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HAO (Haoxi Health Technology) Total Assets : $15.51 Mil (As of Jun. 2024)


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What is Haoxi Health Technology Total Assets?

Haoxi Health Technology's Total Assets for the quarter that ended in Jun. 2024 was $15.51 Mil.

During the past 12 months, Haoxi Health Technology's average Total Assets Growth Rate was 171.40% per year. During the past 3 years, the average Total Assets Growth Rate was 47.50% per year.

During the past 4 years, Haoxi Health Technology's highest 3-Year average Total Assets Growth Rate was 47.50%. The lowest was 47.50%. And the median was 47.50%.

Total Assets is connected with ROA %. Haoxi Health Technology's annualized ROA % for the quarter that ended in Jun. 2024 was 9.80%. Total Assets is also linked to Revenue through Asset Turnover. Haoxi Health Technology's Asset Turnover for the quarter that ended in Jun. 2024 was 2.31.

Haoxi Health Technology Total Assets Historical Data

The historical data trend for Haoxi Health 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.

Haoxi Health Technology Total Assets Chart

Haoxi Health Technology Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Total Assets
4.81 0.54 4.46 15.51

Haoxi Health Technology Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial 0.54 3.00 4.46 6.18 15.51

Haoxi Health 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.

Haoxi Health Technology's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (A: Jun. 2024 )+Total Liabilities (A: Jun. 2024 )
=11.272+4.235
=15.51

Haoxi Health Technology's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=11.272+4.235
=15.51

* 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.

Haoxi Health Technology  (NAS:HAO) Total Assets Explanation

Total Assets is connected with ROA %.

Haoxi Health Technology's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=1.062/( (6.175+15.507)/ 2 )
=1.062/10.841
=9.80 %

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

Haoxi Health Technology's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=25.016/( (6.175+15.507)/ 2 )
=25.016/10.841
=2.31

* 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.

Haoxi Health Technology Total Assets Related Terms

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Haoxi Health Technology Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Haoxi Health Technology Ltd (NAS:HAO) » Definitions » Total Assets
Comparable Companies
VSME BAOS CNET ANTE LKCO TC NWCN MMND LDWY DBMM XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 TSE:4751 XPAR:DEC SZSE:002131 SZSE:300058
Traded in Other Exchanges
N/A
Address
Room 801, Tower C, Floor 8, Building 103, Building 103, Huizhongli, Chaoyang, Beijing, CHN
Website
https://www.haoximedia.com
Haoxi Health Technology Ltd is an online marketing solution provider in China, with an advertiser client base mainly in the healthcare industry. Haoxi has been rooted in the field of local online effect marketing for many years, serving customers in various industries at home and abroad, and its main business is the medical industry. It generates its revenue by providing one-stop online marketing solutions, in particular online short video marketing solutions, to advertisers through its media partners. The company provides customized marketing solutions by planning, producing, placing, and optimizing online ads, especially online short video ads, to help its advertisers acquire, convert, and retain ultimate consumers on various online media platforms.