Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Total Assets : ¥2,194.7 Mil (As of Mar. 2024)

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What is Shanghai W-Ibeda High Tech Group Co Total Assets?

Shanghai W-Ibeda High Tech Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,194.7 Mil.

During the past 12 months, Shanghai W-Ibeda High Tech Group Co's average Total Assets Growth Rate was 59.50% per year. During the past 3 years, the average Total Assets Growth Rate was 51.30% per year. During the past 5 years, the average Total Assets Growth Rate was 36.70% per year.

During the past 7 years, Shanghai W-Ibeda High Tech Group Co's highest 3-Year average Total Assets Growth Rate was 51.30%. The lowest was 14.90%. And the median was 31.80%.

Total Assets is connected with ROA %. Shanghai W-Ibeda High Tech Group Co's annualized ROA % for the quarter that ended in Mar. 2024 was -1.80%. Total Assets is also linked to Revenue through Asset Turnover. Shanghai W-Ibeda High Tech Group Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Shanghai W-Ibeda High Tech Group Co Total Assets Historical Data

The historical data trend for Shanghai W-Ibeda High Tech Group 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 W-Ibeda High Tech Group Co Total Assets Chart

Shanghai W-Ibeda High Tech Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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488.44

600.99

969.58

1,323.78

2,110.46

Shanghai W-Ibeda High Tech Group Co Quarterly Data
	Dec17	Dec18	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															1,327.25	1,931.70	1,994.80	2,110.46	2,194.74

Shanghai W-Ibeda High Tech Group 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 W-Ibeda High Tech Group 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 )
	=	1042.837	+	1067.626
	=	2,110.5

Shanghai W-Ibeda High Tech Group 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 )
	=	1026.335	+	1168.407
	=	2,194.7

Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Total Assets Explanation

Total Assets is connected with ROA %.

Shanghai W-Ibeda High Tech Group 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 )
	=	-38.772	/	( (2110.463	+	2194.743)	/ 2 )
	=	-38.772	/	2152.603
	=	-1.80 %

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.

Shanghai W-Ibeda High Tech Group 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 )
=	101.813	/	( (2110.463	+	2194.743)	/ 2 )
=	101.813	/	2152.603
=	0.05

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 W-Ibeda High Tech Group Co Total Assets Related Terms

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Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai W-Ibeda High Tech Group Co Ltd (SHSE:688071) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 400 Fangchun Road, Room 301-206, 3rd Floor, Building 1, Pilot Free Trade Zone, Shanghai, CHN, 201202

Website

http://www.w-ibeda.com

Shanghai W-Ibeda High Tech Group Co Ltd is engaged in the research and development, design, manufacturing, sales and provision of related testing services for intelligent test equipment for automotive powertrains.

Executives

Wang Yu	Core technical personnel
Pan Min	Director
Zhang Jie Ping	Core technical personnel
	Core technical personnel

Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Headlines

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