Harbin VITI Electronic Co (SHSE:603023) Total Assets : ¥797.68 Mil (As of Mar. 2024)

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What is Harbin VITI Electronic Co Total Assets?

Harbin VITI Electronic Co's Total Assets for the quarter that ended in Mar. 2024 was ¥797.68 Mil.

During the past 12 months, Harbin VITI Electronic Co's average Total Assets Growth Rate was -39.10% per year. During the past 3 years, the average Total Assets Growth Rate was -9.20% per year. During the past 5 years, the average Total Assets Growth Rate was -6.60% per year. During the past 10 years, the average Total Assets Growth Rate was 1.70% per year.

During the past 13 years, Harbin VITI Electronic Co's highest 3-Year average Total Assets Growth Rate was 37.80%. The lowest was -15.60%. And the median was 7.95%.

Total Assets is connected with ROA %. Harbin VITI Electronic Co's annualized ROA % for the quarter that ended in Mar. 2024 was 2.21%. Total Assets is also linked to Revenue through Asset Turnover. Harbin VITI Electronic Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Harbin VITI Electronic Co Total Assets Historical Data

The historical data trend for Harbin VITI Electronic 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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Harbin VITI Electronic Co Total Assets Chart

Harbin VITI Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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824.16

777.31

788.07

808.83

790.82

Harbin VITI Electronic 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															825.05	782.85	753.84	790.82	797.68

Harbin VITI Electronic 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.

Harbin VITI Electronic 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 )
	=	774.114	+	16.706
	=	790.82

Harbin VITI Electronic 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 )
	=	778.497	+	19.18
	=	797.68

Harbin VITI Electronic Co (SHSE:603023) Total Assets Explanation

Total Assets is connected with ROA %.

Harbin VITI Electronic 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 )
	=	17.532	/	( (790.82	+	797.677)	/ 2 )
	=	17.532	/	794.2485
	=	2.21 %

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.

Harbin VITI Electronic 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 )
=	20.534	/	( (790.82	+	797.677)	/ 2 )
=	20.534	/	794.2485
=	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.

Harbin VITI Electronic Co Total Assets Related Terms

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Harbin VITI Electronic Co (SHSE:603023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Harbin VITI Electronic Co Ltd (SHSE:603023) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 11 West Haping Road, High-tech Development District, Heilongjiang Province, Harbin, CHN, 150060

Website

http://www.viti.net.cn

Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.

Executives

Wu Peng Cheng	senior management
Cui Jian Min	senior management
Chen Zhen Hua	Directors, senior managers
Yu Qiong	senior management
Bai Zhe Song	Director
Zhou Bao Tian	Supervisors
Liu Guo Ping	Director
Lv You Gang	senior management

Harbin VITI Electronic Co (SHSE:603023) Headlines

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