Suzhou Agioe Technologies Co (SHSE:688450) Total Assets : ¥1,258.0 Mil (As of Jun. 2024)

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What is Suzhou Agioe Technologies Co Total Assets?

Suzhou Agioe Technologies Co's Total Assets for the quarter that ended in Jun. 2024 was ¥1,258.0 Mil.

During the past 12 months, Suzhou Agioe Technologies Co's average Total Assets Growth Rate was 132.00% per year. During the past 3 years, the average Total Assets Growth Rate was 70.80% per year.

During the past 5 years, Suzhou Agioe Technologies Co's highest 3-Year average Total Assets Growth Rate was 70.80%. The lowest was 38.00%. And the median was 54.40%.

Total Assets is connected with ROA %. Suzhou Agioe Technologies Co's annualized ROA % for the quarter that ended in Jun. 2024 was -2.55%. Total Assets is also linked to Revenue through Asset Turnover. Suzhou Agioe Technologies Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.03.

Suzhou Agioe Technologies Co Total Assets Historical Data

The historical data trend for Suzhou Agioe Technologies 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 Agioe Technologies Co Total Assets Chart

Suzhou Agioe Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

179.62

260.30

364.21

461.25

1,310.36

Suzhou Agioe Technologies Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial									521.61	1,290.36	1,310.36	1,284.13	1,257.99

Suzhou Agioe Technologies 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 Agioe Technologies 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 )
	=	1096.312	+	214.042
	=	1,310.4

Suzhou Agioe Technologies Co's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	1062.282	+	195.71
	=	1,258.0

Suzhou Agioe Technologies Co (SHSE:688450) Total Assets Explanation

Total Assets is connected with ROA %.

Suzhou Agioe Technologies Co's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-32.448	/	( (1284.125	+	1257.992)	/ 2 )
	=	-32.448	/	1271.0585
	=	-2.55 %

Note: The Net Income data used here is four times the quarterly (Jun. 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 Agioe Technologies Co's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	42.238	/	( (1284.125	+	1257.992)	/ 2 )
=	42.238	/	1271.0585
=	0.03

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 Agioe Technologies Co Total Assets Related Terms

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Suzhou Agioe Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Agioe Technologies Co Ltd (SHSE:688450) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

No. 270 Dongping Street, 3C, 3D, Aoyang Shunchang Building, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123

Website

http://www.agioe.com

Suzhou Agioe Technologies Co Ltd is a high-tech enterprise focusing on the research, development, production and sales of a new generation of optical fiber sensing network and asset digital operation and maintenance management system. The company has formed a series of products such as power facility asset monitoring operation and maintenance management system, submarine cable asset monitoring operation and maintenance management system, and integrated pipeline asset monitoring operation and maintenance management system, which are widely used in power grids, offshore wind power, integrated pipelines, petroleum and petrochemical and other important areas of the national economy.

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