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LICN (Lichen International) Total Assets : $72.59 Mil (As of Jun. 2024)


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What is Lichen International Total Assets?

Lichen International's Total Assets for the quarter that ended in Jun. 2024 was $72.59 Mil.

During the past 12 months, Lichen International's average Total Assets Growth Rate was 2.70% per year. During the past 3 years, the average Total Assets Growth Rate was 17.20% per year.

During the past 4 years, Lichen International's highest 3-Year average Total Assets Growth Rate was 17.20%. The lowest was 17.20%. And the median was 17.20%.

Total Assets is connected with ROA %. Lichen International's annualized ROA % for the quarter that ended in Jun. 2024 was 2.22%. Total Assets is also linked to Revenue through Asset Turnover. Lichen International's Asset Turnover for the quarter that ended in Jun. 2024 was 0.26.

Lichen International Total Assets Historical Data

The historical data trend for Lichen International'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.

Lichen International Total Assets Chart

Lichen International Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
33.35 42.94 46.53 65.55

Lichen International Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial 44.54 46.53 56.19 65.55 72.59

Lichen International 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.

Lichen International's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=61.42+4.125
=65.55

Lichen International'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 )
=69.782+2.81
=72.59

* 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.

Lichen International  (NAS:LICN) Total Assets Explanation

Total Assets is connected with ROA %.

Lichen International'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 )
=1.534/( (65.545+72.592)/ 2 )
=1.534/69.0685
=2.22 %

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.

Lichen International'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 )
=18.096/( (65.545+72.592)/ 2 )
=18.096/69.0685
=0.26

* 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.

Lichen International Total Assets Related Terms

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Lichen International Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lichen International Ltd (NAS:LICN) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
Xingang Square, Hubin North Road, 15th Floor, Siming District, Fujian Province, Xiamen, CHN, 361013
Website
https://www.lichenzx.com
Lichen International Ltd formerly Lichen China Ltd is a holding company. The company, along with its subsidiaries provides financial and taxation solution services; education support services; and software and maintenance services. The company generates Majority revenue from Financial and taxation solution services.