Ossen Innovation Co (Ossen Innovation Co) Total Assets : $203.3 Mil (As of Dec. 2020)

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What is Ossen Innovation Co Total Assets?

Ossen Innovation Co's Total Assets for the quarter that ended in Dec. 2020 was $203.3 Mil.

Warning Sign:

If a company builds asset at 6.2% a year, faster than its revenue growth rate of 4% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, Ossen Innovation Co's average Total Assets Growth Rate was 15.40% per year. During the past 3 years, the average Total Assets Growth Rate was 10.10% per year. During the past 5 years, the average Total Assets Growth Rate was 6.20% per year. During the past 10 years, the average Total Assets Growth Rate was 1.30% per year.

During the past 13 years, Ossen Innovation Co's highest 3-Year average Total Assets Growth Rate was 39.10%. The lowest was -8.10%. And the median was 4.45%.

Total Assets is connected with ROA %. Ossen Innovation Co's annualized ROA % for the quarter that ended in Dec. 2020 was 5.96%. Total Assets is also linked to Revenue through Asset Turnover. Ossen Innovation Co's Asset Turnover for the quarter that ended in Dec. 2020 was 0.43.

Ossen Innovation Co Total Assets Historical Data

The historical data trend for Ossen Innovation 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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Ossen Innovation Co Total Assets Chart

Ossen Innovation Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Assets

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140.44

152.52

162.25

177.64

203.31

Ossen Innovation Co Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Total Assets	Get a 7-Day Free Trial															162.25	186.75	177.64	186.70	203.31

Ossen Innovation 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.

Ossen Innovation Co's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	151.111	+	52.194
	=	203.3

Ossen Innovation Co's Total Assets for the quarter that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2020 )	+	Total Liabilities (Q: Dec. 2020 )
	=	151.111	+	52.194
	=	203.3

Ossen Innovation Co (NAS:OSN) Total Assets Explanation

Total Assets is connected with ROA %.

Ossen Innovation Co's annualized ROA % for the quarter that ended in Dec. 2020 is

ROA %	=	Net Income (Q: Dec. 2020 )	/	( (Total Assets (Q: Jun. 2020 )	+	Total Assets (Q: Dec. 2020 ))	/ count )
	=	11.624	/	( (186.696	+	203.305)	/ 2 )
	=	11.624	/	195.0005
	=	5.96 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2020) 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.

Ossen Innovation Co's Asset Turnover for the quarter that ended in Dec. 2020 is

	Asset Turnover
=	Revenue (Q: Dec. 2020 )	/	( (Total Assets (Q: Jun. 2020 )	+	Total Assets (Q: Dec. 2020 ))	/ count )
=	83.727	/	( (186.696	+	203.305)	/ 2 )
=	83.727	/	195.0005
=	0.43

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.

Ossen Innovation Co Total Assets Related Terms

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Ossen Innovation Co (Ossen Innovation Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ossen Innovation Co Ltd (NAS:OSN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, Floor 17, Shanghai, CHN, 200120

Website

http://www.osseninnovation.com

Ossen Innovation Co Ltd designs, engineers, manufactures, and sells prestressed steel materials. The company's materials are used in the construction of bridges, highways and other infrastructure projects in the People's Republic of China and internationally. Its product is categorized as coated products and uncoated products. Its coated products include zinc, rare earth and plain surface prestressed concrete.It is used in the construction of new bridges and the renovation of older bridges. Uncoated products consist of wires that are twisted into a bundle and used in precast concrete plates on the riding surface of bridges. It is categorized based on size, strength, and structure.