Onfolio Holdings (Onfolio Holdings) Total Assets : $8.67 Mil (As of Mar. 2024)

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What is Onfolio Holdings Total Assets?

Onfolio Holdings's Total Assets for the quarter that ended in Mar. 2024 was $8.67 Mil.

During the past 12 months, Onfolio Holdings's average Total Assets Growth Rate was -16.80% per year. During the past 3 years, the average Total Assets Growth Rate was 61.90% per year.

During the past 4 years, Onfolio Holdings's highest 3-Year average Total Assets Growth Rate was 61.90%. The lowest was 61.90%. And the median was 61.90%.

Total Assets is connected with ROA %. Onfolio Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -34.04%. Total Assets is also linked to Revenue through Asset Turnover. Onfolio Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.21.

Onfolio Holdings Total Assets Historical Data

The historical data trend for Onfolio Holdings'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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Onfolio Holdings Total Assets Chart

Onfolio Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

1.74

3.84

15.78

6.13

Onfolio Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial									14.45	13.43	8.74	6.13	8.67

Onfolio Holdings 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.

Onfolio Holdings'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 )
	=	5.342	+	0.789
	=	6.13

Onfolio Holdings'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 )
	=	5.23	+	3.444
	=	8.67

Onfolio Holdings (NAS:ONFO) Total Assets Explanation

Total Assets is connected with ROA %.

Onfolio Holdings'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 )
	=	-2.52	/	( (6.131	+	8.674)	/ 2 )
	=	-2.52	/	7.4025
	=	-34.04 %

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.

Onfolio Holdings'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 )
=	1.587	/	( (6.131	+	8.674)	/ 2 )
=	1.587	/	7.4025
=	0.21

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.

Onfolio Holdings Total Assets Related Terms

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Onfolio Holdings (Onfolio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Onfolio Holdings Inc (NAS:ONFO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1007 North Orange Street, 4th Floor, Wilmington, DE, USA, 19801

Website

https://www.onfolio.com

Onfolio Holdings Inc acquires and manages a diversified portfolio of online businesses across a broad range of verticals, each with a niche content focus and brand identity. The company operates in the following verticals: Pets, Arts and Crafts, B2B SEO Services, Molecular Hydrogen Supplements, Computers, Graphic Design, and People Search.

Executives

Yury Byalik	officer: Head of Strategy & Acquisition	2400 S OCEAN DRIVE #728, FORT PIERCE FL 34949
Braake Robertus Te	officer: Interim CFO	RUA ANTONIO DA SILVA 127 6FRT, CASCAIS S1 2750-101
Robert J Lipstein	director	1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Mark N Schwartz	director
Wells Dominic Benjamin James	director, 10 percent owner, officer: CEO, CRO, Chair of Board	10F NO 136, LANE 162, JINGYESAN ROAD, ZHONGSHAN DISTRICT, TAIPEI CITY F5 104
Van Heerden Esbe Louise	officer: President	12A BENTLEY STREET, CHRISTCHURCH Q2 8042
Adam Michael Trainor	officer: Chief Operations Officer	1420 RENAISSANCE DRIVE, APT P104, LONGMONT CO 80503
David Christopher Mckeegan	director	2885 SANFORD AVE SW, SW14713, GRANDVILLE MI 49418
Andrew John Lawrence	director	329 S OYSTER BAY RD. #514, PLAINVIEW NY 11803
Hawkins Jack Wayne Iii	officer: Chief Financial Officer	613 NEW NORWALK ROAD, NEW CANAAN CT 06840