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Etao International Co (Etao International Co) Total Assets : $4.43 Mil (As of Jun. 2023)


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What is Etao International Co Total Assets?

Etao International Co's Total Assets for the quarter that ended in Jun. 2023 was $4.43 Mil.

During the past 12 months, Etao International Co's average Total Assets Growth Rate was -81.10% per year.

Total Assets is connected with ROA %. Etao International Co's annualized ROA % for the quarter that ended in Jun. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Etao International Co's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Etao International Co Total Assets Historical Data

The historical data trend for Etao International Co'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.

Etao International Co Total Assets Chart

Etao International Co Annual Data
Trend Dec21 Dec22
Total Assets
222.11 52.99

Etao International Co Quarterly Data
Sep21 Dec21 Jun22 Sep22 Dec22 Jun23
Total Assets Get a 7-Day Free Trial 222.11 - 54.47 52.99 4.43

Etao International Co 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.

Etao International Co'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 )
=-5.98+58.97
=52.99

Etao International Co's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (Q: Jun. 2023 )+Total Liabilities (Q: Jun. 2023 )
=1.532+2.896
=4.43

* 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.

Etao International Co  (OTCPK:ETAOF) Total Assets Explanation

Total Assets is connected with ROA %.

Etao International Co's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %=Net Income (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=0/( (52.99+4.429)/ 2 )
=0/28.7095
=0.00 %

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

Etao International Co's Asset Turnover for the quarter that ended in Jun. 2023 is

Asset Turnover
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=0/( (52.99+4.429)/ 2 )
=0/28.7095
=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.

Etao International Co Total Assets Related Terms

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Etao International Co (Etao International Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Etao International Co Ltd (OTCPK:ETAOF) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
1460 Broadway, 14th Floor, New York, NY, USA, 10036
Website
https://www.etao.world
Etao International Co Ltd is a digital healthcare group providing medical care and biomedical technologies to patients in China. It provides a comprehensive healthcare service consisting of both online and offline capabilities. These services include online health insurance and pharmacy, digital diabetes management, and biotech. Offline healthcare services include hospital and specialty clinics, such as infertility, orthopedic surgery, plastic surgery, and primary care.