Ninetowns Internet Technology Group Co (FRA:NQU) Total Assets : €164.71 Mil (As of Dec. 2013)

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What is Ninetowns Internet Technology Group Co Total Assets?

Ninetowns Internet Technology Group Co's Total Assets for the quarter that ended in Dec. 2013 was €164.71 Mil.

Total Assets is connected with ROA %. Ninetowns Internet Technology Group Co's annualized ROA % for the quarter that ended in Dec. 2013 was -0.99%. Total Assets is also linked to Revenue through Asset Turnover. Ninetowns Internet Technology Group Co's Asset Turnover for the quarter that ended in Dec. 2013 was 0.08.

Ninetowns Internet Technology Group Co Total Assets Historical Data

The historical data trend for Ninetowns Internet Technology Group 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.

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Ninetowns Internet Technology Group Co Total Assets Chart

Ninetowns Internet Technology Group Co Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Assets

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98.43

112.51

153.50

170.68

164.71

Ninetowns Internet Technology Group Co Semi-Annual Data
	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Total Assets	Get a 7-Day Free Trial								98.43	112.51	153.50	170.68	164.71

Ninetowns Internet Technology Group 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.

Ninetowns Internet Technology Group Co's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (A: Dec. 2013 )	+	Total Liabilities (A: Dec. 2013 )
	=	123.558	+	41.147
	=	164.71

Ninetowns Internet Technology Group Co's Total Assets for the quarter that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2013 )	+	Total Liabilities (Q: Dec. 2013 )
	=	123.558	+	41.147
	=	164.71

Ninetowns Internet Technology Group Co (FRA:NQU) Total Assets Explanation

Total Assets is connected with ROA %.

Ninetowns Internet Technology Group Co's annualized ROA % for the quarter that ended in Dec. 2013 is

ROA %	=	Net Income (Q: Dec. 2013 )	/	( (Total Assets (Q: Dec. 2012 )	+	Total Assets (Q: Dec. 2013 ))	/ count )
	=	-1.668	/	( (170.677	+	164.705)	/ 2 )
	=	-1.668	/	167.691
	=	-0.99 %

Note: The Net Income data used here is one times the annual (Dec. 2013) 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.

Ninetowns Internet Technology Group Co's Asset Turnover for the quarter that ended in Dec. 2013 is

	Asset Turnover
=	Revenue (Q: Dec. 2013 )	/	( (Total Assets (Q: Dec. 2012 )	+	Total Assets (Q: Dec. 2013 ))	/ count )
=	12.962	/	( (170.677	+	164.705)	/ 2 )
=	12.962	/	167.691
=	0.08

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.

Ninetowns Internet Technology Group Co Total Assets Related Terms

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Ninetowns Internet Technology Group Co (FRA:NQU) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ninetowns Internet Technology Group Co Ltd (FRA:NQU) » Definitions » Total Assets

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Website

http://www.ninetowns.com

Ninetowns Internet Technology Group Co Ltd was incorporated in the Cayman Islands as a limited liability company on February 8, 2002 as "Ninetowns Digital World Trade Technology Holdings Limited". It changed its name to "Ninetowns Digital World Trade One Technology Holdings Limited" on June 14, 2002 and then to "Ninetowns Digital World Trade Holdings Limited" on April 7, 2003. The Company is a PRC software company that enables enterprises and trade-related PRC government agencies to streamline the import/export process in China. Its enterprise software products consist of standardized, easy-to-install applications that simplify the declaration and approval process for international trade enterprises in China. Its enterprise software automates and facilitates the processing of the required import/export declarations and approvals in a cost-efficient, user-friendly and legally-compliant manner over the Internet, utilizing an electronic infrastructure it helped build that links together numerous branch offices of the PRC Inspections Administration. Through its software development services, it assists in the development and maintenance of the software systems used to process electronic filings by the PRC Inspections Administration and the data exchange platforms which serve as the interface between such systems and its enterprise software users.

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