Qifu Technology's Total Assets for the quarter that ended in Dec. 2023 was $6,417 Mil.
During the past 12 months, Qifu Technology's average Total Assets Growth Rate was 20.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 22.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 64.30% per year.
During the past 8 years, Qifu Technology's highest 3-Year average Total Assets Growth Rate was 500.00%. The lowest was 22.20%. And the median was 84.15%.
The historical data trend for Qifu Technology'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.
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.
Qifu Technology's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Qifu Technology (NAS:QFIN) Total Assets Explanation
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.
Qifu Technology's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
Qifu Technology Total Assets Related Terms
Thank you for viewing the detailed overview of Qifu Technology's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Qifu Technology (Qifu Technology) Business Description
Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
QFIN has been successfully added to your 