Shanghai Hi-Tech Control System Co (SZSE:002184) Total Assets : ¥4,264 Mil (As of Mar. 2024)

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What is Shanghai Hi-Tech Control System Co Total Assets?

Shanghai Hi-Tech Control System Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,264 Mil.

During the past 12 months, Shanghai Hi-Tech Control System Co's average Total Assets Growth Rate was 31.20% per year. During the past 3 years, the average Total Assets Growth Rate was 20.30% per year. During the past 5 years, the average Total Assets Growth Rate was 13.20% per year. During the past 10 years, the average Total Assets Growth Rate was 7.80% per year.

During the past 13 years, Shanghai Hi-Tech Control System Co's highest 3-Year average Total Assets Growth Rate was 33.20%. The lowest was -2.80%. And the median was 15.30%.

Total Assets is connected with ROA %. Shanghai Hi-Tech Control System Co's annualized ROA % for the quarter that ended in Mar. 2024 was -1.12%. Total Assets is also linked to Revenue through Asset Turnover. Shanghai Hi-Tech Control System Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Shanghai Hi-Tech Control System Co Total Assets Historical Data

The historical data trend for Shanghai Hi-Tech Control System 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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Shanghai Hi-Tech Control System Co Total Assets Chart

Shanghai Hi-Tech Control System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,021.89

2,354.20

2,575.98

3,129.58

4,497.90

Shanghai Hi-Tech Control System 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															3,192.26	3,613.47	4,314.72	4,497.90	4,263.97

Shanghai Hi-Tech Control System 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.

Shanghai Hi-Tech Control System 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 )
	=	1787.27	+	2710.633
	=	4,498

Shanghai Hi-Tech Control System 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 )
	=	1767.65	+	2496.317
	=	4,264

Shanghai Hi-Tech Control System Co (SZSE:002184) Total Assets Explanation

Total Assets is connected with ROA %.

Shanghai Hi-Tech Control System 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 )
	=	-49.18	/	( (4497.903	+	4263.968)	/ 2 )
	=	-49.18	/	4380.9355
	=	-1.12 %

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.

Shanghai Hi-Tech Control System 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 )
=	477.797	/	( (4497.903	+	4263.968)	/ 2 )
=	477.797	/	4380.9355
=	0.11

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.

Shanghai Hi-Tech Control System Co Total Assets Related Terms

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Shanghai Hi-Tech Control System Co (SZSE:002184) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Hi-Tech Control System Co Ltd (SZSE:002184) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 900 Yishan Road, Science and Technology Development Building, Block B, 17F, Shanghai, Shanghai, CHN, 200233

Website

http://www.hite.com.cn

Shanghai Hi-Tech Control System Co Ltd operates in the field of industry informatization and automation. The company provides industry users with informatization and intelligentization control products, electric automation and informatization products. Its products offering include a wind turbine converter, industrial control products and systems, industrial network products, and power electric products.

Executives

Zhao Da Di	Director
Guo Meng Rong	Directors, executives
Xu Hong	Director
Wu Qiu Nong	Directors, executives
Lu Wen Jing	Supervisors
He Yong Jun	Executives
Hu Yu	Executives, directors
Shi Chao Zhu	Director
Zhang Zhe Zhi	Executives
Wang Xiao Bo	Supervisors
Wu Huan Qun	Supervisors
Fang Jian	Director
Sheng Ya Ping	Supervisors

Shanghai Hi-Tech Control System Co (SZSE:002184) Headlines

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