Virscend Education Co (HKSE:01565) Total Assets : HK$4,593 Mil (As of Feb. 2024)

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What is Virscend Education Co Total Assets?

Virscend Education Co's Total Assets for the quarter that ended in Feb. 2024 was HK$4,593 Mil.

During the past 12 months, Virscend Education Co's average Total Assets Growth Rate was -1.00% per year. During the past 3 years, the average Total Assets Growth Rate was -15.00% per year. During the past 5 years, the average Total Assets Growth Rate was -3.40% per year.

During the past 10 years, Virscend Education Co's highest 3-Year average Total Assets Growth Rate was 19.30%. The lowest was -15.00%. And the median was 16.65%.

Total Assets is connected with ROA %. Virscend Education Co's annualized ROA % for the quarter that ended in Feb. 2024 was 1.45%. Total Assets is also linked to Revenue through Asset Turnover. Virscend Education Co's Asset Turnover for the quarter that ended in Feb. 2024 was 0.12.

Virscend Education Co Total Assets Historical Data

The historical data trend for Virscend Education 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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Virscend Education Co Total Assets Chart

Virscend Education Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Aug22

Aug23

Aug24

Total Assets

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7,043.66

8,993.58

4,576.05

4,896.72

4,873.56

Virscend Education Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Total Assets	Get a 7-Day Free Trial															4,576.05	4,342.81	4,896.72	4,592.91	4,873.56

Virscend Education 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.

Virscend Education Co's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	909.933	+	3986.782
	=	4,897

Virscend Education Co's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	923.313	+	3669.598
	=	4,593

Virscend Education Co (HKSE:01565) Total Assets Explanation

Total Assets is connected with ROA %.

Virscend Education Co's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	68.724	/	( (4896.715	+	4592.911)	/ 2 )
	=	68.724	/	4744.813
	=	1.45 %

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

Virscend Education Co's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	565.816	/	( (4896.715	+	4592.911)	/ 2 )
=	565.816	/	4744.813
=	0.12

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.

Virscend Education Co Total Assets Related Terms

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Virscend Education Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Virscend Education Co Ltd (HKSE:01565) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Sandongqiao Road, Jinniu District, Chengdu, CHN

Website

http://www.virscendeducation.com

Virscend Education Co Ltd is a provider of K-12 private education services. The company is a provider of high school and university private education services in Southwest China. The firm's formal education industry consists of education for pre-school, primary, middle, and high school students with a total of over 16-second foreign language-based classes to its students which include German, French, and Japanese, among other languages. The majority of the company revenues are generated through tuition fees.

Executives

The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Invesco Canada Ltd.	2102 Investment manager
Wang Xiaoying	2202 Interest of your spouse
Yan Yude	2201 Interest of corporation controlled by you
Bank Of China Limited	2106 Person having a security interest in shares
Virscend Holdings Company Limited	2101 Beneficial owner

Virscend Education Co Headlines

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