Shenzhen Injoinic Technology Co (SHSE:688209) Total Assets : ¥1,947 Mil (As of Mar. 2024)

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What is Shenzhen Injoinic Technology Co Total Assets?

Shenzhen Injoinic Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,947 Mil.

Warning Sign:

If a company builds assets at 58.3% a year, faster than its revenue growth rate of 31.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Shenzhen Injoinic Technology Co's average Total Assets Growth Rate was 40.20% per year. During the past 3 years, the average Total Assets Growth Rate was 34.90% per year. During the past 5 years, the average Total Assets Growth Rate was 58.30% per year.

During the past 6 years, Shenzhen Injoinic Technology Co's highest 3-Year average Total Assets Growth Rate was 73.00%. The lowest was 34.90%. And the median was 58.10%.

Total Assets is connected with ROA %. Shenzhen Injoinic Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 0.81%. Total Assets is also linked to Revenue through Asset Turnover. Shenzhen Injoinic Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Shenzhen Injoinic Technology Co Total Assets Historical Data

The historical data trend for Shenzhen Injoinic Technology 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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Shenzhen Injoinic Technology Co Total Assets Chart

Shenzhen Injoinic Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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272.43

565.84

807.07

1,872.03

1,983.66

Shenzhen Injoinic Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												1,868.65	1,817.19	1,894.36	1,983.66	1,946.80

Shenzhen Injoinic Technology 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.

Shenzhen Injoinic Technology 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 )
	=	1830.165	+	153.496
	=	1,984

Shenzhen Injoinic Technology 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 )
	=	1815.898	+	130.898
	=	1,947

Shenzhen Injoinic Technology Co (SHSE:688209) Total Assets Explanation

Total Assets is connected with ROA %.

Shenzhen Injoinic Technology 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 )
	=	15.848	/	( (1983.661	+	1946.796)	/ 2 )
	=	15.848	/	1965.2285
	=	0.81 %

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.

Shenzhen Injoinic Technology 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 )
=	261.186	/	( (1983.661	+	1946.796)	/ 2 )
=	261.186	/	1965.2285
=	0.13

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.

Shenzhen Injoinic Technology Co Total Assets Related Terms

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Shenzhen Injoinic Technology Co (SHSE:688209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Injoinic Technology Co Ltd (SHSE:688209) » Definitions » Total Assets

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Address

Xili Community, Xili Street, Shenzhen International Innovation Valley, R&D room 3104, Block A, Building 8,, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.injoinic.com

Shenzhen Injoinic Technology Co Ltd is engaged in the research and development and sales of power management chips and fast charging protocol chips.

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