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ShangPharma Corp (NYSE:SHP)
Total Assets
\$169.8 Mil (As of Sep. 2012)

ShangPharma Corp's total assets for the quarter that ended in Sep. 2012 was \$169.8 Mil.

Total Assets is connected with Return on Assets (ROA). ShangPharma Corp's annualized Return on Assets (ROA) for the quarter that ended in Sep. 2012 was 3.73%. Total Assets is also linked to revenue through asset turnover. ShangPharma Corp's asset turnover for the quarter that ended in Sep. 2012 was 0.19.

Definition

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.

ShangPharma Corp's Total Assets for the fiscal year that ended in Dec. 2011 is calculated as

 Total Assets = Total Current Assets + Total Long Term Assets = Total Current Assets + (Net PPE + Intangibles + Other Long-Term Assets) = 72.348 + (86.521 + 6.634 + 1.399) = 166.9

 Total Assets = Total Shareholders Equity (A: Dec. 2011 ) + Total Liabilities (A: Dec. 2011 ) = 133.038 + 33.864 = 166.9

ShangPharma Corp's Total Assets for the quarter that ended in Sep. 2012 is calculated as

 Total Assets = Total Current Assets + Total Long Term Assets = Total Current Assets + (Net PPE + Intangibles + Other Long-Term Assets) = 72.299 + (89.498 + 6.487 + 1.546) = 169.8

 Total Assets = Total Shareholders Equity (Q: Sep. 2012 ) + Total Liabilities (Q: Sep. 2012 ) = 139.742 + 30.088 = 169.8

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Explanation

Total Assets is connected with Return on Assets.

ShangPharma Corp's annualized Return on Assets (ROA) for the quarter that ended in Sep. 2012 is

 ROA = Net Income (Q: Sep. 2012 ) / ( (Total Assets (Q: Jun. 2012 ) + Total Assets (Q: Sep. 2012 )) / 2 ) = 6.272 / ( (166.821 + 169.83) / 2 ) = 6.272 / 168.3255 = 3.73 %

Note: The Net Income data used here is four times the quarterly (Sep. 2012) net income 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.

ShangPharma Corp's Asset Turnover for the quarter that ended in Sep. 2012 is

 Asset Turnover = Sales / Average Total Assets = Revenue (Q: Sep. 2012 ) / ( (Total Assets (Q: Jun. 2012 ) + Total Assets (Q: Sep. 2012 )) / 2 ) = 31.885 / ( (166.821 + 169.83) / 2 ) = 31.885 / 168.3255 = 0.19

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

ShangPharma Corp Annual Data

 Dec08 Dec09 Dec10 Dec11 Total Assets 0.0 0.0 0.0 0.0 0.0 0.0 61.7 70.0 137.9 166.9

ShangPharma Corp Quarterly Data

 Dec09 Jun10 Sep10 Dec10 Mar11 Sep11 Dec11 Mar12 Jun12 Sep12 Total Assets 70.0 78.8 85.3 137.9 142.0 155.5 166.9 164.8 166.8 169.8
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