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China Specialty Glass AG (FRA:8GS) Total Assets : €211.1 Mil (As of Jun. 2014)


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What is China Specialty Glass AG Total Assets?

China Specialty Glass AG's Total Assets for the quarter that ended in Jun. 2014 was €211.1 Mil.

Total Assets is connected with ROA %. China Specialty Glass AG's annualized ROA % for the quarter that ended in Jun. 2014 was 15.20%. Total Assets is also linked to Revenue through Asset Turnover. China Specialty Glass AG's Asset Turnover for the quarter that ended in Jun. 2014 was 0.14.


China Specialty Glass AG Total Assets Historical Data

The historical data trend for China Specialty Glass AG'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.

China Specialty Glass AG Total Assets Chart

China Specialty Glass AG Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Total Assets
60.37 123.72 167.95 201.92

China Specialty Glass AG Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 203.97 215.09 201.92 210.86 211.14

China Specialty Glass AG 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.

China Specialty Glass AG's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets=Total Equity (A: Dec. 2013 )+Total Liabilities (A: Dec. 2013 )
=139.388+62.533
=201.9

China Specialty Glass AG's Total Assets for the quarter that ended in Jun. 2014 is calculated as

Total Assets=Total Equity (Q: Jun. 2014 )+Total Liabilities (Q: Jun. 2014 )
=153.13+58.012
=211.1

* 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.


China Specialty Glass AG  (FRA:8GS) Total Assets Explanation

Total Assets is connected with ROA %.

China Specialty Glass AG's annualized ROA % for the quarter that ended in Jun. 2014 is

ROA %=Net Income (Q: Jun. 2014 )/( (Total Assets (Q: Mar. 2014 )+Total Assets (Q: Jun. 2014 ))/ count )
=32.072/( (210.864+211.142)/ 2 )
=32.072/211.003
=15.20 %

Note: The Net Income data used here is four times the quarterly (Jun. 2014) 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.

China Specialty Glass AG's Asset Turnover for the quarter that ended in Jun. 2014 is

Asset Turnover
=Revenue (Q: Jun. 2014 )/( (Total Assets (Q: Mar. 2014 )+Total Assets (Q: Jun. 2014 ))/ count )
=28.688/( (210.864+211.142)/ 2 )
=28.688/211.003
=0.14

* 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.

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.

China Specialty Glass AG Total Assets Related Terms

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China Specialty Glass AG (FRA:8GS) Business Description

Traded in Other Exchanges
N/A
Address
An den Romerhuegeln 1, Grunwald, DEU, 82031
China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.

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