Qing Cloud Technologies (SHSE:688316) Total Assets : ¥521.7 Mil (As of Sep. 2023)

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What is Qing Cloud Technologies Total Assets?

Qing Cloud Technologies's Total Assets for the quarter that ended in Sep. 2023 was ¥521.7 Mil.

During the past 12 months, Qing Cloud Technologies's average Total Assets Growth Rate was -30.00% per year. During the past 3 years, the average Total Assets Growth Rate was 4.80% per year. During the past 5 years, the average Total Assets Growth Rate was -3.20% per year.

During the past 6 years, Qing Cloud Technologies's highest 3-Year average Total Assets Growth Rate was 16.20%. The lowest was -19.70%. And the median was 4.80%.

Total Assets is connected with ROA %. Qing Cloud Technologies's annualized ROA % for the quarter that ended in Sep. 2023 was -30.54%. Total Assets is also linked to Revenue through Asset Turnover. Qing Cloud Technologies's Asset Turnover for the quarter that ended in Sep. 2023 was 0.15.

Qing Cloud Technologies Total Assets Historical Data

The historical data trend for Qing Cloud Technologies'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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Qing Cloud Technologies Total Assets Chart

Qing Cloud Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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1,225.54

442.14

386.50

922.84

600.30

Qing Cloud Technologies Quarterly Data
	Dec17	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															670.72	600.30	554.14	559.75	521.74

Qing Cloud Technologies 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.

Qing Cloud Technologies'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 )
	=	329.955	+	270.348
	=	600.3

Qing Cloud Technologies's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	226.574	+	295.169
	=	521.7

Qing Cloud Technologies (SHSE:688316) Total Assets Explanation

Total Assets is connected with ROA %.

Qing Cloud Technologies's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-165.152	/	( (559.751	+	521.743)	/ 2 )
	=	-165.152	/	540.747
	=	-30.54 %

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

Qing Cloud Technologies's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	81.838	/	( (559.751	+	521.743)	/ 2 )
=	81.838	/	540.747
=	0.15

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.

Qing Cloud Technologies Total Assets Related Terms

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Qing Cloud Technologies (SHSE:688316) Business Description

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Address

No. 36, Chuangyuan Road, Room 601, 6th Floor, Building 16, Chaoyang District, Beijing, CHN, 100020

Website

https://www.qingcloud.com

Qing Cloud Technologies Corp is a technology enterprise level cloud service provider and digital transformation solution provider. It is committed towards providing a solid foundation for the efficient operation of the digital world through a set of independent innovation, neutral, reliable, flexible and open full-dimensional cloud platform.

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