Lufax Holding (Lufax Holding) Total Assets : $31,925 Mil (As of Mar. 2024)

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What is Lufax Holding Total Assets?

Lufax Holding's Total Assets for the quarter that ended in Mar. 2024 was $31,925 Mil.

During the past 12 months, Lufax Holding's average Total Assets Growth Rate was -33.60% per year. During the past 3 years, the average Total Assets Growth Rate was -7.00% per year. During the past 5 years, the average Total Assets Growth Rate was 18.60% per year.

During the past 8 years, Lufax Holding's highest 3-Year average Total Assets Growth Rate was 52.60%. The lowest was -7.00%. And the median was 12.60%.

Total Assets is connected with ROA %. Lufax Holding's annualized ROA % for the quarter that ended in Mar. 2024 was -1.48%. Total Assets is also linked to Revenue through Asset Turnover. Lufax Holding's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Lufax Holding Total Assets Historical Data

The historical data trend for Lufax Holding'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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Lufax Holding Total Assets Chart

Lufax Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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21,320.20

38,060.69

56,589.18

50,097.22

33,195.57

Lufax Holding Quarterly Data
	Jun19	Sep19	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															47,250.25	39,221.58	35,513.88	33,195.57	31,924.72

Lufax Holding 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.

Lufax Holding'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 )
	=	13120.61	+	20074.96
	=	33,196

Lufax Holding'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 )
	=	12889.701	+	19035.016
	=	31,925

Lufax Holding (NYSE:LU) Total Assets Explanation

Total Assets is connected with ROA %.

Lufax Holding'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 )
	=	-483.488	/	( (33195.57	+	31924.717)	/ 2 )
	=	-483.488	/	32560.1435
	=	-1.48 %

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.

Lufax Holding'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 )
=	774.683	/	( (33195.57	+	31924.717)	/ 2 )
=	774.683	/	32560.1435
=	0.02

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.

Lufax Holding Total Assets Related Terms

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Lufax Holding (Lufax Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Lufax Holding Ltd (NYSE:LU) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

06623:Hong Kong 0VU1:Germany

Address

Jinxiu East Road, Lane 2777, Pudong New District, Shanghai, CHN

Website

https://www.lu.com

Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.