17 Education & Technology Group (17 Education & Technology Group) Total Assets : $95.87 Mil (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is 17 Education & Technology Group Total Assets?

17 Education & Technology Group's Total Assets for the quarter that ended in Dec. 2023 was $95.87 Mil.

During the past 12 months, 17 Education & Technology Group's average Total Assets Growth Rate was -19.80% per year. During the past 3 years, the average Total Assets Growth Rate was -30.00% per year. During the past 5 years, the average Total Assets Growth Rate was 1.30% per year.

During the past 6 years, 17 Education & Technology Group's highest 3-Year average Total Assets Growth Rate was 36.90%. The lowest was -30.00%. And the median was -1.30%.

Total Assets is connected with ROA %. 17 Education & Technology Group's annualized ROA % for the quarter that ended in Dec. 2023 was -53.84%. Total Assets is also linked to Revenue through Asset Turnover. 17 Education & Technology Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

17 Education & Technology Group Total Assets Historical Data

The historical data trend for 17 Education & Technology Group'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.

* Premium members only.

17 Education & Technology Group Total Assets Chart

17 Education & Technology Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

130.93

518.37

248.13

140.64

95.87

17 Education & Technology Group Quarterly Data
	Dec18	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														140.64	130.10	117.55	109.00	95.87

17 Education & Technology Group 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.

17 Education & Technology Group'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 )
	=	69.223	+	26.646
	=	95.87

17 Education & Technology Group'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 )
	=	69.223	+	26.646
	=	95.87

17 Education & Technology Group (NAS:YQ) Total Assets Explanation

Total Assets is connected with ROA %.

17 Education & Technology Group'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 )
	=	-55.148	/	( (108.997	+	95.869)	/ 2 )
	=	-55.148	/	102.433
	=	-53.84 %

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.

17 Education & Technology Group'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 )
=	6.631	/	( (108.997	+	95.869)	/ 2 )
=	6.631	/	102.433
=	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.

17 Education & Technology Group Total Assets Related Terms

Thank you for viewing the detailed overview of 17 Education & Technology Group's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

17 Education & Technology Group (17 Education & Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 17 Education & Technology Group Inc (NAS:YQ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjing Greenland Center, 16th Floor, Block B, Chaoyang District, Beijing, CHN, 100102

Website

https://ucenter.17zuoye.com

17 Education & Technology Group Inc is an education technology company in China. It offers to assist students, teachers, schoolmasters, and educational authorities across China to achieve data-driven teaching, learning, and assessment. Geographically group operates in China.