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OToBrite Electronic (ROCO:2256) Total Assets : NT$332.6 Mil (As of Jun. 2024)


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What is OToBrite Electronic Total Assets?

OToBrite Electronic's Total Assets for the quarter that ended in Jun. 2024 was NT$332.6 Mil.

During the past 12 months, OToBrite Electronic's average Total Assets Growth Rate was -26.60% per year. During the past 3 years, the average Total Assets Growth Rate was -4.40% per year.

During the past 5 years, OToBrite Electronic's highest 3-Year average Total Assets Growth Rate was 14.10%. The lowest was -4.40%. And the median was 4.85%.

Total Assets is connected with ROA %. OToBrite Electronic's annualized ROA % for the quarter that ended in Jun. 2024 was -22.45%. Total Assets is also linked to Revenue through Asset Turnover. OToBrite Electronic's Asset Turnover for the quarter that ended in Jun. 2024 was 0.45.

OToBrite Electronic Total Assets Historical Data

The historical data trend for OToBrite Electronic'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.

OToBrite Electronic Total Assets Chart

OToBrite Electronic Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
334.90 391.37 712.70 589.39 377.70

OToBrite Electronic Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 772.87 589.39 447.55 377.70 332.58

OToBrite Electronic 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.

OToBrite Electronic'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 )
=178.15+199.548
=377.7

OToBrite Electronic'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 )
=206.608+125.973
=332.6

* 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.

OToBrite Electronic  (ROCO:2256) Total Assets Explanation

Total Assets is connected with ROA %.

OToBrite Electronic'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 )
=-79.724/( (377.698+332.581)/ 2 )
=-79.724/355.1395
=-22.45 %

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.

OToBrite Electronic'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 )
=158.215/( (377.698+332.581)/ 2 )
=158.215/355.1395
=0.45

* 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.

OToBrite Electronic Total Assets Related Terms

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OToBrite Electronic Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » OToBrite Electronic Inc (ROCO:2256) » Definitions » Total Assets
Comparable Companies
ROCO:4559 ROCO:5276 ROCO:2245 ROCO:8423 ROCO:8041 TPE:2243 ROCO:8107 TPE:1512 ROCO:2249 ROCO:6867 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660
Traded in Other Exchanges
N/A
Address
No.18, Prosperity Rd.II, 6th Floor, Science-Based Industrial Park, Hsinchu, TWN
Website
https://www.otobrite.com
OToBrite Electronic Inc is dedicated to developing driver safety system products and artificial intelligence technologies. With a vision to provide innovative and world- leading vehicle imaging system and advanced driver assistance system, oToBrite strives to make driving simpler and safer, and to contribute to the development of automated driving technology.

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