China Fineblanking Technology Co (ROCO:1586) Total Assets : NT$4,049 Mil (As of Mar. 2024)

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What is China Fineblanking Technology Co Total Assets?

China Fineblanking Technology Co's Total Assets for the quarter that ended in Mar. 2024 was NT$4,049 Mil.

During the past 12 months, China Fineblanking Technology Co's average Total Assets Growth Rate was -4.90% per year. During the past 3 years, the average Total Assets Growth Rate was 0.40% per year. During the past 5 years, the average Total Assets Growth Rate was 5.10% per year. During the past 10 years, the average Total Assets Growth Rate was 8.90% per year.

During the past 13 years, China Fineblanking Technology Co's highest 3-Year average Total Assets Growth Rate was 20.80%. The lowest was 0.40%. And the median was 9.40%.

Total Assets is connected with ROA %. China Fineblanking Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 2.67%. Total Assets is also linked to Revenue through Asset Turnover. China Fineblanking Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

China Fineblanking Technology Co Total Assets Historical Data

The historical data trend for China Fineblanking Technology 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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China Fineblanking Technology Co Total Assets Chart

China Fineblanking Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,650.75

4,087.10

4,411.08

4,273.29

4,076.20

China Fineblanking Technology Co 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															4,135.26	4,168.67	4,116.29	4,076.20	4,049.20

China Fineblanking Technology 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.

China Fineblanking Technology 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 )
	=	1459.143	+	2617.059
	=	4,076

China Fineblanking Technology Co'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 )
	=	1498.275	+	2550.92
	=	4,049

China Fineblanking Technology Co (ROCO:1586) Total Assets Explanation

Total Assets is connected with ROA %.

China Fineblanking Technology Co'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 )
	=	108.64	/	( (4076.202	+	4049.195)	/ 2 )
	=	108.64	/	4062.6985
	=	2.67 %

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.

China Fineblanking Technology Co'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 )
=	650.982	/	( (4076.202	+	4049.195)	/ 2 )
=	650.982	/	4062.6985
=	0.16

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.

China Fineblanking Technology Co Total Assets Related Terms

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China Fineblanking Technology Co (ROCO:1586) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Fineblanking Technology Co Ltd (ROCO:1586) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.40, Xinggong Road, Shengang Township, Changhua County, Chang Hua, TWN, 51648

Website

https://www.cftc-hc.com.tw

China Fineblanking Technology Co Ltd is engaged in the processing and manufacturing of various types of electronic and automotive parts. It is also engaged in on-electrolytic nickel plating surface treatment, double grinding, heat treatment, CNC machining, and gear machining. The Group has three reportable segments: HDD parts, Vehicle parts, and, Management and operation. The key revenue generator is the Vehicle Parts segment. It produces and sells vehicle parts.

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