Comtec Solar Systems Group (STU:8C11) Total Assets : €19.63 Mil (As of Jun. 2023)

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What is Comtec Solar Systems Group Total Assets?

Comtec Solar Systems Group's Total Assets for the quarter that ended in Jun. 2023 was €19.63 Mil.

During the past 12 months, Comtec Solar Systems Group's average Total Assets Growth Rate was -53.30% per year. During the past 3 years, the average Total Assets Growth Rate was -10.70% per year. During the past 5 years, the average Total Assets Growth Rate was -16.60% per year. During the past 10 years, the average Total Assets Growth Rate was -23.20% per year.

During the past 13 years, Comtec Solar Systems Group's highest 3-Year average Total Assets Growth Rate was 46.90%. The lowest was -37.50%. And the median was -13.85%.

Total Assets is connected with ROA %. Comtec Solar Systems Group's annualized ROA % for the quarter that ended in Jun. 2023 was 41.91%. Total Assets is also linked to Revenue through Asset Turnover. Comtec Solar Systems Group's Asset Turnover for the quarter that ended in Jun. 2023 was 0.07.

Comtec Solar Systems Group Total Assets Historical Data

The historical data trend for Comtec Solar Systems Group'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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Comtec Solar Systems Group Total Assets Chart

Comtec Solar Systems Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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52.09

48.31

40.56

41.02

26.59

Comtec Solar Systems Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															40.56	45.61	41.02	19.63	26.59

Comtec Solar Systems Group 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.

Comtec Solar Systems Group'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 )
	=	-22.227	+	63.247
	=	41.02

Comtec Solar Systems Group's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	-16.86	+	36.486
	=	19.63

Comtec Solar Systems Group (STU:8C11) Total Assets Explanation

Total Assets is connected with ROA %.

Comtec Solar Systems Group's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	12.71	/	( (41.02	+	19.627)	/ 2 )
	=	12.71	/	30.3235
	=	41.91 %

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

Comtec Solar Systems Group's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	1.989	/	( (41.02	+	19.627)	/ 2 )
=	1.989	/	30.3235
=	0.07

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.

Comtec Solar Systems Group Total Assets Related Terms

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Comtec Solar Systems Group (STU:8C11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Comtec Solar Systems Group Ltd (STU:8C11) » Definitions » Total Assets

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Traded in Other Exchanges

00712:Hong Kong 8C11:Germany

Address

No. 2, Hongyang Road, Tianning District, Jiangsu Province, Changzhou, CHN

Website

http://www.comtecsolar.com

Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial and residential buildings and in sales of lithium battery power storage systems businesses for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products and Solar and power storage products.

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