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Wah Fu Education Group (Wah Fu Education Group) Total Assets : $16.48 Mil (As of Sep. 2023)


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What is Wah Fu Education Group Total Assets?

Wah Fu Education Group's Total Assets for the quarter that ended in Sep. 2023 was $16.48 Mil.

During the past 12 months, Wah Fu Education Group's average Total Assets Growth Rate was -30.20% per year. During the past 3 years, the average Total Assets Growth Rate was -4.60% per year. During the past 5 years, the average Total Assets Growth Rate was 2.50% per year.

During the past 7 years, Wah Fu Education Group's highest 3-Year average Total Assets Growth Rate was 50.30%. The lowest was -4.60%. And the median was 5.65%.

Total Assets is connected with ROA %. Wah Fu Education Group's annualized ROA % for the quarter that ended in Sep. 2023 was 2.67%. Total Assets is also linked to Revenue through Asset Turnover. Wah Fu Education Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.21.

Wah Fu Education Group Total Assets Historical Data

The historical data trend for Wah Fu Education Group'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.

* Premium members only.

Wah Fu Education Group Total Assets Chart

Wah Fu Education Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Total Assets
Get a 7-Day Free Trial 8.48 12.57 16.97 18.00 17.54

Wah Fu Education Group Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.53 18.00 18.08 17.54 16.48

Wah Fu Education Group 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.

Wah Fu Education Group's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets=Total Equity (A: Mar. 2023 )+Total Liabilities (A: Mar. 2023 )
=13.03+4.508
=17.54

Wah Fu Education Group's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=12.422+4.059
=16.48

* 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.

Wah Fu Education Group  (NAS:WAFU) Total Assets Explanation

Total Assets is connected with ROA %.

Wah Fu Education Group's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=0.454/( (17.538+16.481)/ 2 )
=0.454/17.0095
=2.67 %

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

Wah Fu Education Group's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=3.648/( (17.538+16.481)/ 2 )
=3.648/17.0095
=0.21

* 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.

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.

Wah Fu Education Group Total Assets Related Terms

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Wah Fu Education Group (Wah Fu Education Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Wah Fu Education Group Ltd (NAS:WAFU) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
No. 13 Deshengmenwai Street, L207b, Hesheng Fortune Plaza, Xicheng District, Beijing, CHN, 100088
Website
https://www.edu-edu.com
Wah Fu Education Group Ltd is involved in providing online exam preparation services and related technology solutions and also produces online training course materials in China. It develops online educational materials that are offered through the cloud and that can be used for a wide range of purposes, such as standard examination preparation, professional training, and interactive programs for educational purposes other than exam preparation. Its segments are Online Education Services, and Technological Development and Operation Service. The company generates maximum revenue from the Online Education Services segment.