TCTM Kids IT Education (TCTM Kids IT Education) Total Assets : $171.3 Mil (As of Jun. 2023)

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What is TCTM Kids IT Education Total Assets?

TCTM Kids IT Education's Total Assets for the quarter that ended in Jun. 2023 was $171.3 Mil.

During the past 12 months, TCTM Kids IT Education's average Total Assets Growth Rate was -31.70% per year. During the past 3 years, the average Total Assets Growth Rate was -23.50% per year. During the past 5 years, the average Total Assets Growth Rate was -10.70% per year. During the past 10 years, the average Total Assets Growth Rate was 11.10% per year.

During the past 13 years, TCTM Kids IT Education's highest 3-Year average Total Assets Growth Rate was 51.60%. The lowest was -23.50%. And the median was 22.30%.

Total Assets is connected with ROA %. TCTM Kids IT Education's annualized ROA % for the quarter that ended in Jun. 2023 was 2.34%. Total Assets is also linked to Revenue through Asset Turnover. TCTM Kids IT Education's Asset Turnover for the quarter that ended in Jun. 2023 was 0.42.

TCTM Kids IT Education Total Assets Historical Data

The historical data trend for TCTM Kids IT Education'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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TCTM Kids IT Education Total Assets Chart

TCTM Kids IT Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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358.16

299.61

257.77

191.85

142.61

TCTM Kids IT Education Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															195.07	191.85	187.94	171.25	142.61

TCTM Kids IT Education 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.

TCTM Kids IT Education'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 )
	=	-210.267	+	352.874
	=	142.6

TCTM Kids IT Education's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	-216.425	+	387.675
	=	171.3

TCTM Kids IT Education (NAS:TCTM) Total Assets Explanation

Total Assets is connected with ROA %.

TCTM Kids IT Education's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	4.204	/	( (187.938	+	171.25)	/ 2 )
	=	4.204	/	179.594
	=	2.34 %

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

TCTM Kids IT Education's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	76.104	/	( (187.938	+	171.25)	/ 2 )
=	76.104	/	179.594
=	0.42

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.

TCTM Kids IT Education Total Assets Related Terms

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TCTM Kids IT Education (TCTM Kids IT Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » TCTM Kids IT Education Inc (NAS:TCTM) » Definitions » Total Assets

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0T8B:Germany

Address

No. 1 Andingmenwai Street, 6th Floor, Litchi Tower, Chaoyang District, Beijing, CHN, 100011

Website

https://www.tedu.cn

Tarena International Inc is engaged in providing professional education services including professional information technology (IT) training courses and non-IT training courses. It offers K-12 education services in China. The company operates in two reportable segments namely IT Professional Education and IT-focused Supplementary STEAM Education Services. The majority of the revenue is generated from the IT-focused Supplementary STEAM Education Services segment. The service provides by the company includes featuring course content, examinations, student and teaching staff interaction tools, student management tools, and an online student community. For adult students, Their education platform combines live distance instruction, classroom-based tutoring, and online learning modules.