Leascend Technology Co (SZSE:300051) Total Assets : ¥3,181.2 Mil (As of Mar. 2024)

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What is Leascend Technology Co Total Assets?

Leascend Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,181.2 Mil.

During the past 12 months, Leascend Technology Co's average Total Assets Growth Rate was 257.00% per year. During the past 3 years, the average Total Assets Growth Rate was 69.30% per year. During the past 5 years, the average Total Assets Growth Rate was 15.30% per year. During the past 10 years, the average Total Assets Growth Rate was 6.90% per year.

During the past 13 years, Leascend Technology Co's highest 3-Year average Total Assets Growth Rate was 69.30%. The lowest was -22.50%. And the median was 32.20%.

Total Assets is connected with ROA %. Leascend Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was -3.43%. Total Assets is also linked to Revenue through Asset Turnover. Leascend Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Leascend Technology Co Total Assets Historical Data

The historical data trend for Leascend 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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Leascend Technology Co Total Assets Chart

Leascend Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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808.54

703.48

649.08

584.80

3,455.00

Leascend 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															1,431.97	1,702.33	1,867.57	3,455.00	3,181.17

Leascend 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.

Leascend 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 )
	=	1059.815	+	2395.189
	=	3,455.0

Leascend 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 )
	=	996.669	+	2184.5
	=	3,181.2

Leascend Technology Co (SZSE:300051) Total Assets Explanation

Total Assets is connected with ROA %.

Leascend 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 )
	=	-113.952	/	( (3455.004	+	3181.169)	/ 2 )
	=	-113.952	/	3318.0865
	=	-3.43 %

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.

Leascend 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 )
=	62.03	/	( (3455.004	+	3181.169)	/ 2 )
=	62.03	/	3318.0865
=	0.02

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.

Leascend Technology Co Total Assets Related Terms

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Leascend Technology Co (SZSE:300051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Leascend Technology Co Ltd (SZSE:300051) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Guanri Road, Phase II, Software Park, 1st Floor, Torch Hi-Tech Industrial Development Zone, Fujian province, Xiamen, CHN, 361008

Website

http://www.35.com

Leascend Technology Co Ltd, formerly Xiamen 35.com Technology Co Ltd operates in the software service industry in China. It offers enterprise internet solutions, corporate communication solutions, mobile office solutions, and business management solutions. The company provides its clients with enterprise mailboxes, electronic commercial websites, domain registration, smart restaurants, 35 cloud attendance, cloud office bag, office automation systems, among others.

Executives

Zhang Wei Wei	Executives
Tang Jing Lei	Executives
Chen Tu Bao	Supervisors
Yu Cheng Bin	Supervisors
Zhang Xiao Chu	Executives
Gong Shao Hui	Directors, executives
Yang Xiao Liang	Directors, Directors, and Executives
Zhang Mei Wen	Directors, executives
Shen Wen Ce	Director
Li Yun Fei	Executives
Ceng Hua Qun	Director

Leascend Technology Co (SZSE:300051) Headlines

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