GigaCloud Technology (GigaCloud Technology) Total Assets : $977.6 Mil (As of Mar. 2024)

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What is GigaCloud Technology Total Assets?

GigaCloud Technology's Total Assets for the quarter that ended in Mar. 2024 was $977.6 Mil.

During the past 12 months, GigaCloud Technology's average Total Assets Growth Rate was 185.00% per year. During the past 3 years, the average Total Assets Growth Rate was 105.20% per year.

During the past 5 years, GigaCloud Technology's highest 3-Year average Total Assets Growth Rate was 105.20%. The lowest was 105.20%. And the median was 105.20%.

Total Assets is connected with ROA %. GigaCloud Technology's annualized ROA % for the quarter that ended in Mar. 2024 was 11.92%. Total Assets is also linked to Revenue through Asset Turnover. GigaCloud Technology's Asset Turnover for the quarter that ended in Mar. 2024 was 0.28.

GigaCloud Technology Total Assets Historical Data

The historical data trend for GigaCloud Technology'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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GigaCloud Technology Total Assets Chart

GigaCloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

138.34

186.78

418.60

846.91

GigaCloud Technology Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial										437.20	455.05	529.78	846.91	977.61

GigaCloud Technology 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.

GigaCloud Technology'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 )
	=	290.416	+	556.493
	=	846.9

GigaCloud Technology'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 )
	=	317.779	+	659.829
	=	977.6

GigaCloud Technology (NAS:GCT) Total Assets Explanation

Total Assets is connected with ROA %.

GigaCloud Technology'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 )
	=	108.78	/	( (846.909	+	977.608)	/ 2 )
	=	108.78	/	912.2585
	=	11.92 %

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.

GigaCloud Technology'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 )
=	251.077	/	( (846.909	+	977.608)	/ 2 )
=	251.077	/	912.2585
=	0.28

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.

GigaCloud Technology Total Assets Related Terms

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GigaCloud Technology (GigaCloud Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GigaCloud Technology Inc (NAS:GCT) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, Unit A, 12th Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

https://www.gigacloudtech.com

GigaCloud Technology Inc end-to-end B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which refers to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia, with resellers in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price.