Pony Group (Pony Group) Total Assets : $0.03 Mil (As of Mar. 2024)

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What is Pony Group Total Assets?

Pony Group's Total Assets for the quarter that ended in Mar. 2024 was $0.03 Mil.

During the past 12 months, Pony Group's average Total Assets Growth Rate was -65.30% per year. During the past 3 years, the average Total Assets Growth Rate was -26.30% per year.

During the past 7 years, Pony Group's highest 3-Year average Total Assets Growth Rate was 8.00%. The lowest was -26.30%. And the median was -9.15%.

Total Assets is connected with ROA %. Pony Group's annualized ROA % for the quarter that ended in Mar. 2024 was -660.87%. Total Assets is also linked to Revenue through Asset Turnover. Pony Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.35.

Pony Group Total Assets Historical Data

The historical data trend for Pony 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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Pony Group Total Assets Chart

Pony Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.10

0.34

0.32

0.11

0.04

Pony Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															0.08	0.07	0.05	0.04	0.03

Pony 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.

Pony Group'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 )
	=	-0.518	+	0.555
	=	0.04

Pony Group's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-0.569	+	0.601
	=	0.03

Pony Group (OTCPK:PNYG) Total Assets Explanation

Total Assets is connected with ROA %.

Pony Group's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.228	/	( (0.037	+	0.032)	/ 2 )
	=	-0.228	/	0.0345
	=	-660.87 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Pony Group's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.012	/	( (0.037	+	0.032)	/ 2 )
=	0.012	/	0.0345
=	0.35

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.

Pony Group Total Assets Related Terms

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Pony Group (Pony Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pony Group Inc (OTCPK:PNYG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Gaoxin South Avenue, Engineer Experiment Building, A202, Nanshan District, Guangdong, Shenzhen, CHN, 518000

Website

Pony Group Inc functions in the travel industry. The company is a travel service provider that provides car services to individual and group travelers like carpooling, airport pick-up and drop-off, and personal driver services for travelers between Guangdong Province and Hong Kong. It collaborates with car fleet companies and charges a service fee by matching the traveller and the driver.

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