Guangzhou Hexin Instrument Co (SHSE:688622) Total Assets : ¥970.1 Mil (As of Sep. 2024)

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What is Guangzhou Hexin Instrument Co Total Assets?

Guangzhou Hexin Instrument Co's Total Assets for the quarter that ended in Sep. 2024 was ¥970.1 Mil.

Warning Sign:

If a company builds assets at 46.8% a year, faster than its revenue growth rate of 12.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Guangzhou Hexin Instrument Co's average Total Assets Growth Rate was 0.40% per year. During the past 3 years, the average Total Assets Growth Rate was 32.00% per year. During the past 5 years, the average Total Assets Growth Rate was 46.80% per year.

During the past 8 years, Guangzhou Hexin Instrument Co's highest 3-Year average Total Assets Growth Rate was 64.20%. The lowest was 25.60%. And the median was 48.20%.

Total Assets is connected with ROA %. Guangzhou Hexin Instrument Co's annualized ROA % for the quarter that ended in Sep. 2024 was -0.04%. Total Assets is also linked to Revenue through Asset Turnover. Guangzhou Hexin Instrument Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.05.

Guangzhou Hexin Instrument Co Total Assets Historical Data

The historical data trend for Guangzhou Hexin Instrument 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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Guangzhou Hexin Instrument Co Total Assets Chart

Guangzhou Hexin Instrument Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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354.14

555.88

931.40

971.85

1,081.14

Guangzhou Hexin Instrument 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															1,094.05	1,081.14	1,053.42	994.13	970.07

Guangzhou Hexin Instrument 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.

Guangzhou Hexin Instrument 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 )
	=	417.688	+	663.45
	=	1,081.1

Guangzhou Hexin Instrument 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 )
	=	393.483	+	576.588
	=	970.1

Guangzhou Hexin Instrument Co (SHSE:688622) Total Assets Explanation

Total Assets is connected with ROA %.

Guangzhou Hexin Instrument 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 )
	=	-0.368	/	( (994.131	+	970.072)	/ 2 )
	=	-0.368	/	982.1015
	=	-0.04 %

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.

Guangzhou Hexin Instrument 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 )
=	46.145	/	( (994.131	+	970.072)	/ 2 )
=	46.145	/	982.1015
=	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.

Guangzhou Hexin Instrument Co Total Assets Related Terms

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Guangzhou Hexin Instrument Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Hexin Instrument Co Ltd (SHSE:688622) » Definitions » Total Assets

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Address

No. 11 Kaiyuan Avenue, Room 102, Building A3, Room 301, Room 401, Huangpu District, Guangdong Province, Guangzhou, CHN, 510530

Website

http://www.tofms.net

Guangzhou Hexin Instrument Co Ltd is engaged in providing high-end mass spectrometry products as well as relevant testing service. The company provides various high quality mass spectrometry products and service solutions in the fields of environmental monitoring, biological sciences, medicine, food safety, and industrial production, among others.

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