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Mingteng International (Mingteng International) Total Assets : $10.71 Mil (As of Dec. 2023)


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What is Mingteng International Total Assets?

Mingteng International's Total Assets for the quarter that ended in Dec. 2023 was $10.71 Mil.

During the past 12 months, Mingteng International's average Total Assets Growth Rate was 16.70% per year. During the past 3 years, the average Total Assets Growth Rate was 23.50% per year.

During the past 4 years, Mingteng International's highest 3-Year average Total Assets Growth Rate was 23.50%. The lowest was 23.50%. And the median was 23.50%.

Total Assets is connected with ROA %. Mingteng International's annualized ROA % for the quarter that ended in Dec. 2023 was 18.03%. Total Assets is also linked to Revenue through Asset Turnover. Mingteng International's Asset Turnover for the quarter that ended in Dec. 2023 was 0.43.

Mingteng International Total Assets Historical Data

The historical data trend for Mingteng International'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.

Mingteng International Total Assets Chart

Mingteng International Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
5.57 7.95 10.07 10.71

Mingteng International Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 7.95 9.61 10.07 10.23 10.71

Mingteng International 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.

Mingteng International'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 )
=7.447+3.267
=10.71

Mingteng International'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 )
=7.447+3.267
=10.71

* 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.

Mingteng International  (NAS:MTEN) Total Assets Explanation

Total Assets is connected with ROA %.

Mingteng International'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 )
=1.888/( (10.23+10.713)/ 2 )
=1.888/10.4715
=18.03 %

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.

Mingteng International'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 )
=4.522/( (10.23+10.713)/ 2 )
=4.522/10.4715
=0.43

* 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.

Mingteng International Total Assets Related Terms

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Mingteng International (Mingteng International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Total Assets
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Traded in Other Exchanges
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Address
Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189
Website
Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

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