Scientific Energy (Scientific Energy) Total Assets : $84.72 Mil (As of Mar. 2024)

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What is Scientific Energy Total Assets?

Scientific Energy's Total Assets for the quarter that ended in Mar. 2024 was $84.72 Mil.

During the past 12 months, Scientific Energy's average Total Assets Growth Rate was 4.90% per year. During the past 3 years, the average Total Assets Growth Rate was 955.50% per year. During the past 5 years, the average Total Assets Growth Rate was 628.60% per year. During the past 10 years, the average Total Assets Growth Rate was 143.90% per year.

During the past 13 years, Scientific Energy's highest 3-Year average Total Assets Growth Rate was 1610.80%. The lowest was -81.30%. And the median was 16.40%.

Total Assets is connected with ROA %. Scientific Energy's annualized ROA % for the quarter that ended in Mar. 2024 was 2.00%. Total Assets is also linked to Revenue through Asset Turnover. Scientific Energy's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Scientific Energy Total Assets Historical Data

The historical data trend for Scientific Energy'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.

Scientific Energy Total Assets Chart

Scientific Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.12

0.08

83.88

81.18

81.95

Scientific Energy 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															79.30	79.72	79.63	81.95	84.72

Scientific Energy 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.

Scientific Energy'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 )
	=	68.606	+	13.343
	=	81.95

Scientific Energy'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 )
	=	69.005	+	15.718
	=	84.72

Scientific Energy (OTCPK:SCGY) Total Assets Explanation

Total Assets is connected with ROA %.

Scientific Energy'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 )
	=	1.664	/	( (81.949	+	84.722)	/ 2 )
	=	1.664	/	83.3355
	=	2.00 %

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.

Scientific Energy'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 )
=	10.405	/	( (81.949	+	84.722)	/ 2 )
=	10.405	/	83.3355
=	0.12

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.

Scientific Energy Total Assets Related Terms

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Scientific Energy (Scientific Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Scientific Energy Inc (OTCPK:SCGY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Xian Xinghai Great Road, Room K, 9F, Golden Dragon Centre, Macau, CHN

Website

http://www.makeliving.com

Scientific Energy Inc involves in the e-commerce industry. It is a firm principally engaged in developing a website (Makeliving) for providing an e-commerce platform provisioning exchange of goods and services along with its subsidiary. Makeliving is intended to act both as a platform and as a conduit between individuals or companies who desire to acquire goods and services to individuals or companies who desire to offer goods and services.

Executives

Haitao Jiang	10 percent owner	RUA DE MADRID, NO.21, WAN YU VILLAS, 9J, MACAU N5 999078
Aspect Group Ltd	10 percent owner	HY DIAMOND EXCHANGE BLDG, SUITE A, 7TH FLOOR, HONG KONG XX CHINA
Liang Huang	10 percent owner	NO. 43 KUIHUALI, APT. 502, ZHUHUI DISTRICT, HENGYANG, HUNAN PROVINCE F4 421002
Chan Stanley P.c.	10 percent owner	C/O 475 EAST 70TH STREET, #7C, NEW YORK NY 10021
Dale C Gledhill	director	630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Todd B Crosland	director, 10 percent owner, officer: President	630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Mark Clawson	director	630 N. 400 WEST, SALT LAKE CITY UT 84103
Jana K Meyer	director, officer: Secretary	630 N. 400 WEST, SALT LAKE CITY UT 84103

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