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ZhongAn Online P&C Insurance Co (HKSE:06060) Total Assets : HK$46,883 Mil (As of Dec. 2023)


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What is ZhongAn Online P&C Insurance Co Total Assets?

ZhongAn Online P&C Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was HK$46,883 Mil.

During the past 12 months, ZhongAn Online P&C Insurance Co's average Total Assets Growth Rate was 0.60% per year. During the past 3 years, the average Total Assets Growth Rate was 18.80% per year. During the past 5 years, the average Total Assets Growth Rate was 17.90% per year.

During the past 10 years, ZhongAn Online P&C Insurance Co's highest 3-Year average Total Assets Growth Rate was 140.80%. The lowest was 12.80%. And the median was 27.00%.

Total Assets is connected with ROA %. ZhongAn Online P&C Insurance Co's annualized ROA % for the quarter that ended in Dec. 2023 was 16.74%. Total Assets is also linked to Revenue through Asset Turnover. ZhongAn Online P&C Insurance Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.33.

ZhongAn Online P&C Insurance Co Total Assets Historical Data

The historical data trend for ZhongAn Online P&C Insurance 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.

* Premium members only.

ZhongAn Online P&C Insurance Co Total Assets Chart

ZhongAn Online P&C Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34,392.43 54,142.78 56,337.42 53,210.20 46,883.31

ZhongAn Online P&C Insurance Co Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56,337.42 63,584.85 53,210.20 53,880.48 46,883.31

ZhongAn Online P&C Insurance 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.

ZhongAn Online P&C Insurance 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 )
=21955.886+24927.421
=46,883

ZhongAn Online P&C Insurance Co'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 )
=21955.886+24927.421
=46,883

* 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.

ZhongAn Online P&C Insurance Co  (HKSE:06060) Total Assets Explanation

Total Assets is connected with ROA %.

ZhongAn Online P&C Insurance Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=8436.062/( (53880.478+46883.307)/ 2 )
=8436.062/50381.8925
=16.74 %

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

ZhongAn Online P&C Insurance Co's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=16747.308/( (53880.478+46883.307)/ 2 )
=16747.308/50381.8925
=0.33

* 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.

ZhongAn Online P&C Insurance Co Total Assets Related Terms

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ZhongAn Online P&C Insurance Co (HKSE:06060) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ZhongAn Online P&C Insurance Co Ltd (HKSE:06060) » Definitions » Total Assets
Comparable Companies
HKSE:00222 PGR CB TSE:8766 TRV ALL HKSE:01339 HKSE:02328 TSX:IFC TSX:FFH MKL TSE:8725 WRB CINF ASX:QBE L TSE:8630 ASX:SUN CNA WAR:PZU
Traded in Other Exchanges
ZZHGF:USA ZZHGY:USA 1ZO:Germany
Address
219 Yuanmingyuan Road, Shanghai, CHN
Website
https://www.zhongan.com
ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.
Executives
Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ma Huateng 2201 Interest of corporation controlled by you
Tencent Holdings Limited 2201 Interest of corporation controlled by you
Shen Zhen Shi Teng Xun Ji Suan Ji Xi Tong You Xian Gong Si 2101 Beneficial owner
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner
Asia Pacific Promotion Limited 2201 Interest of corporation controlled by you
Shen Zhen Ri Xun Wang Lu Ke Ji Gu Fen You Xian Gong Si 2101 Beneficial owner
Sinolink Worldwide Holdings Limited 2201 Interest of corporation controlled by you
Timeway Holdings Limited 2201 Interest of corporation controlled by you
Ou Yaping 2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner

ZhongAn Online P&C Insurance Co (HKSE:06060) Headlines

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