GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Tengda Fasten Tech Co Ltd (SZSE:001379) » Definitions » Total Assets

Shandong Tengda Fasten Tech Co (SZSE:001379) Total Assets : ¥1,997 Mil (As of Mar. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Shandong Tengda Fasten Tech Co Total Assets?

Shandong Tengda Fasten Tech Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,997 Mil.

During the past 12 months, Shandong Tengda Fasten Tech Co's average Total Assets Growth Rate was -31.80% per year. During the past 3 years, the average Total Assets Growth Rate was 11.60% per year.

During the past 5 years, Shandong Tengda Fasten Tech Co's highest 3-Year average Total Assets Growth Rate was 11.60%. The lowest was 9.80%. And the median was 10.70%.

Total Assets is connected with ROA %. Shandong Tengda Fasten Tech Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.10%. Total Assets is also linked to Revenue through Asset Turnover. Shandong Tengda Fasten Tech Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.24.

Shandong Tengda Fasten Tech Co Total Assets Historical Data

The historical data trend for Shandong Tengda Fasten Tech 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.

* Premium members only.

Shandong Tengda Fasten Tech Co Total Assets Chart

Shandong Tengda Fasten Tech Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
924.00 860.49 1,236.42 1,603.51 1,417.36

Shandong Tengda Fasten Tech Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,653.20 1,629.65 1,529.13 1,417.36 1,997.20

Shandong Tengda Fasten Tech 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.

Shandong Tengda Fasten Tech 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 )
=652.211+765.151
=1,417

Shandong Tengda Fasten Tech 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 )
=1437.63+559.57
=1,997

* 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.

Shandong Tengda Fasten Tech Co  (SZSE:001379) Total Assets Explanation

Total Assets is connected with ROA %.

Shandong Tengda Fasten Tech 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 )
=69.948/( (1417.361+1997.199)/ 2 )
=69.948/1707.28
=4.10 %

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.

Shandong Tengda Fasten Tech 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 )
=412.034/( (1417.361+1997.199)/ 2 )
=412.034/1707.28
=0.24

* 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.

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.

Shandong Tengda Fasten Tech Co Total Assets Related Terms

Thank you for viewing the detailed overview of Shandong Tengda Fasten Tech Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Tengda Fasten Tech Co (SZSE:001379) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Tengda Fasten Tech Co Ltd (SZSE:001379) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
Website
Shandong Tengda Fasten Tech Co Ltd is engaged in research and development, production and sales of stainless steel fastener products. Its product include bolt, nut, screws, washer, rivet, wood etc.

Shandong Tengda Fasten Tech Co (SZSE:001379) Headlines

No Headlines