37 Interactive Entertainment Network Technology Group Co (SZSE:002555) Total Assets : ¥19,135 Mil (As of Dec. 2023)

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What is 37 Interactive Entertainment Network Technology Group Co Total Assets?

37 Interactive Entertainment Network Technology Group Co's Total Assets for the quarter that ended in Dec. 2023 was ¥19,135 Mil.

During the past 12 months, 37 Interactive Entertainment Network Technology Group Co's average Total Assets Growth Rate was 19.20% per year. During the past 3 years, the average Total Assets Growth Rate was 13.20% per year. During the past 5 years, the average Total Assets Growth Rate was 11.70% per year. During the past 10 years, the average Total Assets Growth Rate was 23.00% per year.

During the past 13 years, 37 Interactive Entertainment Network Technology Group Co's highest 3-Year average Total Assets Growth Rate was 121.90%. The lowest was -0.20%. And the median was 25.05%.

Total Assets is connected with ROA %. 37 Interactive Entertainment Network Technology Group Co's annualized ROA % for the quarter that ended in Dec. 2023 was 9.85%. Total Assets is also linked to Revenue through Asset Turnover. 37 Interactive Entertainment Network Technology Group Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.24.

37 Interactive Entertainment Network Technology Group Co Total Assets Historical Data

The historical data trend for 37 Interactive Entertainment Network Technology Group Co'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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37 Interactive Entertainment Network Technology Group Co Total Assets Chart

37 Interactive Entertainment Network Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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10,145.26

10,640.23

14,437.18

17,095.18

19,134.55

37 Interactive Entertainment Network Technology Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															17,095.18	19,027.72	19,873.66	18,720.37	19,134.55

37 Interactive Entertainment Network Technology Group Co 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.

37 Interactive Entertainment Network Technology Group Co'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 )
	=	12812.362	+	6322.189
	=	19,135

37 Interactive Entertainment Network Technology Group Co'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 )
	=	12812.362	+	6322.189
	=	19,135

37 Interactive Entertainment Network Technology Group Co (SZSE:002555) Total Assets Explanation

Total Assets is connected with ROA %.

37 Interactive Entertainment Network Technology Group Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	1865.064	/	( (18720.369	+	19134.551)	/ 2 )
	=	1865.064	/	18927.46
	=	9.85 %

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

37 Interactive Entertainment Network Technology Group Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	4503.909	/	( (18720.369	+	19134.551)	/ 2 )
=	4503.909	/	18927.46
=	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.

37 Interactive Entertainment Network Technology Group Co Total Assets Related Terms

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37 Interactive Entertainment Network Technology Group Co (SZSE:002555) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 37 Interactive Entertainment Network Technology Group Co Ltd (SZSE:002555) » Definitions » Total Assets

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Address

Middle Beijing Road, 11th Floor, Creative Advertising Complex, Wuhu Advertising Industrial Park, Anhui Province, Wuhu, CHN, 241000

Website

http://www.37entertainment.net

37 Interactive Entertainment Network Technology Group Co Ltd is involved in interactive entertainment business mainly focuses on the research, development, publishing, and operation of mobile games and browser games, while arranging pan-entertainment business including film and TV, animation, music. The company steadily promoted the development strategy of platformization, globalization, and pan-entertainment for interactive entertainment business based on IP.

37 Interactive Entertainment Network Technology Group Co (SZSE:002555) Headlines

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