GoFintech Quantum Innovation (HKSE:00290) Total Assets : HK$1,269.64 Mil (As of Sep. 2024)

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What is GoFintech Quantum Innovation Total Assets?

GoFintech Quantum Innovation's Total Assets for the quarter that ended in Sep. 2024 was HK$1,269.64 Mil.

During the past 12 months, GoFintech Quantum Innovation's average Total Assets Growth Rate was 233.50% per year. During the past 3 years, the average Total Assets Growth Rate was 2.10% per year. During the past 5 years, the average Total Assets Growth Rate was -14.70% per year. During the past 10 years, the average Total Assets Growth Rate was 2.60% per year.

During the past 13 years, GoFintech Quantum Innovation's highest 3-Year average Total Assets Growth Rate was 216.00%. The lowest was -59.10%. And the median was -0.40%.

Total Assets is connected with ROA %. GoFintech Quantum Innovation's annualized ROA % for the quarter that ended in Sep. 2024 was -1.85%. Total Assets is also linked to Revenue through Asset Turnover. GoFintech Quantum Innovation's Asset Turnover for the quarter that ended in Sep. 2024 was 0.02.

GoFintech Quantum Innovation Total Assets Historical Data

The historical data trend for GoFintech Quantum Innovation'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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GoFintech Quantum Innovation Total Assets Chart

GoFintech Quantum Innovation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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1,166.73

955.44

604.61

475.76

1,092.19

GoFintech Quantum Innovation Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Total Assets	Get a 7-Day Free Trial															492.90	475.76	487.84	1,092.19	1,269.64

GoFintech Quantum Innovation 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.

GoFintech Quantum Innovation's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	786.843	+	305.348
	=	1,092.19

GoFintech Quantum Innovation'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 )
	=	1041.887	+	227.748
	=	1,269.64

GoFintech Quantum Innovation (HKSE:00290) Total Assets Explanation

Total Assets is connected with ROA %.

GoFintech Quantum Innovation's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-21.818	/	( (1092.191	+	1269.635)	/ 2 )
	=	-21.818	/	1180.913
	=	-1.85 %

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

GoFintech Quantum Innovation's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	22.016	/	( (1092.191	+	1269.635)	/ 2 )
=	22.016	/	1180.913
=	0.02

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.

GoFintech Quantum Innovation Total Assets Related Terms

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GoFintech Quantum Innovation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GoFintech Quantum Innovation Ltd (HKSE:00290) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, 41st Floor COSCO Tower, Room 4102-06, Hong Kong, HKG

Website

https://www.290.com.hk

GoFintech Quantum Innovation Ltd Formerly GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong backed by the Greater Bay Area. The company's reportable and operating segments are; Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and Insurance brokerage, Asset management, and Equity investment. It generates maximum revenue from the Securities brokerage and margin financing segment which engages in securities brokerage and margin financing in Hong Kong. Geographically, the company derives a majority of its revenue from Hong Kong and the rest from the People's Republic of China.

Executives

Wang Tao	2101 Beneficial owner
Ps Trust Limited	2301 Trustee
Gofintech Esop Limited
Liu Zhiwei	2101 Beneficial owner
Star Banner Development Company Limited	2101 Beneficial owner
Yu Dongge	2101 Beneficial owner
Riverhead Capital (international) Management Co., Ltd.	2101 Beneficial owner
Sun Zhuyin	2202 Interest of your spouse
Xie Zhichun	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Liberal Expansion Limited	2201 Interest of corporation controlled by you
Whole Advance Limited	2201 Interest of corporation controlled by you
Zhao Xu Guang	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Jadehero Limited	2101 Beneficial owner

GoFintech Quantum Innovation Headlines

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