Jet Optoelectronics Co (ROCO:2255) Total Assets : NT$2,973 Mil (As of Jun. 2024)

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What is Jet Optoelectronics Co Total Assets?

Jet Optoelectronics Co's Total Assets for the quarter that ended in Jun. 2024 was NT$2,973 Mil.

During the past 12 months, Jet Optoelectronics Co's average Total Assets Growth Rate was 1.10% per year. During the past 3 years, the average Total Assets Growth Rate was 39.30% per year. During the past 5 years, the average Total Assets Growth Rate was 21.30% per year.

During the past 6 years, Jet Optoelectronics Co's highest 3-Year average Total Assets Growth Rate was 43.90%. The lowest was 4.60%. And the median was 39.30%.

Total Assets is connected with ROA %. Jet Optoelectronics Co's annualized ROA % for the quarter that ended in Jun. 2024 was -1.80%. Total Assets is also linked to Revenue through Asset Turnover. Jet Optoelectronics Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.32.

Jet Optoelectronics Co Total Assets Historical Data

The historical data trend for Jet Optoelectronics 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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Jet Optoelectronics Co Total Assets Chart

Jet Optoelectronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,381.67

1,494.63

2,081.07

3,020.59

2,918.32

Jet Optoelectronics Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial						2,337.12	3,020.59	2,965.34	2,918.32	2,973.38

Jet Optoelectronics 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.

Jet Optoelectronics 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 )
	=	1313.73	+	1604.591
	=	2,918

Jet Optoelectronics Co'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 )
	=	1300.308	+	1673.067
	=	2,973

Jet Optoelectronics Co (ROCO:2255) Total Assets Explanation

Total Assets is connected with ROA %.

Jet Optoelectronics Co'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 )
	=	-53.126	/	( (2918.321	+	2973.375)	/ 2 )
	=	-53.126	/	2945.848
	=	-1.80 %

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.

Jet Optoelectronics Co'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 )
=	940.98	/	( (2918.321	+	2973.375)	/ 2 )
=	940.98	/	2945.848
=	0.32

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.

Jet Optoelectronics Co Total Assets Related Terms

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Jet Optoelectronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jet Optoelectronics Co Ltd (ROCO:2255) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Yangguang Street, Neihu District, 7th Floor, Taipei, TWN, 11491

Website

https://www.jet-opto.com.tw

Jet Optoelectronics Co Ltd is engaged in the automotive electronics industry. It is focused on manufacturing in-car display and rear-seat entertainment systems. The product portfolio of the company includes Seat Top systems, Gooseneck systems, Headrest systems. Connected cars and In-car cam among others.

Jet Optoelectronics Co Headlines

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