New Sea Union Technology Group Co (SZSE:002089) Total Assets : ¥1,762.1 Mil (As of Sep. 2023)

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What is New Sea Union Technology Group Co Total Assets?

New Sea Union Technology Group Co's Total Assets for the quarter that ended in Sep. 2023 was ¥1,762.1 Mil.

During the past 12 months, New Sea Union Technology Group Co's average Total Assets Growth Rate was -15.90% per year. During the past 3 years, the average Total Assets Growth Rate was -7.30% per year. During the past 5 years, the average Total Assets Growth Rate was -17.00% per year. During the past 10 years, the average Total Assets Growth Rate was -2.70% per year.

During the past 13 years, New Sea Union Technology Group Co's highest 3-Year average Total Assets Growth Rate was 51.40%. The lowest was -23.10%. And the median was 29.70%.

Total Assets is connected with ROA %. New Sea Union Technology Group Co's annualized ROA % for the quarter that ended in Sep. 2023 was -1.66%. Total Assets is also linked to Revenue through Asset Turnover. New Sea Union Technology Group Co's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

New Sea Union Technology Group Co Total Assets Historical Data

The historical data trend for New Sea Union Technology Group 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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New Sea Union Technology Group Co Total Assets Chart

New Sea Union Technology Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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4,729.91

2,548.35

2,144.34

2,236.90

1,809.69

New Sea Union Technology Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															2,113.41	1,809.69	1,797.25	1,776.15	1,762.08

New Sea Union Technology Group 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.

New Sea Union Technology Group Co's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	976.368	+	833.326
	=	1,809.7

New Sea Union Technology Group Co's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	977.991	+	784.09
	=	1,762.1

New Sea Union Technology Group Co (SZSE:002089) Total Assets Explanation

Total Assets is connected with ROA %.

New Sea Union Technology Group Co's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-29.352	/	( (1776.152	+	1762.081)	/ 2 )
	=	-29.352	/	1769.1165
	=	-1.66 %

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

New Sea Union Technology Group Co's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	12.626	/	( (1776.152	+	1762.081)	/ 2 )
=	12.626	/	1769.1165
=	0.01

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.

New Sea Union Technology Group Co Total Assets Related Terms

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New Sea Union Technology Group Co (SZSE:002089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » New Sea Union Technology Group Co Ltd (SZSE:002089) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 168 Jingmao Road, Suzhou Industrial Park, Suzhou, CHN, 215021

Website

http://www.nsu.com.cn

New Sea Union Technology Group Co Ltd is mainly engaged in the development and sale of communications network equipment in China. The company offers 4G Communication Products, FTTx Telecommunication Series and Software and Services among others.

Executives

Ma Ling Zhi	Director
Ye Jian Biao	Directors, executives
Zhang Yi Bin	Directors, executives
Ma Chong Lei	Director
Xu Lei	Directors, Directors, and Executives
Lan Hong Bing	Director
Mao Zhen Fu	Director
Ma Chong Ji	Director
Zhang Xiao Gang	Supervisors
Li Liang Yu	Securities Affairs Representative
Chen Gui Fen	Supervisors
Ying Xiao Ming	Supervisors
Ge Feng	Director
Xu Sheng Bo	Directors, executives
Qian Ye Yin	Executives

New Sea Union Technology Group Co (SZSE:002089) Headlines

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