Shanghai Turbo Enterprises (SGX:AWM) Total Assets : S$21.16 Mil (As of Sep. 2023)

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What is Shanghai Turbo Enterprises Total Assets?

Shanghai Turbo Enterprises's Total Assets for the quarter that ended in Sep. 2023 was S$21.16 Mil.

During the past 12 months, Shanghai Turbo Enterprises's average Total Assets Growth Rate was 6.00% per year. During the past 3 years, the average Total Assets Growth Rate was -11.30% per year. During the past 5 years, the average Total Assets Growth Rate was -17.50% per year. During the past 10 years, the average Total Assets Growth Rate was -15.20% per year.

During the past 13 years, Shanghai Turbo Enterprises's highest 3-Year average Total Assets Growth Rate was 14.80%. The lowest was -31.10%. And the median was -1.10%.

Total Assets is connected with ROA %. Shanghai Turbo Enterprises's annualized ROA % for the quarter that ended in Sep. 2023 was -1.44%. Total Assets is also linked to Revenue through Asset Turnover. Shanghai Turbo Enterprises's Asset Turnover for the quarter that ended in Sep. 2023 was 0.19.

Shanghai Turbo Enterprises Total Assets Historical Data

The historical data trend for Shanghai Turbo Enterprises'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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Shanghai Turbo Enterprises Total Assets Chart

Shanghai Turbo Enterprises Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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39.54

24.45

13.29

18.83

18.72

Shanghai Turbo Enterprises 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															21.57	18.72	24.49	22.63	21.16

Shanghai Turbo Enterprises 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.

Shanghai Turbo Enterprises'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 )
	=	4.243	+	14.475
	=	18.72

Shanghai Turbo Enterprises'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 )
	=	7	+	14.16
	=	21.16

Shanghai Turbo Enterprises (SGX:AWM) Total Assets Explanation

Total Assets is connected with ROA %.

Shanghai Turbo Enterprises'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 )
	=	-0.316	/	( (22.633	+	21.16)	/ 2 )
	=	-0.316	/	21.8965
	=	-1.44 %

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.

Shanghai Turbo Enterprises'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 )
=	4.264	/	( (22.633	+	21.16)	/ 2 )
=	4.264	/	21.8965
=	0.19

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.

Shanghai Turbo Enterprises Total Assets Related Terms

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Shanghai Turbo Enterprises (SGX:AWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Turbo Enterprises Ltd (SGX:AWM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Yinghua Road, Zhonglou Economic Development Zone, Jiangsu Province, Changzhou, CHN, 213016

Website

https://www.shanghaiturbo.com

Shanghai Turbo Enterprises Ltd is a precision engineering group that specializes in the production of precision vane products, namely stationary vanes, moving vanes and nozzles. These vanes are the key components of steam turbine generators used for power generation in power plants, power stations and substations. There are also essential components mounted onto steam turbine generators to maximize the efficiency of steam flow in the generation of electricity.

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