Microalliance Group (Microalliance Group) Total Assets : $31.92 Mil (As of Sep. 2022)

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What is Microalliance Group Total Assets?

Microalliance Group's Total Assets for the quarter that ended in Sep. 2022 was $31.92 Mil.

Total Assets is connected with ROA %. Microalliance Group's annualized ROA % for the quarter that ended in Sep. 2022 was 14.80%. Total Assets is also linked to Revenue through Asset Turnover. Microalliance Group's Asset Turnover for the quarter that ended in Sep. 2022 was 0.12.

Microalliance Group Total Assets Historical Data

The historical data trend for Microalliance 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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Microalliance Group Total Assets Chart

Microalliance Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec19

Dec20

Dec21

Total Assets

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0.02

1.15

0.98

30.99

Microalliance Group Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial															28.06	30.99	33.62	33.00	31.92

Microalliance 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.

Microalliance Group's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	28.246	+	2.746
	=	30.99

Microalliance Group's Total Assets for the quarter that ended in Sep. 2022 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2022 )	+	Total Liabilities (Q: Sep. 2022 )
	=	30.55	+	1.366
	=	31.92

Microalliance Group (OTCPK:MALG) Total Assets Explanation

Total Assets is connected with ROA %.

Microalliance Group's annualized ROA % for the quarter that ended in Sep. 2022 is

ROA %	=	Net Income (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
	=	4.804	/	( (33.002	+	31.916)	/ 2 )
	=	4.804	/	32.459
	=	14.80 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) 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.

Microalliance Group's Asset Turnover for the quarter that ended in Sep. 2022 is

	Asset Turnover
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	3.776	/	( (33.002	+	31.916)	/ 2 )
=	3.776	/	32.459
=	0.12

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.

Microalliance Group Total Assets Related Terms

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Microalliance Group (Microalliance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Microalliance Group Inc (OTCPK:MALG) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

Industrial East Street, Shatoujiao Street, 4th Floor, Building 10, Yantian International Creative Port, Yantian District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.fountainhealthyaging.com

Microalliance Group Inc is engaged in two types of products: coffee and liquor. The Company develops, produces, markets and sells under the brand name coffee tea products, which are specialty coffee products with Chinese black tea's taste, as well as black coffee products and other coffee products. The Company sells its coffee products wholesale to retail partners and corporate customers, as well as directly to consumers in the PRC via its e-commerce channels. Its licensed Nainiang Liquor retail stores have opened in cities in China, such as Beijing, Shanghai, Shenzhen, Xiamen, Chongqing, Chengdu, Kunming, Foshan, Zhaoqing, Huangshan, Jingzhou and Baoding. The Company generates more revenues than from the coffee business.

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