Puxin (NEWYY) Total Assets : $517.1 Mil (As of Jun. 2021)

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What is Puxin Total Assets?

Puxin's Total Assets for the quarter that ended in Jun. 2021 was $517.1 Mil.

Total Assets is connected with ROA %. Puxin's annualized ROA % for the quarter that ended in Jun. 2021 was -136.89%. Total Assets is also linked to Revenue through Asset Turnover. Puxin's Asset Turnover for the quarter that ended in Jun. 2021 was 0.17.

Puxin Total Assets Historical Data

The historical data trend for Puxin'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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Puxin Total Assets Chart

Puxin Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Total Assets

85.86

304.62

397.61

671.12

706.13

Puxin Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Total Assets	Get a 7-Day Free Trial														649.96	668.53	706.13	736.26	517.14

Puxin 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.

Puxin's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	64.093	+	642.037
	=	706.1

Puxin's Total Assets for the quarter that ended in Jun. 2021 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2021 )	+	Total Liabilities (Q: Jun. 2021 )
	=	-134.523	+	651.664
	=	517.1

Puxin (OTCPK:NEWYY) Total Assets Explanation

Total Assets is connected with ROA %.

Puxin's annualized ROA % for the quarter that ended in Jun. 2021 is

ROA %	=	Net Income (Q: Jun. 2021 )	/	( (Total Assets (Q: Mar. 2021 )	+	Total Assets (Q: Jun. 2021 ))	/ count )
	=	-857.872	/	( (736.264	+	517.14)	/ 2 )
	=	-857.872	/	626.702
	=	-136.89 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) 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.

Puxin's Asset Turnover for the quarter that ended in Jun. 2021 is

	Asset Turnover
=	Revenue (Q: Jun. 2021 )	/	( (Total Assets (Q: Mar. 2021 )	+	Total Assets (Q: Jun. 2021 ))	/ count )
=	104.925	/	( (736.264	+	517.14)	/ 2 )
=	104.925	/	626.702
=	0.17

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.

Puxin Total Assets Related Terms

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Puxin (NEWYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Puxin Ltd (OTCPK:NEWYY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Suzhou Street, Haidian District, 5th Floor, Building 4, Dingjun Building, Beijing, CHN, 100080

Website

https://www.pxjy.com

Puxin Ltd provides education services. The company's segments consist of K-12 tutoring services and Study abroad tutoring services. Its K-12 tutoring services provide result-oriented educational services in group class settings and through personalized tutoring sessions as well as study plan tailored to fit a student's aptitude, grade level, past academic performance, future academic goals, and other pertinent factors. Study abroad tutoring services are designed to help students prepare for admission tests and applications for high schools, universities and graduate programs primarily in English-speaking countries. It generates a majority of its revenue from the K-12 tutoring services segment. Geographically, it operates in PRC.