Tianda Pharmaceuticals (HKSE:00455) Total Assets : HK$917.3 Mil (As of Dec. 2023)

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What is Tianda Pharmaceuticals Total Assets?

Tianda Pharmaceuticals's Total Assets for the quarter that ended in Dec. 2023 was HK$917.3 Mil.

Warning Sign:

If a company builds assets at 9.2% a year, faster than its revenue growth rate of 5.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Tianda Pharmaceuticals's average Total Assets Growth Rate was -7.40% per year. During the past 3 years, the average Total Assets Growth Rate was 6.40% per year. During the past 5 years, the average Total Assets Growth Rate was 9.20% per year. During the past 10 years, the average Total Assets Growth Rate was 4.00% per year.

During the past 13 years, Tianda Pharmaceuticals's highest 3-Year average Total Assets Growth Rate was 57.00%. The lowest was -12.70%. And the median was 6.95%.

Total Assets is connected with ROA %. Tianda Pharmaceuticals's annualized ROA % for the quarter that ended in Dec. 2023 was -4.25%. Total Assets is also linked to Revenue through Asset Turnover. Tianda Pharmaceuticals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.24.

Tianda Pharmaceuticals Total Assets Historical Data

The historical data trend for Tianda Pharmaceuticals'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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Tianda Pharmaceuticals Total Assets Chart

Tianda Pharmaceuticals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Dec23

Total Assets

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996.77

933.12

1,133.46

1,164.15

917.29

Tianda Pharmaceuticals Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															1,125.21	1,164.15	1,006.05	967.52	917.29

Tianda Pharmaceuticals 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.

Tianda Pharmaceuticals'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 )
	=	591.941	+	325.35
	=	917.3

Tianda Pharmaceuticals'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 )
	=	591.941	+	325.35
	=	917.3

Tianda Pharmaceuticals (HKSE:00455) Total Assets Explanation

Total Assets is connected with ROA %.

Tianda Pharmaceuticals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-40.056	/	( (967.516	+	917.291)	/ 2 )
	=	-40.056	/	942.4035
	=	-4.25 %

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

Tianda Pharmaceuticals's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	228.605	/	( (967.516	+	917.291)	/ 2 )
=	228.605	/	942.4035
=	0.24

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.

Tianda Pharmaceuticals Total Assets Related Terms

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Tianda Pharmaceuticals (HKSE:00455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tianda Pharmaceuticals Ltd (HKSE:00455) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

CITIC Tower, No. 1 Tim Mei Avenue, Suites 2405-2410, 24th Floor, Central, Hong Kong, HKG

Website

https://www.tiandapharma.com

Tianda Pharmaceuticals Ltd is engaged in R&D, manufactures and sales of pharmaceutical, biotechnology and healthcare products. The group also engages in R&D of Chinese medicine and manufacture and sales of Chinese medicine products, and the provision of Chinese medical services. Its operating segments include Chinese medicine business; Medical and healthcare services; and Pharmaceuticals and medical technologies business. The company derives majority of the revenue from Pharmaceuticals and medical technologies business.

Executives

Tianda Group Limited	2101 Beneficial owner
Fang Wen Quan	2201 Interest of corporation controlled by you

Tianda Pharmaceuticals (HKSE:00455) Headlines

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