LX Technology Group (HKSE:02436) Total Assets : HK$1,839 Mil (As of Dec. 2023)

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What is LX Technology Group Total Assets?

LX Technology Group's Total Assets for the quarter that ended in Dec. 2023 was HK$1,839 Mil.

During the past 12 months, LX Technology Group's average Total Assets Growth Rate was 8.30% per year. During the past 3 years, the average Total Assets Growth Rate was 9.40% per year.

During the past 5 years, LX Technology Group's highest 3-Year average Total Assets Growth Rate was 26.00%. The lowest was 9.40%. And the median was 17.70%.

Total Assets is connected with ROA %. LX Technology Group's annualized ROA % for the quarter that ended in Dec. 2023 was -10.81%. Total Assets is also linked to Revenue through Asset Turnover. LX Technology Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.59.

LX Technology Group Total Assets Historical Data

The historical data trend for LX Technology 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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LX Technology Group Total Assets Chart

LX Technology Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

700.75

1,115.59

1,442.20

1,743.04

1,838.75

LX Technology Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			1,442.20	1,542.70	1,743.04	1,758.81	1,838.75

LX Technology 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.

LX Technology 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 )
	=	809.187	+	1029.56
	=	1,839

LX Technology 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 )
	=	809.187	+	1029.56
	=	1,839

LX Technology Group (HKSE:02436) Total Assets Explanation

Total Assets is connected with ROA %.

LX Technology 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 )
	=	-194.494	/	( (1758.807	+	1838.747)	/ 2 )
	=	-194.494	/	1798.777
	=	-10.81 %

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.

LX Technology 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 )
=	1061.733	/	( (1758.807	+	1838.747)	/ 2 )
=	1061.733	/	1798.777
=	0.59

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.

LX Technology Group Total Assets Related Terms

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LX Technology Group (HKSE:02436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LX Technology Group Ltd (HKSE:02436) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Kaifeng Road, Meilin Street, 501, 5th Floor Cuilin Building, International financial technology city, Maling District, Futian District, Shenzhen, CHN

Website

https://www.bearrental.com

LX Technology Group Ltd is a device as a service provider in China. It is principally engaged in the sales of refurbished de-commissioned IT devices to, among others, resellers of IT devices, and the provision of the device and IT technical subscription services to SMEs in China. The segments of the company are the Device recycling business and Device subscription services, from which the company earns maximum revenue from the Device recycling business.

Executives

Lx Brothers Technology Limited	2101 Beneficial owner
Zhong Xiao Qi Ye Fa Zhan Ji Jin Shen Zhen Nan Shan You Xian He Huo	2201 Interest of corporation controlled by you
Shen Zhen Shi Fu Hai Zhong Xiao Qi Ye Fa Zhan Ji Jin Gu Quan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Yu Jun Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shang Hai Tong Yun Xin Xi Ji Shu He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Shen Zhen Shi Da Chen Cai Zhi Chuang Ye Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Hu Nan Dian Guang Chuan Mei Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Shi Dong Fang Fu Hai Tou Zi Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Chen Wei	2201 Interest of corporation controlled by you
Hu Zuoxiong	2201 Interest of corporation controlled by you
Beauty Bear Technology Limited	2101 Beneficial owner
Tigris Innovation Limited	2101 Beneficial owner
Max Smart Limited	2201 Interest of corporation controlled by you
Liu Qiangdong Richard	2305 Beneficiary of a trust

LX Technology Group (HKSE:02436) Headlines

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