group (Akso Health Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Akso Health Group (NAS:AHG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

8HX1:Germany

Address

No. 44, Moscow Road, Qianwan Bonded Port Area, Room 8201-4-4(A), 2nd Floor, Qiantongyuan Building, Qingdao Pilot Free Trade Zone, Shandong, CHN

Website

http://www.xiaobaimaimai.com

Akso Health Group formerly Xiaobai Maimai Inc is a social e-commerce platform based in China. The company collaborates with domestic e-commerce platforms and offers users a wide selection of high-quality and affordable products on its social e-commerce platform. It operates in two segments namely online marketplace and health devices. It generates the majority of revenue from the health devices segment.