LexinFintech Holdings (LexinFintech Holdings) Total Assets : $3,241 Mil (As of Dec. 2023)

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What is LexinFintech Holdings Total Assets?

LexinFintech Holdings's Total Assets for the quarter that ended in Dec. 2023 was $3,241 Mil.

Warning Sign:

If a company builds assets at 10.1% a year, faster than its revenue growth rate of 6.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, LexinFintech Holdings's average Total Assets Growth Rate was -5.60% per year. During the past 3 years, the average Total Assets Growth Rate was -0.30% per year. During the past 5 years, the average Total Assets Growth Rate was 10.10% per year.

During the past 9 years, LexinFintech Holdings's highest 3-Year average Total Assets Growth Rate was 42.30%. The lowest was -0.30%. And the median was 16.15%.

Total Assets is connected with ROA %. LexinFintech Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 0.21%. Total Assets is also linked to Revenue through Asset Turnover. LexinFintech Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.15.

LexinFintech Holdings Total Assets Historical Data

The historical data trend for LexinFintech Holdings'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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LexinFintech Holdings Total Assets Chart

LexinFintech Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,742.67

3,111.22

3,301.18

3,266.16

3,240.92

LexinFintech Holdings 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															3,266.16	3,569.56	3,336.14	3,248.59	3,240.92

LexinFintech Holdings 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.

LexinFintech Holdings'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 )
	=	1359.917	+	1880.999
	=	3,241

LexinFintech Holdings'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 )
	=	1359.917	+	1880.999
	=	3,241

LexinFintech Holdings (NAS:LX) Total Assets Explanation

Total Assets is connected with ROA %.

LexinFintech Holdings'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 )
	=	6.776	/	( (3248.585	+	3240.916)	/ 2 )
	=	6.776	/	3244.7505
	=	0.21 %

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.

LexinFintech Holdings'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 )
=	491.504	/	( (3248.585	+	3240.916)	/ 2 )
=	491.504	/	3244.7505
=	0.15

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.

LexinFintech Holdings Total Assets Related Terms

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LexinFintech Holdings (LexinFintech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LexinFintech Holdings Ltd (NAS:LX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

1LFA:Germany

Address

No. 3099 Keyuan South Road, 27th Floor, China Energy Storage Tower, Nanshan District, Shenzhen, CHN, 518057

Website

http://ir.lexin.com

LexinFintech Holdings Ltd is an online consumer finance platform and a technology-driven service provider in China. The group is engaged in online direct sales services and online consumer financial services for its customers in China. It offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform www.fenqile.com, and its mobile application to young adults between the age of 18 and 36 in the People's Republic of China. The company also finances the loans with proceeds from partnering with peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China.