Suzhou Novoprotein Scientific Co (SHSE:688137) Total Assets : ¥2,310.1 Mil (As of Mar. 2024)

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What is Suzhou Novoprotein Scientific Co Total Assets?

Suzhou Novoprotein Scientific Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,310.1 Mil.

During the past 12 months, Suzhou Novoprotein Scientific Co's average Total Assets Growth Rate was 110.70% per year. During the past 3 years, the average Total Assets Growth Rate was 107.50% per year. During the past 5 years, the average Total Assets Growth Rate was 115.70% per year.

During the past 6 years, Suzhou Novoprotein Scientific Co's highest 3-Year average Total Assets Growth Rate was 150.70%. The lowest was 107.50%. And the median was 134.10%.

Total Assets is connected with ROA %. Suzhou Novoprotein Scientific Co's annualized ROA % for the quarter that ended in Mar. 2024 was -0.46%. Total Assets is also linked to Revenue through Asset Turnover. Suzhou Novoprotein Scientific Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Suzhou Novoprotein Scientific Co Total Assets Historical Data

The historical data trend for Suzhou Novoprotein Scientific 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 Novoprotein Scientific Co Total Assets Chart

Suzhou Novoprotein Scientific Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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32.01

184.79

513.10

2,333.48

2,298.92

Suzhou Novoprotein Scientific Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial											2,353.12	2,305.14	2,300.88	2,298.92	2,310.13

Suzhou Novoprotein Scientific 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 Novoprotein Scientific 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 )
	=	2188.489	+	110.426
	=	2,298.9

Suzhou Novoprotein Scientific 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 )
	=	2189.068	+	121.058
	=	2,310.1

Suzhou Novoprotein Scientific Co (SHSE:688137) Total Assets Explanation

Total Assets is connected with ROA %.

Suzhou Novoprotein Scientific 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 )
	=	-10.52	/	( (2298.915	+	2310.126)	/ 2 )
	=	-10.52	/	2304.5205
	=	-0.46 %

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 Novoprotein Scientific 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 )
=	26.087	/	( (2298.915	+	2310.126)	/ 2 )
=	26.087	/	2304.5205
=	0.01

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 Novoprotein Scientific Co Total Assets Related Terms

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Suzhou Novoprotein Scientific Co (SHSE:688137) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Suzhou Novoprotein Scientific Co Ltd (SHSE:688137) » Definitions » Total Assets

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Address

No. 228, Yunchuang Road, 3rd & 4th Floor, Wujiang Economic and Technological Development Zone, Jiangsu Province, Suzhou, CHN, 215299

Website

http://www.novoprotein.com.cn

Suzhou Novoprotein Scientific Co Ltd is a high-tech enterprise focusing on recombinant protein application solutions. Its main business is the research and development of target and cytokine proteins, recombinant antibodies, enzymes and reagents, Production and sales, and provide related technical services.

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