OneConnect Financial Technology Co (OneConnect Financial Technology Co) Total Assets : $1,130.6 Mil (As of Mar. 2024)

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What is OneConnect Financial Technology Co Total Assets?

OneConnect Financial Technology Co's Total Assets for the quarter that ended in Mar. 2024 was $1,130.6 Mil.

During the past 12 months, OneConnect Financial Technology Co's average Total Assets Growth Rate was 15.40% per year. During the past 3 years, the average Total Assets Growth Rate was -8.00% per year. During the past 5 years, the average Total Assets Growth Rate was -6.90% per year.

During the past 7 years, OneConnect Financial Technology Co's highest 3-Year average Total Assets Growth Rate was 64.60%. The lowest was -10.80%. And the median was -5.30%.

Total Assets is connected with ROA %. OneConnect Financial Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was -5.13%. Total Assets is also linked to Revenue through Asset Turnover. OneConnect Financial Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

OneConnect Financial Technology Co Total Assets Historical Data

The historical data trend for OneConnect Financial Technology Co'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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OneConnect Financial Technology Co Total Assets Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,415.42

1,664.59

1,466.50

1,274.06

1,129.99

OneConnect Financial Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															1,219.93	1,184.51	1,155.56	1,129.99	1,130.55

OneConnect Financial Technology Co 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.

OneConnect Financial Technology Co'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 )
	=	412.844	+	717.146
	=	1,130.0

OneConnect Financial Technology Co'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 )
	=	395.396	+	735.156
	=	1,130.6

OneConnect Financial Technology Co (NYSE:OCFT) Total Assets Explanation

Total Assets is connected with ROA %.

OneConnect Financial Technology Co'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 )
	=	-57.952	/	( (1129.99	+	1130.551)	/ 2 )
	=	-57.952	/	1130.2705
	=	-5.13 %

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.

OneConnect Financial Technology Co'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 )
=	100.433	/	( (1129.99	+	1130.551)	/ 2 )
=	100.433	/	1130.2705
=	0.09

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.

OneConnect Financial Technology Co Total Assets Related Terms

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OneConnect Financial Technology Co (OneConnect Financial Technology Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (NYSE:OCFT) » Definitions » Total Assets

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06638:Hong Kong

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.