Taiwan Wax Co (ROCO:1742) Total Assets : NT$4,029.0 Mil (As of Mar. 2024)

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What is Taiwan Wax Co Total Assets?

Taiwan Wax Co's Total Assets for the quarter that ended in Mar. 2024 was NT$4,029.0 Mil.

During the past 12 months, Taiwan Wax Co's average Total Assets Growth Rate was 44.30% per year. During the past 3 years, the average Total Assets Growth Rate was 44.90% per year. During the past 5 years, the average Total Assets Growth Rate was 30.30% per year. During the past 10 years, the average Total Assets Growth Rate was 13.70% per year.

During the past 13 years, Taiwan Wax Co's highest 3-Year average Total Assets Growth Rate was 44.90%. The lowest was -10.10%. And the median was 1.10%.

Total Assets is connected with ROA %. Taiwan Wax Co's annualized ROA % for the quarter that ended in Mar. 2024 was 11.28%. Total Assets is also linked to Revenue through Asset Turnover. Taiwan Wax Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Taiwan Wax Co Total Assets Historical Data

The historical data trend for Taiwan Wax 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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Taiwan Wax Co Total Assets Chart

Taiwan Wax Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,496.30

1,576.04

2,405.41

2,624.60

3,773.15

Taiwan Wax Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															2,813.71	3,242.41	3,849.34	3,773.15	4,028.97

Taiwan Wax 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.

Taiwan Wax 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 )
	=	1304.509	+	2468.639
	=	3,773.1

Taiwan Wax Co's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	1416.227	+	2612.744
	=	4,029.0

Taiwan Wax Co (ROCO:1742) Total Assets Explanation

Total Assets is connected with ROA %.

Taiwan Wax Co's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	440.088	/	( (3773.148	+	4028.971)	/ 2 )
	=	440.088	/	3901.0595
	=	11.28 %

Note: The Net Income data used here is four times the quarterly (Mar. 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.

Taiwan Wax Co's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	58.61	/	( (3773.148	+	4028.971)	/ 2 )
=	58.61	/	3901.0595
=	0.02

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.

Taiwan Wax Co Total Assets Related Terms

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Taiwan Wax Co (ROCO:1742) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taiwan Wax Co Ltd (ROCO:1742) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

Number 1 Chung Cheng Road, Minhsiung Industrial District, Chiayi, TWN, 62146

Website

https://www.wax.com.tw

Taiwan Wax Co Ltd is engaged in manufacture, trading, import and export of various wax raw materials and finished products, trading of optoelectronic equipment, trading of aquatic products and provision of brokerage services. The company derives revenue from sales of merchandise is derived from sales of aquatic products, optoelectronic equipment and various finished wax products.

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