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Cheche Group (Cheche Group) Total Assets : $102.2 Mil (As of Dec. 2022)


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What is Cheche Group Total Assets?

Cheche Group's Total Assets for the quarter that ended in Dec. 2022 was $102.2 Mil.

During the past 12 months, Cheche Group's average Total Assets Growth Rate was 9.20% per year.

Total Assets is connected with ROA %. Cheche Group's annualized ROA % for the quarter that ended in Dec. 2022 was -7.64%. Total Assets is also linked to Revenue through Asset Turnover. Cheche Group's Asset Turnover for the quarter that ended in Dec. 2022 was 1.93.

Cheche Group Total Assets Historical Data

The historical data trend for Cheche 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.

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Cheche Group Total Assets Chart

Cheche Group Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
136.37 102.20 125.20

Cheche Group Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Dec23
Total Assets - 136.37 123.10 102.20 125.20

Cheche 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.

Cheche Group'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 )
=52.965+72.238
=125.2

Cheche Group's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (Q: Dec. 2022 )+Total Liabilities (Q: Dec. 2022 )
=-180.809+283.007
=102.2

* 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.

Cheche Group  (NAS:CCG) Total Assets Explanation

Total Assets is connected with ROA %.

Cheche Group's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %=Net Income (Q: Dec. 2022 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=-8.604/( (123.101+102.199)/ 2 )
=-8.604/112.65
=-7.64 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2022) 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.

Cheche Group's Asset Turnover for the quarter that ended in Dec. 2022 is

Asset Turnover
=Revenue (Q: Dec. 2022 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=217.851/( (123.101+102.199)/ 2 )
=217.851/112.65
=1.93

* 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.

Cheche Group Total Assets Related Terms

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Cheche Group (Cheche Group) Business Description

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Traded in Other Exchanges
N/A
Address
13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088
Website
https://www.chechegroup.com
Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

Cheche Group (Cheche Group) Headlines

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