Suzhou Secote Precision Electronic Co (SHSE:603283) Total Assets : ¥4,744 Mil (As of Mar. 2024)

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What is Suzhou Secote Precision Electronic Co Total Assets?

Suzhou Secote Precision Electronic Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,744 Mil.

During the past 12 months, Suzhou Secote Precision Electronic Co's average Total Assets Growth Rate was -3.90% per year. During the past 3 years, the average Total Assets Growth Rate was 8.10% per year. During the past 5 years, the average Total Assets Growth Rate was 28.90% per year. During the past 10 years, the average Total Assets Growth Rate was 47.00% per year.

During the past 11 years, Suzhou Secote Precision Electronic Co's highest 3-Year average Total Assets Growth Rate was 81.60%. The lowest was 8.10%. And the median was 44.15%.

Total Assets is connected with ROA %. Suzhou Secote Precision Electronic Co's annualized ROA % for the quarter that ended in Mar. 2024 was 8.07%. Total Assets is also linked to Revenue through Asset Turnover. Suzhou Secote Precision Electronic Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.17.

Suzhou Secote Precision Electronic Co Total Assets Historical Data

The historical data trend for Suzhou Secote Precision Electronic 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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Suzhou Secote Precision Electronic Co Total Assets Chart

Suzhou Secote Precision Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,089.93

3,330.94

3,732.61

4,842.01

4,621.42

Suzhou Secote Precision Electronic 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															4,845.35	4,965.25	5,567.25	4,621.42	4,743.65

Suzhou Secote Precision Electronic 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.

Suzhou Secote Precision Electronic 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 )
	=	2242.877	+	2378.547
	=	4,621

Suzhou Secote Precision Electronic 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 )
	=	2314.401	+	2429.244
	=	4,744

Suzhou Secote Precision Electronic Co (SHSE:603283) Total Assets Explanation

Total Assets is connected with ROA %.

Suzhou Secote Precision Electronic 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 )
	=	377.808	/	( (4621.424	+	4743.645)	/ 2 )
	=	377.808	/	4682.5345
	=	8.07 %

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.

Suzhou Secote Precision Electronic 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 )
=	774.027	/	( (4621.424	+	4743.645)	/ 2 )
=	774.027	/	4682.5345
=	0.17

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.

Suzhou Secote Precision Electronic Co Total Assets Related Terms

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Suzhou Secote Precision Electronic Co (SHSE:603283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Secote Precision Electronic Co Ltd (SHSE:603283) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.4 South Dongwu Road, Wuzhong, Suzhou, CHN, 215168

Website

http://www.secote.com

Suzhou Secote Precision Electronic Co Ltd is engaged in the provision of automation solutions. Secote offers technical consultancy, feasibility studies, data experimentation, system design, programming, system integration, installation and tuning, and other services. The company also provides measurement and detection equipment and fixtures. Secote's products are widely used in the consumer electronics, automotive, medical, household appliance, apparel and personal care, food service, and cosmetics industries.

Executives

Yang Wei	Director
	Director
Chen Xiang Bing	Director
Li San Bao	Director
Zhao Jian Hua	Directors, senior managers
Huang Yuan Yuan	senior management
Wang Yong	Director
Sun Feng	Directors, senior managers
Bie Yuan Feng	Supervisors
Sun Quan	Supervisors
Lou Hong Wei	Director
Liu Yan Wei	senior management
Ceng Hui	Director
Fu Kai Qiang	Director
Liu Hong Ning	senior management

Suzhou Secote Precision Electronic Co (SHSE:603283) Headlines

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