Luckin Coffee (Luckin Coffee) Total Assets : $2,562 Mil (As of Dec. 2023)

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What is Luckin Coffee Total Assets?

Luckin Coffee's Total Assets for the quarter that ended in Dec. 2023 was $2,562 Mil.

During the past 12 months, Luckin Coffee's average Total Assets Growth Rate was 108.10% per year. During the past 3 years, the average Total Assets Growth Rate was 47.00% per year. During the past 5 years, the average Total Assets Growth Rate was 42.10% per year.

During the past 7 years, Luckin Coffee's highest 3-Year average Total Assets Growth Rate was 231.70%. The lowest was 16.70%. And the median was 50.55%.

Total Assets is connected with ROA %. Luckin Coffee's annualized ROA % for the quarter that ended in Dec. 2023 was 6.76%. Total Assets is also linked to Revenue through Asset Turnover. Luckin Coffee's Asset Turnover for the quarter that ended in Dec. 2023 was 0.40.

Luckin Coffee Total Assets Historical Data

The historical data trend for Luckin Coffee'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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Luckin Coffee Total Assets Chart

Luckin Coffee Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,391.89

1,425.60

1,933.10

1,503.28

2,561.83

Luckin Coffee Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															1,503.28	1,725.78	1,957.76	2,352.88	2,561.83

Luckin Coffee 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.

Luckin Coffee'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 )
	=	1139.521	+	1422.309
	=	2,562

Luckin Coffee'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 )
	=	1139.521	+	1422.309
	=	2,562

Luckin Coffee (OTCPK:LKNCY) Total Assets Explanation

Total Assets is connected with ROA %.

Luckin Coffee'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 )
	=	166.048	/	( (2352.881	+	2561.83)	/ 2 )
	=	166.048	/	2457.3555
	=	6.76 %

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.

Luckin Coffee'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 )
=	989.464	/	( (2352.881	+	2561.83)	/ 2 )
=	989.464	/	2457.3555
=	0.40

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.

Luckin Coffee Total Assets Related Terms

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Luckin Coffee (Luckin Coffee) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Luckin Coffee Inc (OTCPK:LKNCY) » Definitions » Total Assets

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Traded in Other Exchanges

0A6U:UK LC0A:Germany

Address

1-3 Taibei Road, 28th Floor, Building T3, Haixi Jingu Plaza, Siming District, Fujian, Xiamen, CHN, 361008

Website

https://investor.luckincoffee.com

Luckin Coffee Inc is a China based company engaged in operation of coffee stores. It sources its Arabica coffee beans from various suppliers and engage World Barista Champion teams to design its coffee recipes. The company also has partnered with suppliers for other products such as juices and light meals.