TradeGo FinTech (HKSE:08017) Total Assets : HK$206.74 Mil (As of Sep. 2023)

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What is TradeGo FinTech Total Assets?

TradeGo FinTech's Total Assets for the quarter that ended in Sep. 2023 was HK$206.74 Mil.

During the past 12 months, TradeGo FinTech's average Total Assets Growth Rate was 136.30% per year. During the past 3 years, the average Total Assets Growth Rate was 13.90% per year. During the past 5 years, the average Total Assets Growth Rate was 14.40% per year.

During the past 8 years, TradeGo FinTech's highest 3-Year average Total Assets Growth Rate was 44.00%. The lowest was -0.70%. And the median was 7.70%.

Total Assets is connected with ROA %. TradeGo FinTech's annualized ROA % for the quarter that ended in Sep. 2023 was 4.71%. Total Assets is also linked to Revenue through Asset Turnover. TradeGo FinTech's Asset Turnover for the quarter that ended in Sep. 2023 was 0.07.

TradeGo FinTech Total Assets Historical Data

The historical data trend for TradeGo FinTech'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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TradeGo FinTech Total Assets Chart

TradeGo FinTech Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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66.92

80.29

107.63

214.73

170.82

TradeGo FinTech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															175.33	-	170.82	-	206.74

TradeGo FinTech 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.

TradeGo FinTech's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	124.886	+	45.937
	=	170.82

TradeGo FinTech's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	134.589	+	72.149
	=	206.74

TradeGo FinTech (HKSE:08017) Total Assets Explanation

Total Assets is connected with ROA %.

TradeGo FinTech's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	9.728	/	( (0	+	206.738)	/ 1 )
	=	9.728	/	206.738
	=	4.71 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

TradeGo FinTech's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	15.441	/	( (0	+	206.738)	/ 1 )
=	15.441	/	206.738
=	0.07

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.

TradeGo FinTech Total Assets Related Terms

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TradeGo FinTech (HKSE:08017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TradeGo FinTech Ltd (HKSE:08017) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3040 Xinghai Avenue Nanshan Street, 2808, Phase II, Qianhai Shimao Financial Center, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, CHN

Website

https://www.tradego8.com

TradeGo FinTech Ltd is a securities trading platform service provider serving mainly Hong Kong Brokerage Firms and their clients. The services offered by the company can be classified into front-office trading system services; market data services; hosting and cloud infrastructure services; SaaS services; and other value-added services. The majority of the firm's revenue gets derived from Front office trading system services.

Executives

Liao Jicheng	2101 Beneficial owner
Zhang Wenhua	2101 Beneficial owner
Ye Liqin	2202 Interest of your spouse
Lu Ximeng	2202 Interest of your spouse
Liu Xiaoming	2202 Interest of your spouse
Liu Yong	2401 A concert party to an agreement to buy shares
Chen Zhaoxia	2202 Interest of your spouse
Wan Yong	2401 A concert party to an agreement to buy shares
Coast Flagship Investment Spc – Harvest Ipo Mixed Strategy Investment Sp	2101 Beneficial owner
Coast International Asset Management Limited	2102 Investment manager
Stand Tall International Limited	2201 Interest of corporation controlled by you
Xin Cheng International Limited	2101 Beneficial owner
Sbi China Capital Holdings Limited	2201 Interest of corporation controlled by you
Sbi China Capital Financial Services Limited	2101 Beneficial owner
Probest Limited	2201 Interest of corporation controlled by you

TradeGo FinTech (HKSE:08017) Headlines

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