ZCMD (ZHONGCHAO) Total Assets : $24.03 Mil (As of Jun. 2024)

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What is ZHONGCHAO Total Assets?

ZHONGCHAO's Total Assets for the quarter that ended in Jun. 2024 was $24.03 Mil.

Warning Sign:

If a company builds assets at 22.7% a year, faster than its revenue growth rate of 4.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, ZHONGCHAO's average Total Assets Growth Rate was -35.50% per year. During the past 3 years, the average Total Assets Growth Rate was -14.80% per year. During the past 5 years, the average Total Assets Growth Rate was 22.70% per year.

During the past 7 years, ZHONGCHAO's highest 3-Year average Total Assets Growth Rate was 101.10%. The lowest was -14.80%. And the median was 51.70%.

Total Assets is connected with ROA %. ZHONGCHAO's annualized ROA % for the quarter that ended in Jun. 2024 was 0.74%. Total Assets is also linked to Revenue through Asset Turnover. ZHONGCHAO's Asset Turnover for the quarter that ended in Jun. 2024 was 0.34.

ZHONGCHAO Total Assets Historical Data

The historical data trend for ZHONGCHAO'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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ZHONGCHAO Total Assets Chart

ZHONGCHAO Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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17.74

34.82

36.27

38.61

24.42

ZHONGCHAO Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial									38.65	38.61	30.53	24.42	24.03

ZHONGCHAO 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.

ZHONGCHAO'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 )
	=	21.038	+	3.378
	=	24.42

ZHONGCHAO'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 )
	=	20.72	+	3.314
	=	24.03

ZHONGCHAO (NAS:ZCMD) Total Assets Explanation

Total Assets is connected with ROA %.

ZHONGCHAO'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 )
	=	0.18	/	( (24.417	+	24.033)	/ 2 )
	=	0.18	/	24.225
	=	0.74 %

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.

ZHONGCHAO'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 )
=	8.348	/	( (24.417	+	24.033)	/ 2 )
=	8.348	/	24.225
=	0.34

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.

ZHONGCHAO Total Assets Related Terms

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ZHONGCHAO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » ZHONGCHAO Inc (NAS:ZCMD) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

841 Yan’An Middle Road, Nanxi Creative Center, Suite 218, Jing’An District, Shanghai, CHN, 200040

Website

https://www.mdmooc.org

ZHONGCHAO Inc is a Cayman Islands-based provider of healthcare information, education, and training services. It provides services to healthcare professionals and the public in China. It offers online and onsite health information services, healthcare education programs, and healthcare training products, consisting of clinical practice training, open classes of popular medical topics, interactive case studies, academic conferences and workshops, continuing education courses, and articles and short videos with educational healthcare content.