Future FinTech Group (LTS:0A8H) Total Assets : $59.91 Mil (As of Mar. 2024)

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What is Future FinTech Group Total Assets?

Future FinTech Group's Total Assets for the quarter that ended in Mar. 2024 was $59.91 Mil.

During the past 12 months, Future FinTech Group's average Total Assets Growth Rate was -33.50% per year. During the past 3 years, the average Total Assets Growth Rate was 84.60% per year. During the past 5 years, the average Total Assets Growth Rate was -6.70% per year. During the past 10 years, the average Total Assets Growth Rate was -21.00% per year.

During the past 13 years, Future FinTech Group's highest 3-Year average Total Assets Growth Rate was 626.50%. The lowest was -67.30%. And the median was 21.30%.

Total Assets is connected with ROA %. Future FinTech Group's annualized ROA % for the quarter that ended in Mar. 2024 was -22.02%. Total Assets is also linked to Revenue through Asset Turnover. Future FinTech Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

Future FinTech Group Total Assets Historical Data

The historical data trend for Future FinTech Group'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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Future FinTech Group Total Assets Chart

Future FinTech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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115.98

15.93

91.66

85.02

60.94

Future FinTech Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															85.06	90.93	70.54	60.94	59.91

Future FinTech Group 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.

Future FinTech Group'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 )
	=	42.415	+	18.526
	=	60.94

Future FinTech Group's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	41.624	+	18.286
	=	59.91

Future FinTech Group (LTS:0A8H) Total Assets Explanation

Total Assets is connected with ROA %.

Future FinTech Group's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-13.308	/	( (60.941	+	59.91)	/ 2 )
	=	-13.308	/	60.4255
	=	-22.02 %

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

Future FinTech Group's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	5.123	/	( (60.941	+	59.91)	/ 2 )
=	5.123	/	60.4255
=	0.08

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.

Future FinTech Group Total Assets Related Terms

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Future FinTech Group (LTS:0A8H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Future FinTech Group Inc (LTS:0A8H) » Definitions » Total Assets

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Traded in Other Exchanges

FTFT:USA

Address

Americas Tower, 1177 Avenue of The Americas, Suite 5100, New York, NY, USA, 10036

Website

http://www.ftft.com

Future FinTech Group Inc is engaged in the financial technology business. The company engages in the operation of a blockchain-based online shared shopping mall platform and also operates an incubator for application projects using blockchain technology. Future FinTech and its subsidiaries are developing blockchain technology for a variety of B2B and B2C real-life applications.

Future FinTech Group (LTS:0A8H) Headlines

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