Proxene Tools Co (ROCO:6904) Total Assets : NT$1,562.9 Mil (As of Mar. 2024)

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What is Proxene Tools Co Total Assets?

Proxene Tools Co's Total Assets for the quarter that ended in Mar. 2024 was NT$1,562.9 Mil.

During the past 12 months, Proxene Tools Co's average Total Assets Growth Rate was 0.70% per year. During the past 3 years, the average Total Assets Growth Rate was 13.10% per year.

During the past 5 years, Proxene Tools Co's highest 3-Year average Total Assets Growth Rate was 19.60%. The lowest was 13.10%. And the median was 16.35%.

Total Assets is connected with ROA %. Proxene Tools Co's annualized ROA % for the quarter that ended in Mar. 2024 was 11.36%. Total Assets is also linked to Revenue through Asset Turnover. Proxene Tools Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Proxene Tools Co Total Assets Historical Data

The historical data trend for Proxene Tools 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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Proxene Tools Co Total Assets Chart

Proxene Tools Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

752.99

921.41

1,139.22

1,362.91

1,628.57

Proxene Tools Co Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial								1,345.58	1,342.64	1,373.17	1,628.57	1,562.90

Proxene Tools 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.

Proxene Tools 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 )
	=	974.291	+	654.281
	=	1,628.6

Proxene Tools 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 )
	=	1021.049	+	541.85
	=	1,562.9

Proxene Tools Co (ROCO:6904) Total Assets Explanation

Total Assets is connected with ROA %.

Proxene Tools 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 )
	=	181.232	/	( (1628.572	+	1562.899)	/ 2 )
	=	181.232	/	1595.7355
	=	11.36 %

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.

Proxene Tools 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 )
=	225.021	/	( (1628.572	+	1562.899)	/ 2 )
=	225.021	/	1595.7355
=	0.14

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.

Proxene Tools Co Total Assets Related Terms

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Proxene Tools Co (ROCO:6904) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Proxene Tools Co Ltd (ROCO:6904) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Alley 28, Lane 360, Zhongshan Road, Shengang District, Taichung City, TWN, 42947

Website

https://www.proxene.com.tw

Proxene Tools Co Ltd engages in the manufacturing and exporting of adjustable angle wrenches in Taiwan. It offers industrial hand tools manufacturing adjustable wrench hand tools, wrenches, Industrial Video Borescope, Diagnostic equipment, and Car care products.

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