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CNRQ (China Soar Information Technology) Total Assets : $0.00 Mil (As of Apr. 2019)


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What is China Soar Information Technology Total Assets?

China Soar Information Technology's Total Assets for the quarter that ended in Apr. 2019 was $0.00 Mil.

Total Assets is connected with ROA %. China Soar Information Technology's annualized ROA % for the quarter that ended in Apr. 2019 was -3,200.00%. Total Assets is also linked to Revenue through Asset Turnover. China Soar Information Technology's Asset Turnover for the quarter that ended in Apr. 2019 was 0.00.


China Soar Information Technology Total Assets Historical Data

The historical data trend for China Soar Information 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.

* Premium members only.

China Soar Information Technology Total Assets Chart

China Soar Information Technology Annual Data
Trend Jul15 Jul16 Jul17 Jul18
Total Assets
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China Soar Information Technology Quarterly Data
Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.01 - -

China Soar Information Technology 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.

China Soar Information Technology's Total Assets for the fiscal year that ended in Jul. 2018 is calculated as

Total Assets=Total Equity (A: Jul. 2018 )+Total Liabilities (A: Jul. 2018 )
=-0.028+0.029
=0.00

China Soar Information Technology's Total Assets for the quarter that ended in Apr. 2019 is calculated as

Total Assets=Total Equity (Q: Apr. 2019 )+Total Liabilities (Q: Apr. 2019 )
=-0.02+0.021
=0.00

* 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.


China Soar Information Technology  (OTCPK:CNRQ) Total Assets Explanation

Total Assets is connected with ROA %.

China Soar Information Technology's annualized ROA % for the quarter that ended in Apr. 2019 is

ROA %=Net Income (Q: Apr. 2019 )/( (Total Assets (Q: Jan. 2019 )+Total Assets (Q: Apr. 2019 ))/ count )
=-0.032/( (0.001+0.001)/ 2 )
=-0.032/0.001
=-3,200.00 %

Note: The Net Income data used here is four times the quarterly (Apr. 2019) 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.

China Soar Information Technology's Asset Turnover for the quarter that ended in Apr. 2019 is

Asset Turnover
=Revenue (Q: Apr. 2019 )/( (Total Assets (Q: Jan. 2019 )+Total Assets (Q: Apr. 2019 ))/ count )
=0/( (0.001+0.001)/ 2 )
=0/0.001
=0.00

* 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.

China Soar Information Technology Total Assets Related Terms

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China Soar Information Technology Business Description

Traded in Other Exchanges
N/A
Address
191 Java Road, North Point, Room 803, 8th Floor, K.Wah Centre,, Hong Kong, HKG
Website
China Soar Information Technology Inc develops, markets, and sells Internet mobile application (MIMA) to entrepreneurs and small businesses in North America, South America, and Europe. It offers MIMA, a cloud platform that helps merchants to create a WEB/WAP e-commerce Website or cell phone client and enterprise mobile management information system.

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