Able View Global (Able View Global) Total Assets : $54.9 Mil (As of Dec. 2023)

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What is Able View Global Total Assets?

Able View Global's Total Assets for the quarter that ended in Dec. 2023 was $54.9 Mil.

During the past 12 months, Able View Global's average Total Assets Growth Rate was -14.90% per year. During the past 3 years, the average Total Assets Growth Rate was 46.40% per year.

During the past 4 years, Able View Global's highest 3-Year average Total Assets Growth Rate was 46.40%. The lowest was 46.40%. And the median was 46.40%.

Total Assets is connected with ROA %. Able View Global's annualized ROA % for the quarter that ended in Dec. 2023 was 14.43%. Total Assets is also linked to Revenue through Asset Turnover. Able View Global's Asset Turnover for the quarter that ended in Dec. 2023 was 1.18.

Able View Global Total Assets Historical Data

The historical data trend for Able View Global'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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Able View Global Total Assets Chart

Able View Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

17.55

36.57

54.62

54.91

Able View Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			36.57	48.47	54.62	58.79	54.91

Able View Global 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.

Able View Global'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 )
	=	11.416	+	43.491
	=	54.9

Able View Global'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 )
	=	11.416	+	43.491
	=	54.9

Able View Global (NAS:ABLV) Total Assets Explanation

Total Assets is connected with ROA %.

Able View Global's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	8.202	/	( (58.792	+	54.907)	/ 2 )
	=	8.202	/	56.8495
	=	14.43 %

Note: The Net Income data used here is two times the semi-annual (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.

Able View Global's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	67.336	/	( (58.792	+	54.907)	/ 2 )
=	67.336	/	56.8495
=	1.18

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.

Able View Global Total Assets Related Terms

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Able View Global (Able View Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Able View Global Inc (NAS:ABLV) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Middle Xizang Road, Floor 16, Dushi Headquarters Building, Shanghai, CHN, 200001

Website

Able View Global Inc operates as a brand management partner of international beauty and personal care brands in China. It provides full-service solutions covering marketing strategy, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfillment. The firm generates revenue from product sales by distributing and selling cross-border products from various global brand owners to Chinese consumers.

Able View Global (Able View Global) Headlines

From GuruFocus

Able View Global Inc. Reports Fiscal Year 2023 Results

By ACCESSWIRE • 05-01-2024