AGM Group Holdings (AGM Group Holdings) Total Assets : $136.1 Mil (As of Jun. 2023)

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What is AGM Group Holdings Total Assets?

AGM Group Holdings's Total Assets for the quarter that ended in Jun. 2023 was $136.1 Mil.

Warning Sign:

If a company builds assets at 81.7% a year, faster than its revenue growth rate of 67.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, AGM Group Holdings's average Total Assets Growth Rate was 414.10% per year. During the past 3 years, the average Total Assets Growth Rate was 110.20% per year. During the past 5 years, the average Total Assets Growth Rate was 81.70% per year.

During the past 7 years, AGM Group Holdings's highest 3-Year average Total Assets Growth Rate was 313.40%. The lowest was -34.80%. And the median was 69.15%.

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

AGM Group Holdings Total Assets Historical Data

The historical data trend for AGM Group Holdings'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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AGM Group Holdings Total Assets Chart

AGM Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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8.85

14.51

6.23

88.02

125.23

AGM Group Holdings Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial											27.14	88.02	137.34	125.23	136.07

AGM Group Holdings 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.

AGM Group Holdings'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 )
	=	30.444	+	94.786
	=	125.2

AGM Group Holdings'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 )
	=	43.147	+	92.922
	=	136.1

AGM Group Holdings (NAS:AGMH) Total Assets Explanation

Total Assets is connected with ROA %.

AGM Group Holdings'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	/	( (125.23	+	136.069)	/ 2 )
	=	0	/	130.6495
	=	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.

AGM Group Holdings'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	/	( (125.23	+	136.069)	/ 2 )
=	0	/	130.6495
=	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.

AGM Group Holdings Total Assets Related Terms

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AGM Group Holdings (AGM Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AGM Group Holdings Inc (NAS:AGMH) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

C/o Creative Consultants (Hong Kong) Limited, 185 Wanchai Road, Room 1502-3, 15th Floor, Connuaght Commercial Building, Wanchai, Hong Kong, HKG

Website

http://www.agmprime.com

AGM Group Holdings Inc is an investment holding company. The company focuses on blockchain-oriented ASIC chip design; high-end crypto miner production and fintech technology software service. It generates maximum revenue from the sale of cryptocurrency mining machines and standardized computing equipment.