Fresh2 Group (Fresh2 Group) Total Assets : $24.89 Mil (As of Jun. 2023)

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What is Fresh2 Group Total Assets?

Fresh2 Group's Total Assets for the quarter that ended in Jun. 2023 was $24.89 Mil.

During the past 12 months, Fresh2 Group's average Total Assets Growth Rate was 133.20% per year. During the past 3 years, the average Total Assets Growth Rate was -6.10% per year.

During the past 6 years, Fresh2 Group's highest 3-Year average Total Assets Growth Rate was 16.40%. The lowest was -6.10%. And the median was -1.00%.

Total Assets is connected with ROA %. Fresh2 Group's annualized ROA % for the quarter that ended in Jun. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Fresh2 Group's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Fresh2 Group Total Assets Historical Data

The historical data trend for Fresh2 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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Fresh2 Group Total Assets Chart

Fresh2 Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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7.67

7.55

7.63

10.60

5.81

Fresh2 Group Quarterly Data
	Dec17	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial														10.71	9.13	9.47	5.81	24.89

Fresh2 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.

Fresh2 Group's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-1.349	+	7.154
	=	5.81

Fresh2 Group's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	15.648	+	9.237
	=	24.89

Fresh2 Group (NAS:FRES) Total Assets Explanation

Total Assets is connected with ROA %.

Fresh2 Group's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	0	/	( (5.805	+	24.885)	/ 2 )
	=	0	/	15.345
	=	0.00 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Fresh2 Group's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (5.805	+	24.885)	/ 2 )
=	0	/	15.345
=	0.00

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.

Fresh2 Group Total Assets Related Terms

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Fresh2 Group (Fresh2 Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Fresh2 Group Ltd (NAS:FRES) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

0UC0:Germany

Address

650 5TH Avenue, Street 2416, NEW YORK, NY, USA, 10019-6108

Website

https://www.fresh2.co

Fresh2 Group Ltd is a biotechnology company. It focuses on early cancer screening and detection. The company markets and sells a multi-cancer screening and detection test that uses its innovative patented CDA technology and its proprietary CDA device. In addition to early cancer screening and detection, its CDA technology has demonstrated the potential to assist physicians in cancer diagnosis, prognosis, and recurrence.