Luokung Technology (FRA:78IB) Total Assets : €185.67 Mil (As of Jun. 2023)

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What is Luokung Technology Total Assets?

Luokung Technology's Total Assets for the quarter that ended in Jun. 2023 was €185.67 Mil.

Warning Sign:

If a company builds assets at 52.4% a year, faster than its revenue growth rate of 12.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Luokung Technology's average Total Assets Growth Rate was -20.30% per year. During the past 3 years, the average Total Assets Growth Rate was 26.70% per year. During the past 5 years, the average Total Assets Growth Rate was 52.40% per year. During the past 10 years, the average Total Assets Growth Rate was 31.00% per year.

During the past 13 years, Luokung Technology's highest 3-Year average Total Assets Growth Rate was 80.10%. The lowest was -8.40%. And the median was 16.25%.

Total Assets is connected with ROA %. Luokung Technology's annualized ROA % for the quarter that ended in Jun. 2023 was -20.11%. Total Assets is also linked to Revenue through Asset Turnover. Luokung Technology's Asset Turnover for the quarter that ended in Jun. 2023 was 0.03.

Luokung Technology Total Assets Historical Data

The historical data trend for Luokung 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.

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Luokung Technology Total Assets Chart

Luokung Technology Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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85.33

106.11

106.19

234.69

220.55

Luokung Technology Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial															193.91	234.69	238.39	220.55	185.67

Luokung 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.

Luokung Technology'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 )
	=	117.155	+	103.398
	=	220.55

Luokung Technology'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 )
	=	88.431	+	97.241
	=	185.67

Luokung Technology (FRA:78IB) Total Assets Explanation

Total Assets is connected with ROA %.

Luokung Technology'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 )
	=	-40.854	/	( (220.553	+	185.671)	/ 2 )
	=	-40.854	/	203.112
	=	-20.11 %

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

Luokung Technology'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 )
=	5.721	/	( (220.553	+	185.671)	/ 2 )
=	5.721	/	203.112
=	0.03

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.

Luokung Technology Total Assets Related Terms

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Luokung Technology (FRA:78IB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Luokung Technology Corp (FRA:78IB) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

LKCO:USA

Address

No. 9, Guanghua Road, Miss. Qinyu Zhao B9-8, Block B, SOHO Phase II, Chaoyang District, Beijing, CHN, 100020

Website

https://www.luokung.com

Luokung Technology Corp is a mobile service and technology provider for the long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific, and social services.

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