FLX (BingEx) Total Assets : $131.0 Mil (As of Sep. 2024)

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What is BingEx Total Assets?

BingEx's Total Assets for the quarter that ended in Sep. 2024 was $131.0 Mil.

During the past 12 months, BingEx's average Total Assets Growth Rate was 233.50% per year. During the past 3 years, the average Total Assets Growth Rate was 25.30% per year.

During the past 6 years, BingEx's highest 3-Year average Total Assets Growth Rate was 25.30%. The lowest was 24.20%. And the median was 24.75%.

Total Assets is connected with ROA %. BingEx's annualized ROA % for the quarter that ended in Sep. 2024 was 9.96%. Total Assets is also linked to Revenue through Asset Turnover. BingEx's Asset Turnover for the quarter that ended in Sep. 2024 was 1.21.

BingEx Total Assets Historical Data

The historical data trend for BingEx'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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BingEx Total Assets Chart

BingEx Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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55.90

142.51

132.35

140.15

169.69

BingEx Quarterly Data
	Dec19	Mar20	Dec20	Mar21	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial										140.15	133.77	139.63	130.98	169.69

BingEx 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.

BingEx'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 )
	=	-340.565	+	480.711
	=	140.1

BingEx's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	-335.613	+	466.597
	=	131.0

BingEx (NAS:FLX) Total Assets Explanation

Total Assets is connected with ROA %.

BingEx's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	13.472	/	( (139.627	+	130.983)	/ 2 )
	=	13.472	/	135.305
	=	9.96 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) 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.

BingEx's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	163.198	/	( (139.627	+	130.983)	/ 2 )
=	163.198	/	135.305
=	1.21

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.

BingEx Total Assets Related Terms

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BingEx Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BingEx Ltd (NAS:FLX) » Definitions » Total Assets

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Address

No.1 Yongtaizhuang North Road, Zhongguancun Dongsheng International Science Park, Haidian District, Beijing, CHN, 100192

Website

http://www.ishansong.com

BingEx Ltd provides on-demand dedicated courier services for individual and business customers with superior time certainty, delivery safety and service quality. The company brands its services as FlashEx, which means delivery in a flash. The Group's principal operations and geographic markets are in the People's Republic of China (PRC).