QTTOY (Qutoutiao) Total Assets : $57.9 Mil (As of Dec. 2023)

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What is Qutoutiao Total Assets?

Qutoutiao's Total Assets for the quarter that ended in Dec. 2023 was $57.9 Mil.

During the past 12 months, Qutoutiao's average Total Assets Growth Rate was -23.50% per year. During the past 3 years, the average Total Assets Growth Rate was -46.50% per year. During the past 5 years, the average Total Assets Growth Rate was -13.80% per year.

During the past 8 years, Qutoutiao's highest 3-Year average Total Assets Growth Rate was 322.10%. The lowest was -46.50%. And the median was 53.10%.

Total Assets is connected with ROA %. Qutoutiao's annualized ROA % for the quarter that ended in Dec. 2023 was -36.73%. Total Assets is also linked to Revenue through Asset Turnover. Qutoutiao's Asset Turnover for the quarter that ended in Dec. 2023 was 1.48.

Qutoutiao Total Assets Historical Data

The historical data trend for Qutoutiao'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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Qutoutiao Total Assets Chart

Qutoutiao Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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419.21

445.90

326.64

83.41

57.90

Qutoutiao Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Total Assets	Get a 7-Day Free Trial			419.21	445.90	326.64	83.41	57.90

Qutoutiao 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.

Qutoutiao'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 )
	=	-329.719	+	387.618
	=	57.9

Qutoutiao'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 )
	=	-329.719	+	387.618
	=	57.9

Qutoutiao (OTCPK:QTTOY) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-25.953	/	( (83.414	+	57.899)	/ 2 )
	=	-25.953	/	70.6565
	=	-36.73 %

Note: The Net Income data used here is one times the 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.

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

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	104.417	/	( (83.414	+	57.899)	/ 2 )
=	104.417	/	70.6565
=	1.48

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.

Qutoutiao Total Assets Related Terms

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Qutoutiao Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Qutoutiao Inc (OTCPK:QTTOY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

519 Yi De Road, Building No. 8, Shanghai Pudong Software Park, Pudong New Area, Shanghai, CHN, 200124

Website

https://www.qutoutiao.net

Qutoutiao Inc is a mobile content platform company in China. Its flagship mobile application Qutoutiao aggregates articles and short videos from professional media and freelancers and presents customized feeds to users. It has also launched a mobile literature application, Midu Novels, which offers users free literature supported by advertising. The mobile literature applications, Midu Novels, and Midu Lite, source content from traditional PC-based online literature platforms which provide a license to publish their literature content on Midu Novels for a fee and offer pieces of literature on Midu Novels. The company generates revenue by providing advertising and marketing services.