Fortune Valley Treasures (Fortune Valley Treasures) Total Assets : $6.25 Mil (As of Dec. 2023)

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What is Fortune Valley Treasures Total Assets?

Fortune Valley Treasures's Total Assets for the quarter that ended in Dec. 2023 was $6.25 Mil.

During the past 12 months, Fortune Valley Treasures's average Total Assets Growth Rate was -34.70% per year. During the past 3 years, the average Total Assets Growth Rate was -14.10% per year. During the past 5 years, the average Total Assets Growth Rate was 116.80% per year.

During the past 9 years, Fortune Valley Treasures's highest 3-Year average Total Assets Growth Rate was 1061.90%. The lowest was -14.10%. And the median was 231.30%.

Total Assets is connected with ROA %. Fortune Valley Treasures's annualized ROA % for the quarter that ended in Dec. 2023 was -144.58%. Total Assets is also linked to Revenue through Asset Turnover. Fortune Valley Treasures's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Fortune Valley Treasures Total Assets Historical Data

The historical data trend for Fortune Valley Treasures'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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Fortune Valley Treasures Total Assets Chart

Fortune Valley Treasures Annual Data

Trend

Aug15

Aug16

Aug17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.19

9.66

11.69

9.29

6.25

Fortune Valley Treasures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															9.29	9.39	8.58	7.37	6.25

Fortune Valley Treasures 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.

Fortune Valley Treasures'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 )
	=	1.991	+	4.258
	=	6.25

Fortune Valley Treasures'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 )
	=	1.991	+	4.258
	=	6.25

Fortune Valley Treasures (OTCPK:FVTI) Total Assets Explanation

Total Assets is connected with ROA %.

Fortune Valley Treasures's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-9.848	/	( (7.374	+	6.249)	/ 2 )
	=	-9.848	/	6.8115
	=	-144.58 %

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

Fortune Valley Treasures's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.419	/	( (7.374	+	6.249)	/ 2 )
=	0.419	/	6.8115
=	0.06

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.

Fortune Valley Treasures Total Assets Related Terms

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Fortune Valley Treasures (Fortune Valley Treasures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fortune Valley Treasures Inc (OTCPK:FVTI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139 Liansheng Road, B1601 Oriental Impression Building 2, Humen Town, Dongguan, Guangdong, CHN, 523900

Website

http://www.fvti.show

Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.

Executives

Kaihong Lin	director, officer: CFO, Treasurer, Director	NO. 10 OF TUANJIE 2ND ROAD, BEICE, HUMEN, DONGGUAN, GUANGDONG F4 518000
Xinlong Shen	director, officer: CEO, CFO	19F, LIANHE TOWER, 1069 NANHAI AVE,, NANSHAN DISTRICT, SHENZHEN F4 518000

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