Galaxy Core (SHSE:688728) Total Assets : ¥20,739 Mil (As of Mar. 2024)

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What is Galaxy Core Total Assets?

Galaxy Core's Total Assets for the quarter that ended in Mar. 2024 was ¥20,739 Mil.

Warning Sign:

If a company builds assets at 58.9% a year, faster than its revenue growth rate of 11.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Galaxy Core's average Total Assets Growth Rate was 13.00% per year. During the past 3 years, the average Total Assets Growth Rate was 55.00% per year. During the past 5 years, the average Total Assets Growth Rate was 58.90% per year.

During the past 7 years, Galaxy Core's highest 3-Year average Total Assets Growth Rate was 68.80%. The lowest was 41.60%. And the median was 61.50%.

Total Assets is connected with ROA %. Galaxy Core's annualized ROA % for the quarter that ended in Mar. 2024 was 0.59%. Total Assets is also linked to Revenue through Asset Turnover. Galaxy Core's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Galaxy Core Total Assets Historical Data

The historical data trend for Galaxy Core'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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Galaxy Core Total Assets Chart

Galaxy Core Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,961.06

5,732.69

13,303.65

18,152.18

20,203.23

Galaxy Core Quarterly Data
	Dec17	Dec18	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															18,688.16	19,487.19	19,731.30	20,203.23	20,738.53

Galaxy Core 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.

Galaxy Core'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 )
	=	7879.868	+	12323.36
	=	20,203

Galaxy Core'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 )
	=	7890.323	+	12848.207
	=	20,739

Galaxy Core (SHSE:688728) Total Assets Explanation

Total Assets is connected with ROA %.

Galaxy Core'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 )
	=	120.652	/	( (20203.228	+	20738.53)	/ 2 )
	=	120.652	/	20470.879
	=	0.59 %

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.

Galaxy Core'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 )
=	1289.49	/	( (20203.228	+	20738.53)	/ 2 )
=	1289.49	/	20470.879
=	0.06

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.

Galaxy Core Total Assets Related Terms

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Galaxy Core (SHSE:688728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Core Inc (SHSE:688728) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 560 Shengxia Road, 11th Floor, Building 2, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.gcoreinc.com

Galaxy Core Inc is engaged in the research and development, design and sales of CMOS image sensors and display driver chips.

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