Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Total Assets : HK$187.77 Mil (As of Dec. 2023)

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What is Shanxi Changcheng Microlight Equipment Co Total Assets?

Shanxi Changcheng Microlight Equipment Co's Total Assets for the quarter that ended in Dec. 2023 was HK$187.77 Mil.

During the past 12 months, Shanxi Changcheng Microlight Equipment Co's average Total Assets Growth Rate was 11.70% per year. During the past 3 years, the average Total Assets Growth Rate was -2.90% per year. During the past 5 years, the average Total Assets Growth Rate was 2.90% per year. During the past 10 years, the average Total Assets Growth Rate was 1.10% per year.

During the past 13 years, Shanxi Changcheng Microlight Equipment Co's highest 3-Year average Total Assets Growth Rate was 29.30%. The lowest was -56.50%. And the median was 5.35%.

Total Assets is connected with ROA %. Shanxi Changcheng Microlight Equipment Co's annualized ROA % for the quarter that ended in Dec. 2023 was -27.30%. Total Assets is also linked to Revenue through Asset Turnover. Shanxi Changcheng Microlight Equipment Co's Asset Turnover for the quarter that ended in Dec. 2023 was -0.03.

Shanxi Changcheng Microlight Equipment Co Total Assets Historical Data

The historical data trend for Shanxi Changcheng Microlight Equipment Co'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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Shanxi Changcheng Microlight Equipment Co Total Assets Chart

Shanxi Changcheng Microlight Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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180.30

205.97

188.22

168.23

187.77

Shanxi Changcheng Microlight Equipment Co 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															168.23	-	172.37	-	187.77

Shanxi Changcheng Microlight Equipment Co 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.

Shanxi Changcheng Microlight Equipment Co'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 )
	=	-118.457	+	306.226
	=	187.77

Shanxi Changcheng Microlight Equipment Co'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 )
	=	-118.457	+	306.226
	=	187.77

Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Total Assets Explanation

Total Assets is connected with ROA %.

Shanxi Changcheng Microlight Equipment Co'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 )
	=	-51.264	/	( (0	+	187.769)	/ 1 )
	=	-51.264	/	187.769
	=	-27.30 %

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.

Shanxi Changcheng Microlight Equipment Co'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 )
=	-5.094	/	( (0	+	187.769)	/ 1 )
=	-5.094	/	187.769
=	-0.03

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.

Shanxi Changcheng Microlight Equipment Co Total Assets Related Terms

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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanxi Changcheng Microlight Equipment Co Ltd (HKSE:08286) » Definitions » Total Assets

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Address

No. 7 Dianzi Street, Demonstration Zone, Shanxi Province, Taiyuan, CHN

Website

http://www.sxccoe.com

Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates.

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