WebRAY Tech Group (SHSE:688651) Total Assets : ¥1,112.9 Mil (As of Sep. 2024)

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What is WebRAY Tech Group Total Assets?

WebRAY Tech Group's Total Assets for the quarter that ended in Sep. 2024 was ¥1,112.9 Mil.

Warning Sign:

If a company builds assets at 38.3% a year, faster than its revenue growth rate of 23.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, WebRAY Tech Group's average Total Assets Growth Rate was 70.00% per year. During the past 3 years, the average Total Assets Growth Rate was 49.90% per year. During the past 5 years, the average Total Assets Growth Rate was 38.30% per year.

During the past 10 years, WebRAY Tech Group's highest 3-Year average Total Assets Growth Rate was 94.60%. The lowest was 33.10%. And the median was 49.90%.

Total Assets is connected with ROA %. WebRAY Tech Group's annualized ROA % for the quarter that ended in Sep. 2024 was -5.86%. Total Assets is also linked to Revenue through Asset Turnover. WebRAY Tech Group's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.

WebRAY Tech Group Total Assets Historical Data

The historical data trend for WebRAY Tech Group'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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WebRAY Tech Group Total Assets Chart

WebRAY Tech Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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123.97

247.04

314.88

368.91

1,140.76

WebRAY Tech Group Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															1,031.30	1,140.76	1,140.59	1,093.00	1,112.86

WebRAY Tech Group 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.

WebRAY Tech Group'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 )
	=	1002.907	+	137.849
	=	1,140.8

WebRAY Tech Group'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 )
	=	952.759	+	160.104
	=	1,112.9

WebRAY Tech Group (SHSE:688651) Total Assets Explanation

Total Assets is connected with ROA %.

WebRAY Tech Group'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 )
	=	-64.652	/	( (1093.004	+	1112.863)	/ 2 )
	=	-64.652	/	1102.9335
	=	-5.86 %

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.

WebRAY Tech Group'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 )
=	48.12	/	( (1093.004	+	1112.863)	/ 2 )
=	48.12	/	1102.9335
=	0.04

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.

WebRAY Tech Group Total Assets Related Terms

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WebRAY Tech Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WebRAY Tech Group Inc (SHSE:688651) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

No. 9, Shangdi Ninth Street, Room 209, 2nd Floor, Haidian, Beijing, CHN, 100085

Website

http://www.webray.com.cn

WebRAY Tech (Beijing) Co Ltd is engaged in Research and development, production and sales of network security products. The company is focused on the field of cyberspace security, with the mission of making cyberspace more orderly, providing customers with basic network security, business scene security, and cyberspace map security products and services.

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