WiMi Hologram Cloud (WiMi Hologram Cloud) Total Assets : $144.40 Mil (As of Dec. 2023)

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What is WiMi Hologram Cloud Total Assets?

WiMi Hologram Cloud's Total Assets for the quarter that ended in Dec. 2023 was $144.40 Mil.

During the past 12 months, WiMi Hologram Cloud's average Total Assets Growth Rate was -61.30% per year. During the past 3 years, the average Total Assets Growth Rate was -33.00% per year. During the past 5 years, the average Total Assets Growth Rate was -5.20% per year.

During the past 7 years, WiMi Hologram Cloud's highest 3-Year average Total Assets Growth Rate was 21.20%. The lowest was -33.00%. And the median was 17.05%.

Total Assets is connected with ROA %. WiMi Hologram Cloud's annualized ROA % for the quarter that ended in Dec. 2023 was -71.49%. Total Assets is also linked to Revenue through Asset Turnover. WiMi Hologram Cloud's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.

WiMi Hologram Cloud Total Assets Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud Total Assets Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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80.34

179.29

236.29

180.78

144.40

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial								236.29	222.09	180.78	183.94	144.40

WiMi Hologram Cloud 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.

WiMi Hologram Cloud'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 )
	=	106.656	+	37.739
	=	144.40

WiMi Hologram Cloud'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 )
	=	106.656	+	37.739
	=	144.40

WiMi Hologram Cloud (NAS:WIMI) Total Assets Explanation

Total Assets is connected with ROA %.

WiMi Hologram Cloud'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 )
	=	-117.362	/	( (183.94	+	144.395)	/ 2 )
	=	-117.362	/	164.1675
	=	-71.49 %

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.

WiMi Hologram Cloud'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 )
=	44.902	/	( (183.94	+	144.395)	/ 2 )
=	44.902	/	164.1675
=	0.27

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.

WiMi Hologram Cloud Total Assets Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Total Assets

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Traded in Other Exchanges

0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.