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Innovation Medical Management Co (SZSE:002173) Total Assets : ¥2,264.3 Mil (As of Mar. 2024)


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What is Innovation Medical Management Co Total Assets?

Innovation Medical Management Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,264.3 Mil.

During the past 12 months, Innovation Medical Management Co's average Total Assets Growth Rate was 0.90% per year. During the past 3 years, the average Total Assets Growth Rate was -1.90% per year. During the past 5 years, the average Total Assets Growth Rate was -9.80% per year. During the past 10 years, the average Total Assets Growth Rate was 4.20% per year.

During the past 13 years, Innovation Medical Management Co's highest 3-Year average Total Assets Growth Rate was 59.00%. The lowest was -24.00%. And the median was 10.20%.

Total Assets is connected with ROA %. Innovation Medical Management Co's annualized ROA % for the quarter that ended in Mar. 2024 was -0.52%. Total Assets is also linked to Revenue through Asset Turnover. Innovation Medical Management Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.


Innovation Medical Management Co Total Assets Historical Data

The historical data trend for Innovation Medical Management 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.

Innovation Medical Management Co Total Assets Chart

Innovation Medical Management Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,968.04 2,738.09 2,544.39 2,339.60 2,281.47

Innovation Medical Management Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,327.79 2,261.74 2,290.95 2,281.47 2,264.28

Innovation Medical Management 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.

Innovation Medical Management 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 )
=1871.087+410.386
=2,281.5

Innovation Medical Management 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 )
=1868.108+396.177
=2,264.3

* 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.


Innovation Medical Management Co  (SZSE:002173) Total Assets Explanation

Total Assets is connected with ROA %.

Innovation Medical Management 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 )
=-11.912/( (2281.473+2264.284)/ 2 )
=-11.912/2272.8785
=-0.52 %

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.

Innovation Medical Management 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 )
=201.345/( (2281.473+2264.284)/ 2 )
=201.345/2272.8785
=0.09

* 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.

Innovation Medical Management Co Total Assets Related Terms

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Innovation Medical Management Co (SZSE:002173) Business Description

Traded in Other Exchanges
N/A
Address
Pearl Industrial Park, Shanxiahu Town, Zhejiang Province, Zhuji, CHN, 311804
Innovation Medical Management Co Ltd is involved in diversified pearl industry. It is engaged in the pearl farming, processing, design and sales, import and export, tradeand research and bio pharmaceutical that develops pearls. It also has online store which offers pearl necklace, pendant, earrings, ring, bracelets and chain.
Executives
Ma Jian Jian Executives
Ruan Guang Yin Director
Chen Hai Jun Director
Wang Song Tao Director
He Yong Ji Director
Chen Xia Ying Director
Ma San Guang Directors, executives
Sun Bo Ren Director
Lou Lai Feng Directors, executives
Lou Yong Qi Supervisors

Innovation Medical Management Co (SZSE:002173) Headlines

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