Bescient Technologies Co (SHSE:688671) Total Assets : ¥1,386.2 Mil (As of Mar. 2024)

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What is Bescient Technologies Co Total Assets?

Bescient Technologies Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,386.2 Mil.

During the past 12 months, Bescient Technologies Co's average Total Assets Growth Rate was 45.60% per year. During the past 3 years, the average Total Assets Growth Rate was 14.10% per year.

During the past 5 years, Bescient Technologies Co's highest 3-Year average Total Assets Growth Rate was 14.10%. The lowest was 11.20%. And the median was 12.65%.

Total Assets is connected with ROA %. Bescient Technologies Co's annualized ROA % for the quarter that ended in Mar. 2024 was -0.53%. Total Assets is also linked to Revenue through Asset Turnover. Bescient Technologies Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Bescient Technologies Co Total Assets Historical Data

The historical data trend for Bescient 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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Bescient Technologies Co Total Assets Chart

Bescient Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

520.61

798.52

748.58

749.50

1,458.27

Bescient Technologies Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							735.01	747.22	1,359.30	1,458.27	1,386.22

Bescient 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.

Bescient 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 )
	=	1148.051	+	310.219
	=	1,458.3

Bescient Technologies 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 )
	=	1145.985	+	240.237
	=	1,386.2

Bescient Technologies Co (SHSE:688671) Total Assets Explanation

Total Assets is connected with ROA %.

Bescient Technologies 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 )
	=	-7.524	/	( (1458.27	+	1386.222)	/ 2 )
	=	-7.524	/	1422.246
	=	-0.53 %

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.

Bescient Technologies 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 )
=	48.359	/	( (1458.27	+	1386.222)	/ 2 )
=	48.359	/	1422.246
=	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.

Bescient Technologies Co Total Assets Related Terms

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Bescient Technologies Co (SHSE:688671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bescient Technologies Co Ltd (SHSE:688671) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Liuxian 3rd Road, Xin'an Street, Room 301, Building 2, Runheng Industrial Zone, No. 1, Xingdong, Bao'an, Guangdong, Shenzhen, CHN, 518101

Website

http://www.bx-tec.com

Bescient Technologies Co Ltd is a national high-tech backbone enterprise engaged in the development of environmental automatic monitoring. It has always focused on the independent research and development of scientific instruments and big data and is committed to building multi-industry intelligent applications and services that perceive and interconnect all things, and provide strong technical support for the construction of the national ecological environment, water conservancy and public safety. Its main business involves research and development, production and technical services in the fields of intelligent environmental monitoring equipment, environmental monitoring Internet of Things and ecological environment big data, smart water affairs, digital agriculture, and public security.

Executives

He Yuan Ping

Director

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