Rayitek Hi-Tech Film Co (SHSE:688323) Total Assets

: ¥2,447.4 Mil (As of Dec. 2023)

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Rayitek Hi-Tech Film Co's Total Assets for the quarter that ended in Dec. 2023 was ¥2,447.4 Mil.

During the past 12 months, Rayitek Hi-Tech Film Co's average Total Assets Growth Rate was 15.70% per year. During the past 3 years, the average Total Assets Growth Rate was 29.10% per year. During the past 5 years, the average Total Assets Growth Rate was 26.30% per year.

During the past 7 years, Rayitek Hi-Tech Film Co's highest 3-Year average Total Assets Growth Rate was 29.10%. The lowest was 22.10%. And the median was 27.20%.

Total Assets is connected with ROA %. Rayitek Hi-Tech Film Co's annualized ROA % for the quarter that ended in Dec. 2023 was -1.95%. Total Assets is also linked to Revenue through Asset Turnover. Rayitek Hi-Tech Film Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Rayitek Hi-Tech Film Co Total Assets Historical Data

The historical data trend for Rayitek Hi-Tech Film 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.

* Premium members only.

Rayitek Hi-Tech Film Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

960.74

1,161.24

1,746.48

2,316.61

2,447.37

Rayitek Hi-Tech Film Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets																2,316.61	2,302.74	2,372.19	2,442.12	2,447.37

Rayitek Hi-Tech Film 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.

Rayitek Hi-Tech Film 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 )
	=	999.364	+	1448.005
	=	2,447.4

Rayitek Hi-Tech Film Co's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	999.364	+	1448.005
	=	2,447.4

Rayitek Hi-Tech Film Co (SHSE:688323) Total Assets Explanation

Total Assets is connected with ROA %.

Rayitek Hi-Tech Film Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-47.72	/	( (2442.12	+	2447.369)	/ 2 )
	=	-47.72	/	2444.7445
	=	-1.95 %

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

Rayitek Hi-Tech Film Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	67.396	/	( (2442.12	+	2447.369)	/ 2 )
=	67.396	/	2444.7445
=	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.

Rayitek Hi-Tech Film Co Total Assets Related Terms

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Rayitek Hi-Tech Film Co (SHSE:688323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rayitek Hi-Tech Film Co Ltd (SHSE:688323) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Songgang Street Office, Huamei Industrial Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518105

Website

http://www.rayitek.com

Rayitek Hi-Tech Film Co Ltd is engaged in the research and development, production and sales of high-performance PI films. The main product series include thermal control series PI films, electronic series PI films, electrical series PI films, functional PI films and others which are widely used in flexible circuit boards, consumer electronics, high-speed rail transit, wind power generation, 5G communications, flexible displays, aerospace Aviation and other high-tech industries.

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