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WiMi Hologram Cloud Total Assets

: $99.23 Mil (As of Jun. 2020)
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WiMi Hologram Cloud's Total Assets for the quarter that ended in Jun. 2020 was $99.23 Mil.

During the past 12 months, WiMi Hologram Cloud's average Total Assets Growth Rate was 47.40% per year.

Total Assets is connected with ROA %. WiMi Hologram Cloud's annualized ROA % for the quarter that ended in Jun. 2020 was 7.20%. Total Assets is also linked to Revenue through Asset Turnover. WiMi Hologram Cloud's Asset Turnover for the quarter that ended in Jun. 2020 was 0.27.


WiMi Hologram Cloud Total Assets Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

WiMi Hologram Cloud Annual Data
Dec17 Dec18 Dec19
Total Assets 69.39 88.25 80.34

WiMi Hologram Cloud Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Total Assets Premium Member Only 0.00 88.25 86.32 80.34 99.23

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. 2019 is calculated as

Total Assets=Total Equity (A: Dec. 2019 )+Total Liabilities (A: Dec. 2019 )
=60.26990033791+20.072572251451
=80.34

WiMi Hologram Cloud's Total Assets for the quarter that ended in Jun. 2020 is calculated as

Total Assets=Total Equity (Q: Jun. 2020 )+Total Liabilities (Q: Jun. 2020 )
=87.360342295526+11.873587889742
=99.23

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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 Jun. 2020 is

ROA %=Net Income (Q: Jun. 2020 )/( (Total Assets (Q: Dec. 2019 )+Total Assets (Q: Jun. 2020 ))/ count )
=6.4671825576141/( (80.342615167458+99.233788974243)/ 2 )
=6.4671825576141/89.788202070851
=7.20 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2020) 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 Jun. 2020 is

Asset Turnover
=Revenue (Q: Jun. 2020 )/( (Total Assets (Q: Dec. 2019 )+Total Assets (Q: Jun. 2020 ))/ count )
=24.123926796204/( (80.342615167458+99.233788974243)/ 2 )
=24.123926796204/89.788202070851
=0.27

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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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