Shanghai Smith Adhesive New Material Co (SHSE:603683) Total Assets : ¥2,491 Mil (As of Sep. 2024)

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What is Shanghai Smith Adhesive New Material Co Total Assets?

Shanghai Smith Adhesive New Material Co's Total Assets for the quarter that ended in Sep. 2024 was ¥2,491 Mil.

During the past 12 months, Shanghai Smith Adhesive New Material Co's average Total Assets Growth Rate was 37.70% per year. During the past 3 years, the average Total Assets Growth Rate was 7.50% per year. During the past 5 years, the average Total Assets Growth Rate was 8.70% per year. During the past 10 years, the average Total Assets Growth Rate was 18.00% per year.

During the past 12 years, Shanghai Smith Adhesive New Material Co's highest 3-Year average Total Assets Growth Rate was 33.50%. The lowest was 5.40%. And the median was 13.70%.

Total Assets is connected with ROA %. Shanghai Smith Adhesive New Material Co's annualized ROA % for the quarter that ended in Sep. 2024 was 4.37%. Total Assets is also linked to Revenue through Asset Turnover. Shanghai Smith Adhesive New Material Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.21.

Shanghai Smith Adhesive New Material Co Total Assets Historical Data

The historical data trend for Shanghai Smith Adhesive New Material 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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Shanghai Smith Adhesive New Material Co Total Assets Chart

Shanghai Smith Adhesive New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,511.90

1,655.76

1,760.71

1,840.18

2,127.04

Shanghai Smith Adhesive New Material Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															2,178.98	2,127.04	2,253.67	2,335.52	2,490.84

Shanghai Smith Adhesive New Material 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.

Shanghai Smith Adhesive New Material 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 )
	=	1288.738	+	838.303
	=	2,127

Shanghai Smith Adhesive New Material Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	1334.979	+	1155.865
	=	2,491

Shanghai Smith Adhesive New Material Co (SHSE:603683) Total Assets Explanation

Total Assets is connected with ROA %.

Shanghai Smith Adhesive New Material Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	105.392	/	( (2335.517	+	2490.844)	/ 2 )
	=	105.392	/	2413.1805
	=	4.37 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Shanghai Smith Adhesive New Material Co's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	502.557	/	( (2335.517	+	2490.844)	/ 2 )
=	502.557	/	2413.1805
=	0.21

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.

Shanghai Smith Adhesive New Material Co Total Assets Related Terms

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Shanghai Smith Adhesive New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Smith Adhesive New Material Co Ltd (SHSE:603683) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianfan Road, Room 1702, Building 8, Lane 237, Xinqiao Town, Songjiang District, Shanghai, CHN, 201600

Website

http://www.smithcn.com

Shanghai Smith Adhesive New Material Co Ltd is engaged in producing and manufacturing adhesive materials, including special paper, profile adhesive tape, electronic adhesive tape, cloth-based adhesive tape and other adhesive tape products. Its main products include masking tape, duct tape, rice tape, double-sided tape, foam tape, aluminum foil tape, kraft paper tape, bopp tape, covering tape and industrial tape. Products are widely used in various fields such as household, automotive, stationary, electronic and other fields.

Executives

Wei Jia Cun	Supervisors
Zhou Xiao Nan	Directors, senior managers
Zhou De Biao	Supervisors
Zhou Xiao Dong	Director
Zheng Zhang Qin	Director
Pan Xiao Chan	senior management
Bai Qiu Mei	Director
Yin Li	senior management

Shanghai Smith Adhesive New Material Co Headlines

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