Quality Online Education Group (Quality Online Education Group) Total Assets : $1.98 Mil (As of May. 2023)

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What is Quality Online Education Group Total Assets?

Quality Online Education Group's Total Assets for the quarter that ended in May. 2023 was $1.98 Mil.

During the past 3 years, the average Total Assets Growth Rate was -44.10% per year.

During the past 10 years, Quality Online Education Group's highest 3-Year average Total Assets Growth Rate was 1563.30%. The lowest was -67.10%. And the median was -44.10%.

Total Assets is connected with ROA %. Quality Online Education Group's annualized ROA % for the quarter that ended in May. 2023 was -555.22%. Total Assets is also linked to Revenue through Asset Turnover. Quality Online Education Group's Asset Turnover for the quarter that ended in May. 2023 was 0.69.

Quality Online Education Group Total Assets Historical Data

The historical data trend for Quality Online Education 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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Quality Online Education Group Total Assets Chart

Quality Online Education Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Aug13

Aug14

Aug21

Aug22

Total Assets

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4.77

8.80

1.27

0.98

Quality Online Education Group Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Total Assets	Get a 7-Day Free Trial															-	0.98	0.89	1.78	1.98

Quality Online Education 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.

Quality Online Education Group's Total Assets for the fiscal year that ended in Aug. 2022 is calculated as

Total Assets	=	Total Equity (A: Aug. 2022 )	+	Total Liabilities (A: Aug. 2022 )
	=	-0.982	+	1.966
	=	0.98

Quality Online Education Group's Total Assets for the quarter that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (Q: May. 2023 )	+	Total Liabilities (Q: May. 2023 )
	=	-3.388	+	5.37
	=	1.98

Quality Online Education Group (OTCPK:QOEG) Total Assets Explanation

Total Assets is connected with ROA %.

Quality Online Education Group's annualized ROA % for the quarter that ended in May. 2023 is

ROA %	=	Net Income (Q: May. 2023 )	/	( (Total Assets (Q: Feb. 2023 )	+	Total Assets (Q: May. 2023 ))	/ count )
	=	-10.452	/	( (1.783	+	1.982)	/ 2 )
	=	-10.452	/	1.8825
	=	-555.22 %

Note: The Net Income data used here is four times the quarterly (May. 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.

Quality Online Education Group's Asset Turnover for the quarter that ended in May. 2023 is

	Asset Turnover
=	Revenue (Q: May. 2023 )	/	( (Total Assets (Q: Feb. 2023 )	+	Total Assets (Q: May. 2023 ))	/ count )
=	1.29	/	( (1.783	+	1.982)	/ 2 )
=	1.29	/	1.8825
=	0.69

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.

Quality Online Education Group Total Assets Related Terms

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Quality Online Education Group (Quality Online Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

Executives

Amanda Anderson	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek	director	2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso	director, officer: Chief Operating Officer	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li	director, officer: Chairman, CEO, CFO and Sec.	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR