Range Intelligent Computing Technology Group Co (SZSE:300442) Total Assets : ¥26,254 Mil (As of Mar. 2024)

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What is Range Intelligent Computing Technology Group Co Total Assets?

Range Intelligent Computing Technology Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥26,254 Mil.

During the past 12 months, Range Intelligent Computing Technology Group Co's average Total Assets Growth Rate was 41.00% per year. During the past 3 years, the average Total Assets Growth Rate was 150.90% per year. During the past 5 years, the average Total Assets Growth Rate was 87.60% per year. During the past 10 years, the average Total Assets Growth Rate was 40.40% per year.

During the past 13 years, Range Intelligent Computing Technology Group Co's highest 3-Year average Total Assets Growth Rate was 150.90%. The lowest was -5.80%. And the median was 34.40%.

Total Assets is connected with ROA %. Range Intelligent Computing Technology Group Co's annualized ROA % for the quarter that ended in Mar. 2024 was 7.65%. Total Assets is also linked to Revenue through Asset Turnover. Range Intelligent Computing Technology Group Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Range Intelligent Computing Technology Group Co Total Assets Historical Data

The historical data trend for Range Intelligent Computing 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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Range Intelligent Computing Technology Group Co Total Assets Chart

Range Intelligent Computing Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,542.94

1,352.64

10,768.03

16,008.45

23,310.85

Range Intelligent Computing Technology Group Co 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															20,943.43	24,240.37	22,428.88	23,310.85	26,253.85

Range Intelligent Computing 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.

Range Intelligent Computing 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 )
	=	8545.661	+	14765.188
	=	23,311

Range Intelligent Computing Technology Group Co'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 )
	=	9031.989	+	17221.856
	=	26,254

Range Intelligent Computing Technology Group Co (SZSE:300442) Total Assets Explanation

Total Assets is connected with ROA %.

Range Intelligent Computing Technology Group Co'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 )
	=	1896.94	/	( (23310.849	+	26253.845)	/ 2 )
	=	1896.94	/	24782.347
	=	7.65 %

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.

Range Intelligent Computing Technology Group Co'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 )
=	1242.26	/	( (23310.849	+	26253.845)	/ 2 )
=	1242.26	/	24782.347
=	0.05

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.

Range Intelligent Computing Technology Group Co Total Assets Related Terms

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Range Intelligent Computing Technology Group Co (SZSE:300442) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Range Intelligent Computing Technology Group Co Ltd (SZSE:300442) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 84, Jinzhangzhi Road, Zhangye Town, Building 26, Jinshan District, Shanghai, CHN, 065001

Website

https://www.rangeidc.com

Range Intelligent Computing Technology Group Co Ltd is catering to the application needs of big data, cloud computing, Internet of Things, 5G technology, and other industries, based on computing power, digital technology as a means, and intelligent Applications as a demonstration, providing a new generation of digital economy industry technology, products, services and system solutions for various industries.

Executives

Jiang Wei Dong	Directors, executives
Liu Jing Zhou	Supervisors

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