Avcon Information Technology Co (SZSE:300074) Total Assets : ¥1,537.2 Mil (As of Jun. 2024)

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What is Avcon Information Technology Co Total Assets?

Avcon Information Technology Co's Total Assets for the quarter that ended in Jun. 2024 was ¥1,537.2 Mil.

During the past 12 months, Avcon Information Technology Co's average Total Assets Growth Rate was -3.40% per year. During the past 3 years, the average Total Assets Growth Rate was -3.60% per year. During the past 5 years, the average Total Assets Growth Rate was -0.20% per year. During the past 10 years, the average Total Assets Growth Rate was 8.30% per year.

During the past 13 years, Avcon Information Technology Co's highest 3-Year average Total Assets Growth Rate was 70.80%. The lowest was -3.60%. And the median was 23.80%.

Total Assets is connected with ROA %. Avcon Information Technology Co's annualized ROA % for the quarter that ended in Jun. 2024 was -8.93%. Total Assets is also linked to Revenue through Asset Turnover. Avcon Information Technology Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.03.

Avcon Information Technology Co Total Assets Historical Data

The historical data trend for Avcon Information Technology 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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Avcon Information Technology Co Total Assets Chart

Avcon Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,589.39

1,746.26

1,795.97

1,603.23

1,633.95

Avcon Information Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															1,539.10	1,539.59	1,633.95	1,534.12	1,537.19

Avcon Information Technology 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.

Avcon Information Technology 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 )
	=	1114.184	+	519.769
	=	1,634.0

Avcon Information Technology Co's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	1054.641	+	482.544
	=	1,537.2

Avcon Information Technology Co (SZSE:300074) Total Assets Explanation

Total Assets is connected with ROA %.

Avcon Information Technology Co's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-137.084	/	( (1534.115	+	1537.185)	/ 2 )
	=	-137.084	/	1535.65
	=	-8.93 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Avcon Information Technology Co's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	42.25	/	( (1534.115	+	1537.185)	/ 2 )
=	42.25	/	1535.65
=	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.

Avcon Information Technology Co Total Assets Related Terms

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Avcon Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avcon Information Technology Co Ltd (SZSE:300074) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 69, Lane 1688, North Guoquan Road, Building A6, Wangu Science and Technology Park, Yangpu District, Shanghai, CHN, 200433

Website

http://www.avcon.com.cn

Avcon Information Technology Co Ltd designs and sells audio and video communication products and image intelligent integrated applications. It provides users with visual application solutions such as video conferencing, emergency command, smart cities security monitoring, safe cities, intelligent transportation, online education, and video call centers.

Executives

Li Hui	Secretary, Director
Tian Tian	Supervisors
Cheng Lin Fang	Executives
Fang Yong Xin	Director
Guo Feng	Directors, executives
Chen Zhuang	Independent director
Tang Xiao Yun	Secretary Dong
Wu Biao	Executives
Huang Qiao Lian	Securities Affairs Representative
Xi Feng Wei	Directors, executives
Liu Xiao Lu	Director
Liu Yan	Director
Zhou Xiao Chuan	Supervisors
Liu Xiao Dan	Director
Li Ji Chun	Supervisors

Avcon Information Technology Co Headlines

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