Addentax Group (Addentax Group) Total Assets : $53.79 Mil (As of Dec. 2023)

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What is Addentax Group Total Assets?

Addentax Group's Total Assets for the quarter that ended in Dec. 2023 was $53.79 Mil.

During the past 12 months, Addentax Group's average Total Assets Growth Rate was 326.70% per year. During the past 3 years, the average Total Assets Growth Rate was 42.90% per year. During the past 5 years, the average Total Assets Growth Rate was 33.00% per year.

During the past 9 years, Addentax Group's highest 3-Year average Total Assets Growth Rate was 1119.40%. The lowest was -2.00%. And the median was 44.85%.

Total Assets is connected with ROA %. Addentax Group's annualized ROA % for the quarter that ended in Dec. 2023 was -19.48%. Total Assets is also linked to Revenue through Asset Turnover. Addentax Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Addentax Group Total Assets Historical Data

The historical data trend for Addentax 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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Addentax Group Total Assets Chart

Addentax Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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3.97

8.42

18.42

13.09

41.30

Addentax Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															31.58	41.30	40.59	53.29	53.79

Addentax 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.

Addentax Group's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	24.122	+	17.181
	=	41.30

Addentax Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	24.244	+	29.542
	=	53.79

Addentax Group (NAS:ATXG) Total Assets Explanation

Total Assets is connected with ROA %.

Addentax Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-10.432	/	( (53.294	+	53.786)	/ 2 )
	=	-10.432	/	53.54
	=	-19.48 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Addentax Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1.468	/	( (53.294	+	53.786)	/ 2 )
=	1.468	/	53.54
=	0.03

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.

Addentax Group Total Assets Related Terms

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Addentax Group (Addentax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Addentax Group Corp (NAS:ATXG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kingkey 100, Block A, Room 4805, Luohu District, Shenzhen, CHN, 518000

Website

http://www.addentax.com

Addentax Group Corp is an investment holding company. The company's operating segment includes Garment manufacturing; Logistics services; Property management and subleasing. It generates maximum revenue from the Logistics services segment. The Logistics services segment provides logistics services. Geographically, it derives a majority of its revenue from China.