Fujian Tietuo Machinery Co (BJSE:873706) Total Assets : ¥767.8 Mil (As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Fujian Tietuo Machinery Co Total Assets?

Fujian Tietuo Machinery Co's Total Assets for the quarter that ended in Sep. 2024 was ¥767.8 Mil.

Warning Sign:

If a company builds assets at 9.3% a year, faster than its revenue growth rate of 6.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Fujian Tietuo Machinery Co's average Total Assets Growth Rate was 30.20% per year. During the past 3 years, the average Total Assets Growth Rate was 4.80% per year. During the past 5 years, the average Total Assets Growth Rate was 9.30% per year.

During the past 7 years, Fujian Tietuo Machinery Co's highest 3-Year average Total Assets Growth Rate was 24.30%. The lowest was 4.20%. And the median was 10.50%.

Total Assets is connected with ROA %. Fujian Tietuo Machinery Co's annualized ROA % for the quarter that ended in Sep. 2024 was 4.52%. Total Assets is also linked to Revenue through Asset Turnover. Fujian Tietuo Machinery Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.12.

Fujian Tietuo Machinery Co Total Assets Historical Data

The historical data trend for Fujian Tietuo Machinery 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.

Fujian Tietuo Machinery Co Total Assets Chart

Fujian Tietuo Machinery Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

455.62

489.05

486.88

531.80

547.87

Fujian Tietuo Machinery Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial													545.63	547.87	702.01	757.37	767.81

Fujian Tietuo Machinery 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.

Fujian Tietuo Machinery 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 )
	=	374.024	+	173.842
	=	547.9

Fujian Tietuo Machinery Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	546.832	+	220.975
	=	767.8

Fujian Tietuo Machinery Co (BJSE:873706) Total Assets Explanation

Total Assets is connected with ROA %.

Fujian Tietuo Machinery Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	34.44	/	( (757.374	+	767.807)	/ 2 )
	=	34.44	/	762.5905
	=	4.52 %

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

Fujian Tietuo Machinery Co's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	93.684	/	( (757.374	+	767.807)	/ 2 )
=	93.684	/	762.5905
=	0.12

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.

Fujian Tietuo Machinery Co Total Assets Related Terms

Thank you for viewing the detailed overview of Fujian Tietuo Machinery Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Fujian Tietuo Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fujian Tietuo Machinery Co Ltd (BJSE:873706) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Luojiang District Intelligent Equipment Industrial Park, Heshi Town, Luojiang District, Fujian, Quanzhou, CHN, 362013

Website

http://www.fjttm.com

Fujian Tietuo Machinery Co Ltd is engaged in research & development, production, sales and service of asphalt mixing equipment and supporting equipment.

Fujian Tietuo Machinery Co Headlines

No Headlines