SOS (SOS) Total Assets : $525.0 Mil (As of Jun. 2024)

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What is SOS Total Assets?

SOS's Total Assets for the quarter that ended in Jun. 2024 was $525.0 Mil.

During the past 12 months, SOS's average Total Assets Growth Rate was 55.00% per year. During the past 3 years, the average Total Assets Growth Rate was 45.70% per year. During the past 5 years, the average Total Assets Growth Rate was 38.80% per year.

During the past 10 years, SOS's highest 3-Year average Total Assets Growth Rate was 80.00%. The lowest was 10.80%. And the median was 30.85%.

Total Assets is connected with ROA %. SOS's annualized ROA % for the quarter that ended in Jun. 2024 was -4.32%. Total Assets is also linked to Revenue through Asset Turnover. SOS's Asset Turnover for the quarter that ended in Jun. 2024 was 0.12.

SOS Total Assets Historical Data

The historical data trend for SOS'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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SOS Total Assets Chart

SOS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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69.16

69.76

695.30

454.73

483.89

SOS Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial													713.04	454.73	429.32	483.89	524.99

SOS 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.

SOS'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 )
	=	422.373	+	61.519
	=	483.9

SOS's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	430.528	+	94.457
	=	525.0

SOS (NYSE:SOS) Total Assets Explanation

Total Assets is connected with ROA %.

SOS's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-21.804	/	( (483.892	+	524.985)	/ 2 )
	=	-21.804	/	504.4385
	=	-4.32 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

SOS's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	60.514	/	( (483.892	+	524.985)	/ 2 )
=	60.514	/	504.4385
=	0.12

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.

SOS Total Assets Related Terms

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SOS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SOS Ltd (NYSE:SOS) » Definitions » Total Assets

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Address

298 Haijing Road, Yinzhu Street, Building 6, East Seaview Park, West Coast New District, Shandong Province, Qingdao, CHN, 266400

Website

https://www.sosyun.com

SOS Ltd is a multifaceted company that leverages the power of big data to provide marketing solutions, while also participating in the burgeoning fields of blockchain and cryptocurrency operations, as well as commodity trading. Its product offerings are diversified across four main areas: commodity trading, insurance marketing, cryptocurrency mining, and other service. The company has has three reporting segments: Commodity trading, Cryptocurrency mining and Others. Key revenue is generated from Commodity trading.