Chongqing Hifuture Information Technology Co (SZSE:002168) Total Assets : ¥891.5 Mil (As of Mar. 2024)

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What is Chongqing Hifuture Information Technology Co Total Assets?

Chongqing Hifuture Information Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥891.5 Mil.

During the past 12 months, Chongqing Hifuture Information Technology Co's average Total Assets Growth Rate was 18.10% per year. During the past 3 years, the average Total Assets Growth Rate was -14.10% per year. During the past 5 years, the average Total Assets Growth Rate was -22.90% per year. During the past 10 years, the average Total Assets Growth Rate was -4.30% per year.

During the past 13 years, Chongqing Hifuture Information Technology Co's highest 3-Year average Total Assets Growth Rate was 39.90%. The lowest was -32.20%. And the median was 19.60%.

Total Assets is connected with ROA %. Chongqing Hifuture Information Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was -16.40%. Total Assets is also linked to Revenue through Asset Turnover. Chongqing Hifuture Information Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Chongqing Hifuture Information Technology Co Total Assets Historical Data

The historical data trend for Chongqing Hifuture Information 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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Chongqing Hifuture Information Technology Co Total Assets Chart

Chongqing Hifuture Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,335.80

1,489.78

955.71

811.15

943.98

Chongqing Hifuture Information 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															771.46	780.53	815.68	943.98	891.52

Chongqing Hifuture Information 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.

Chongqing Hifuture Information 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 )
	=	46.01	+	897.969
	=	944.0

Chongqing Hifuture Information 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 )
	=	7.379	+	884.138
	=	891.5

Chongqing Hifuture Information Technology Co (SZSE:002168) Total Assets Explanation

Total Assets is connected with ROA %.

Chongqing Hifuture Information 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 )
	=	-150.524	/	( (943.979	+	891.516)	/ 2 )
	=	-150.524	/	917.7475
	=	-16.40 %

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.

Chongqing Hifuture Information 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 )
=	31.245	/	( (943.979	+	891.516)	/ 2 )
=	31.245	/	917.7475
=	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.

Chongqing Hifuture Information Technology Co Total Assets Related Terms

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Chongqing Hifuture Information Technology Co (SZSE:002168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Hifuture Information Technology Co Ltd (SZSE:002168) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Lanjing North Road, Hifuture science and Technology Park, Longgang District, Pingshan, CHN, 518118

Website

http://www.hifuture.com

Shenzhen Hifuture Electric Co Ltd is specialized in the development, production, sales, installation, and distribution of network integrated solutions of electrical equipment. It offers a wide range of products, including medium and low voltage cable connection boxes with totally-enclosed and totally-insulated, cable joint boxes, silicone rubber cable accessories, cable plugs and other silicone rubber insulation products, as well as SMC electrical equipment enclosures.

Executives

Chen Dan	Director
	Director
Shen Xiao Chao	Director
Fang Li	Executives
Xu Hai Xiao	Directors, executives
Zhang Jing	Directors, executives
Wang Chao Yong	Director
Zhan Wei Zai	Independent director
Ren Jin Sheng	Director
Lv Feng Hua	Director
He Ping	Directors, executives
Zhao Yu Mei	Supervisors
Zhang Guo Gang	Executives
Kuang Xiao Ming	Directors, executives
He Feng	Executives

Chongqing Hifuture Information Technology Co (SZSE:002168) Headlines

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