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Lichen China (Lichen China) Total Assets : $65.55 Mil (As of Dec. 2023)


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What is Lichen China Total Assets?

Lichen China's Total Assets for the quarter that ended in Dec. 2023 was $65.55 Mil.

During the past 12 months, Lichen China's average Total Assets Growth Rate was 65.90% per year. During the past 3 years, the average Total Assets Growth Rate was 17.20% per year.

During the past 4 years, Lichen China'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 China's annualized ROA % for the quarter that ended in Dec. 2023 was 22.94%. Total Assets is also linked to Revenue through Asset Turnover. Lichen China's Asset Turnover for the quarter that ended in Dec. 2023 was 0.39.

Lichen China Total Assets Historical Data

The historical data trend for Lichen China'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 China Total Assets Chart

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

Lichen China Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 42.94 44.54 46.53 56.19 65.55

Lichen China 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 China'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 China's Total Assets for the quarter that ended in Dec. 2023 is calculated as

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

* 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 China  (NAS:LICN) Total Assets Explanation

Total Assets is connected with ROA %.

Lichen China's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=13.962/( (56.192+65.545)/ 2 )
=13.962/60.8685
=22.94 %

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

Lichen China's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=23.833/( (56.192+65.545)/ 2 )
=23.833/60.8685
=0.39

* 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 China Total Assets Related Terms

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Lichen China (Lichen China) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lichen China Ltd (NAS:LICN) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
888 Century Avenue Meiling Street, Tower 3, Jinjiang Wanda Plaza Commercial Complex, B2306, Block B, Fujian Province, Jinjiang, CHN, 362000
Website
https://www.lichenzx.com
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.