JOYY (YY) Total Assets : $8,449 Mil (As of Sep. 2023)

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What is JOYY Total Assets?

JOYY's Total Assets for the quarter that ended in Sep. 2023 was $8,449 Mil.

Warning Sign:

If a company builds assets at 40.3% a year, faster than its revenue growth rate of 30.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, JOYY's average Total Assets Growth Rate was -8.10% per year. During the past 3 years, the average Total Assets Growth Rate was -0.20% per year. During the past 5 years, the average Total Assets Growth Rate was 40.30% per year. During the past 10 years, the average Total Assets Growth Rate was 61.70% per year.

During the past 13 years, JOYY's highest 3-Year average Total Assets Growth Rate was 148.30%. The lowest was -0.20%. And the median was 79.15%.

Total Assets is connected with ROA %. JOYY's annualized ROA % for the quarter that ended in Sep. 2023 was 3.46%. Total Assets is also linked to Revenue through Asset Turnover. JOYY's Asset Turnover for the quarter that ended in Sep. 2023 was 0.07.

JOYY Total Assets Historical Data

The historical data trend for JOYY'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.

JOYY Total Assets Chart

JOYY Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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3,745.90

7,461.91

8,094.96

9,120.01

9,071.65

JOYY Quarterly Data
	Dec18	Mar19	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															9,393.24	9,071.65	9,106.48	8,420.79	8,449.18

JOYY 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.

JOYY'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 )
	=	5411.366	+	3660.287
	=	9,072

JOYY'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 )
	=	5286.438	+	3162.745
	=	8,449

JOYY (NAS:YY) Total Assets Explanation

Total Assets is connected with ROA %.

JOYY'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 )
	=	291.568	/	( (8420.79	+	8449.183)	/ 2 )
	=	291.568	/	8434.9865
	=	3.46 %

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.

JOYY'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 )
=	567.069	/	( (8420.79	+	8449.183)	/ 2 )
=	567.069	/	8434.9865
=	0.07

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.

JOYY Total Assets Related Terms

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JOYY (YY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » JOYY Inc (NAS:YY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

YY:Mexico 0VVY:UK 0YYA:Germany

Address

30 Pasir Panjang Road, No. 15-31A, Mapletree Business City, Singapore, SGP, 117440

Website

https://ir.joyy.sg

JOYY Inc is a global technology company offering comprehensive innovation capabilities. The company enables users to interact with others in real time. The group is actively exploring and expanding its global commerce Software-as-a-Service and solutions business. JOYY emphasizes technological innovation and is recognized in the industry for its significant number of patent applications and licenses.