Fidelity China Special Situations (LSE:FCSS) Total Assets : £1,237.28 Mil (As of Sep. 2023)

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What is Fidelity China Special Situations Total Assets?

Fidelity China Special Situations's Total Assets for the quarter that ended in Sep. 2023 was £1,237.28 Mil.

During the past 12 months, Fidelity China Special Situations's average Total Assets Growth Rate was -14.30% per year. During the past 3 years, the average Total Assets Growth Rate was 0.40% per year. During the past 5 years, the average Total Assets Growth Rate was -0.90% per year. During the past 10 years, the average Total Assets Growth Rate was 8.30% per year.

During the past 13 years, Fidelity China Special Situations's highest 3-Year average Total Assets Growth Rate was 22.10%. The lowest was -2.00%. And the median was 12.25%.

Total Assets is connected with ROA %. Fidelity China Special Situations's annualized ROA % for the quarter that ended in Sep. 2023 was -21.92%. Total Assets is also linked to Revenue through Asset Turnover. Fidelity China Special Situations's Asset Turnover for the quarter that ended in Sep. 2023 was -0.11.

Fidelity China Special Situations Total Assets Historical Data

The historical data trend for Fidelity China Special Situations'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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Fidelity China Special Situations Total Assets Chart

Fidelity China Special Situations Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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1,611.55

1,408.38

2,309.60

1,509.58

1,460.77

Fidelity China Special Situations Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															1,905.17	1,509.58	1,395.14	1,460.77	1,237.28

Fidelity China Special Situations 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.

Fidelity China Special Situations'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 )
	=	1338.421	+	122.351
	=	1,460.77

Fidelity China Special Situations'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 )
	=	1134.476	+	102.805
	=	1,237.28

Fidelity China Special Situations (LSE:FCSS) Total Assets Explanation

Total Assets is connected with ROA %.

Fidelity China Special Situations'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 )
	=	-295.704	/	( (1460.772	+	1237.281)	/ 2 )
	=	-295.704	/	1349.0265
	=	-21.92 %

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.

Fidelity China Special Situations'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 )
=	-146.386	/	( (1460.772	+	1237.281)	/ 2 )
=	-146.386	/	1349.0265
=	-0.11

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.

Fidelity China Special Situations Total Assets Related Terms

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Fidelity China Special Situations (LSE:FCSS) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fidelity China Special Situations PLC (LSE:FCSS) » Definitions » Total Assets

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FCSSl:UK

Address

Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, GBR, KT20 6RP

Website

https://www.fidelity.co.uk

Fidelity China Special Situations PLC is an investment company. Its investment objective is to achieve long-term capital growth from an actively managed portfolio. The company focuses on investing in securities issued by companies listed in China or Hong Kong and any other Chinese companies listed elsewhere as well as the companies which have interests in China and Hong Kong. Its portfolio consists of various financial instruments such as equities, index-linked, equity-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, equity-related securities, forward transactions, and derivative instruments. The company may use gearing such as Contracts for Difference to meet its determined investment goals.

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