Ninebot (SHSE:689009) Total Assets : ¥10,957 Mil (As of Mar. 2024)

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What is Ninebot Total Assets?

Ninebot's Total Assets for the quarter that ended in Mar. 2024 was ¥10,957 Mil.

During the past 12 months, Ninebot's average Total Assets Growth Rate was 3.10% per year. During the past 3 years, the average Total Assets Growth Rate was 16.50% per year. During the past 5 years, the average Total Assets Growth Rate was 21.80% per year.

During the past 8 years, Ninebot's highest 3-Year average Total Assets Growth Rate was 34.00%. The lowest was 16.50%. And the median was 31.40%.

Total Assets is connected with ROA %. Ninebot's annualized ROA % for the quarter that ended in Mar. 2024 was 4.98%. Total Assets is also linked to Revenue through Asset Turnover. Ninebot's Asset Turnover for the quarter that ended in Mar. 2024 was 0.24.

Ninebot Total Assets Historical Data

The historical data trend for Ninebot'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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Ninebot Total Assets Chart

Ninebot Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,344.81

6,580.67

7,672.45

9,393.68

10,849.63

Ninebot 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															9,204.27	10,022.99	10,813.71	10,849.63	10,957.01

Ninebot 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.

Ninebot'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 )
	=	5533.706	+	5315.924
	=	10,850

Ninebot'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 )
	=	5413.1	+	5543.905
	=	10,957

Ninebot (SHSE:689009) Total Assets Explanation

Total Assets is connected with ROA %.

Ninebot'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 )
	=	542.704	/	( (10849.629	+	10957.005)	/ 2 )
	=	542.704	/	10903.317
	=	4.98 %

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.

Ninebot'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 )
=	2562.404	/	( (10849.629	+	10957.005)	/ 2 )
=	2562.404	/	10903.317
=	0.24

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.

Ninebot Total Assets Related Terms

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Ninebot (SHSE:689009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ninebot Ltd (SHSE:689009) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Xixiaokou Road, Zhongguancun Dongsheng Science and Technology Park, Building A, Haidian District, Beijing, CHN, 100192

Website

https://www.ninebot.com

Ninebot Ltd is engaged in the research and development, design, manufacturing, distribution and sales of short-distance transportation products. The products offered by the company include electric balance bikes and electric scooters for short distance commuting.

Executives

Zhao Xin	senior management
Liu Miao	senior management
Fan Xiao Jin	senior management
Zhang Zhen Yuan	Senior management, core technical personnel
Huang Chen	senior management
Chen Zi Chong	Core technical personnel

Ninebot (SHSE:689009) Headlines

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