Qingmu Digital Technology Co (SZSE:301110) Total Assets : ¥1,563.5 Mil (As of Mar. 2024)

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What is Qingmu Digital Technology Co Total Assets?

Qingmu Digital Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,563.5 Mil.

Warning Sign:

If a company builds assets at 39.8% a year, faster than its revenue growth rate of 20.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Qingmu Digital Technology Co's average Total Assets Growth Rate was 30.50% per year. During the past 3 years, the average Total Assets Growth Rate was 32.70% per year. During the past 5 years, the average Total Assets Growth Rate was 39.80% per year.

During the past 7 years, Qingmu Digital Technology Co's highest 3-Year average Total Assets Growth Rate was 54.80%. The lowest was 22.80%. And the median was 38.00%.

Total Assets is connected with ROA %. Qingmu Digital Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 6.14%. Total Assets is also linked to Revenue through Asset Turnover. Qingmu Digital Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Qingmu Digital Technology Co Total Assets Historical Data

The historical data trend for Qingmu Digital Technology Co'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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Qingmu Digital Technology Co Total Assets Chart

Qingmu Digital Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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217.97

392.68

598.68

1,603.70

1,583.42

Qingmu Digital Technology Co Quarterly Data
	Dec17	Dec18	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															1,563.26	1,551.85	1,531.96	1,583.42	1,563.48

Qingmu Digital Technology Co 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.

Qingmu Digital Technology Co'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 )
	=	1423.582	+	159.837
	=	1,583.4

Qingmu Digital Technology Co'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 )
	=	1431.1	+	132.379
	=	1,563.5

Qingmu Digital Technology Co (SZSE:301110) Total Assets Explanation

Total Assets is connected with ROA %.

Qingmu Digital Technology Co'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 )
	=	96.676	/	( (1583.419	+	1563.48)	/ 2 )
	=	96.676	/	1573.4495
	=	6.14 %

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.

Qingmu Digital Technology Co'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 )
=	226.324	/	( (1583.419	+	1563.48)	/ 2 )
=	226.324	/	1573.4495
=	0.14

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.

Qingmu Digital Technology Co Total Assets Related Terms

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Qingmu Digital Technology Co (SZSE:301110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Qingmu Digital Technology Co Ltd (SZSE:301110) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 001, No. 32, Donghai Street South, Fenghe Jiangbei Village, Haizhu District, Guangdong Province, Guangzhou, CHN, 510310

Website

https://www.qingmutec.com

Qingmu Digital Technology Co Ltd is involved in the E-commerce sales services, brand digital marketing, technology solutions and consumer operation services.

Qingmu Digital Technology Co (SZSE:301110) Headlines

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