Zhejiang Taimei Medical Technology Co (HKSE:02576) Total Assets : HK$1,580.2 Mil (As of Dec. 2023)

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What is Zhejiang Taimei Medical Technology Co Total Assets?

Zhejiang Taimei Medical Technology Co's Total Assets for the quarter that ended in Dec. 2023 was HK$1,580.2 Mil.

During the past 12 months, Zhejiang Taimei Medical Technology Co's average Total Assets Growth Rate was -11.60% per year.

Total Assets is connected with ROA %. Zhejiang Taimei Medical Technology Co's annualized ROA % for the quarter that ended in Dec. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang Taimei Medical Technology Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Zhejiang Taimei Medical Technology Co Total Assets Historical Data

The historical data trend for Zhejiang Taimei Medical Technology 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.

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Zhejiang Taimei Medical Technology Co Total Assets Chart

Zhejiang Taimei Medical Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

2,209.88

2,038.34

1,580.15

Zhejiang Taimei Medical Technology Co Semi-Annual Data
	Dec21	Dec22	Dec23
Total Assets	2,209.88	2,038.34	1,580.15

Zhejiang Taimei Medical Technology 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.

Zhejiang Taimei Medical Technology 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 )
	=	1139.841	+	440.311
	=	1,580.2

Zhejiang Taimei Medical Technology Co'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 )
	=	1139.841	+	440.311
	=	1,580.2

Zhejiang Taimei Medical Technology Co (HKSE:02576) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang Taimei Medical Technology Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0	/	( (2038.34	+	1580.152)	/ 2 )
	=	0	/	1809.246
	=	0.00 %

Note: The Net Income data used here is one times the 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.

Zhejiang Taimei Medical Technology Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (2038.34	+	1580.152)	/ 2 )
=	0	/	1809.246
=	0.00

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.

Zhejiang Taimei Medical Technology Co Total Assets Related Terms

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Zhejiang Taimei Medical Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Zhejiang Taimei Medical Technology Co Ltd (HKSE:02576) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

36 Changsheng South Road, 3rd Floor, Building 9, Smart Industry Innovation Park, Zhejiang, Jiaxing, CHN

Website

https://www.taimei.com

Zhejiang Taimei Medical Technology Co Ltd is a digital solution provider focused on the pharmaceutical and medical device industry in China, It designs and delivers industry-specific software and digital services that facilitate the research and development (R&D) as well as the commercialization of pharmaceuticals and medical devices. The software It offers is cloud-based, allowing users to access it from various devices at any time over the internet, without the need for software installation and maintenance on their devices. These cloud-based software covers critical use cases in R&D and commercialization of innovative drugs and medical devices.

Executives

Zuo Lingye	2201 Interest of corporation controlled by you
Shang Hai Jing Wei Gu Quan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Hang Zhou Jing Wei Yuan Chuang Tou Zi Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Jing Wei Chuang Teng Hang Zhou Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shen Zhen Shi Teng Xun Rui Tou Qi Ye Guan Li You Xian Gong Si
Teng Xun Ke Ji Shen Zhen You Xian Gong Si
Chen Yihai	2202 Interest of your spouse
Shang Hai Chen Xi Chuang Ye Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner
Shang Hai Yuan Pan Qi Ye Guan Li Zi Xun He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Xue Qiong	2201 Interest of corporation controlled by you
Ma Huateng
Lin Zhi Teng Xun Tou Zi Guan Li You Xian Gong Si
Shen Zhen Shi Teng Xun Chan Ye Tou Zi Ji Jin You Xian Gong Si
Oriental Power Holdings Limited
Shen Zhen Shi Teng Xun Rui Jian Tou Zi You Xian Gong Si

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