SMC Electric (HKSE:02381) Total Assets : HK$196.4 Mil (As of Jun. 2024)

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What is SMC Electric Total Assets?

SMC Electric's Total Assets for the quarter that ended in Jun. 2024 was HK$196.4 Mil.

During the past 12 months, SMC Electric's average Total Assets Growth Rate was -3.80% per year. During the past 3 years, the average Total Assets Growth Rate was -6.10% per year. During the past 5 years, the average Total Assets Growth Rate was -16.30% per year.

During the past 8 years, SMC Electric's highest 3-Year average Total Assets Growth Rate was 28.00%. The lowest was -28.00%. And the median was -8.00%.

Total Assets is connected with ROA %. SMC Electric's annualized ROA % for the quarter that ended in Jun. 2024 was 13.65%. Total Assets is also linked to Revenue through Asset Turnover. SMC Electric's Asset Turnover for the quarter that ended in Jun. 2024 was 0.65.

SMC Electric Total Assets Historical Data

The historical data trend for SMC Electric'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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SMC Electric Total Assets Chart

SMC Electric Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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268.92

199.71

224.21

182.35

183.33

SMC Electric Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial									244.50	182.35	196.51	183.33	196.40

SMC Electric 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.

SMC Electric'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 )
	=	129.261	+	54.07
	=	183.3

SMC Electric's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	142.114	+	54.284
	=	196.4

SMC Electric (HKSE:02381) Total Assets Explanation

Total Assets is connected with ROA %.

SMC Electric's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	25.92	/	( (183.331	+	196.398)	/ 2 )
	=	25.92	/	189.8645
	=	13.65 %

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

SMC Electric's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	123.92	/	( (183.331	+	196.398)	/ 2 )
=	123.92	/	189.8645
=	0.65

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.

SMC Electric Total Assets Related Terms

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SMC Electric Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » SMC Electric Ltd (HKSE:02381) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Lee Chung Street, 1st Floor, Shell Industrial Building, Chai Wan, Hong Kong, HKG

Website

http://www.smcelectric.com.hk

SMC Electric Ltd is engaged in manufacturing and selling of electric tools and sourcing and selling of electric fans. The company sells a wide variety of products including, fans such as Ceiling fans, Wall-mounted fans, Stand up fans, Cordless fans and Orbital fans, Work lights, Vacuum cleaners and other electric tools. The operating segments of the group are SMC segment and Non-SMC segment. It derives key revenue from the Non-SMC segment which involves the development, designing, manufacturing and trading of electric tools and electric fans to customers under their respective brands. The group derives revenue from the Americas, Europe, Oceania, Africa and Asia.

Executives

Red Dynasty Investments Limited	2201 Interest of corporation controlled by you
Yung Kwok Kee Billy	2201 Interest of corporation controlled by you
Claudio Holdings Limited	2201 Interest of corporation controlled by you
Creator Holdings Limited	2201 Interest of corporation controlled by you
Hkc (holdings) Limited	2201 Interest of corporation controlled by you
Hong Kong Construction (hong Kong) Limited	2101 Beneficial owner
Oei Kang, Eric	2201 Interest of corporation controlled by you
Shell Electric Holdings Ltd	2101 Beneficial owner
Hsu Vivian	2202 Interest of your spouse

SMC Electric Headlines

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