Shenzhen Inovance Technology Co (SZSE:300124) Total Assets : ¥53,059 Mil (As of Sep. 2024)

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What is Shenzhen Inovance Technology Co Total Assets?

Shenzhen Inovance Technology Co's Total Assets for the quarter that ended in Sep. 2024 was ¥53,059 Mil.

During the past 12 months, Shenzhen Inovance Technology Co's average Total Assets Growth Rate was 39.90% per year. During the past 3 years, the average Total Assets Growth Rate was 40.40% per year. During the past 5 years, the average Total Assets Growth Rate was 39.40% per year. During the past 10 years, the average Total Assets Growth Rate was 33.80% per year.

During the past 13 years, Shenzhen Inovance Technology Co's highest 3-Year average Total Assets Growth Rate was 107.10%. The lowest was 18.60%. And the median was 45.70%.

Total Assets is connected with ROA %. Shenzhen Inovance Technology Co's annualized ROA % for the quarter that ended in Sep. 2024 was 9.52%. Total Assets is also linked to Revenue through Asset Turnover. Shenzhen Inovance Technology Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.18.

Shenzhen Inovance Technology Co Total Assets Historical Data

The historical data trend for Shenzhen Inovance 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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Shenzhen Inovance Technology Co Total Assets Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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14,896.58

18,683.58

27,303.26

39,211.61

48,957.56

Shenzhen Inovance Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															42,887.89	48,957.56	50,684.23	50,835.22	53,059.39

Shenzhen Inovance 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.

Shenzhen Inovance 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 )
	=	25000.992	+	23956.572
	=	48,958

Shenzhen Inovance Technology Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	26904.399	+	26154.988
	=	53,059

Shenzhen Inovance Technology Co (SZSE:300124) Total Assets Explanation

Total Assets is connected with ROA %.

Shenzhen Inovance Technology Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	4943.068	/	( (50835.215	+	53059.386)	/ 2 )
	=	4943.068	/	51947.3005
	=	9.52 %

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

Shenzhen Inovance Technology Co's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	9214.087	/	( (50835.215	+	53059.386)	/ 2 )
=	9214.087	/	51947.3005
=	0.18

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.

Shenzhen Inovance Technology Co Total Assets Related Terms

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Shenzhen Inovance Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

High-tech Industrial Park, Guanlan Street, Huichuan Technology Headquarters Building, Longhua New District, Guangdong, Shenzhen, CHN, 518110

Website

https://www.inovance.com

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives—also known as inverters—servo systems, sensors, interfaces and motor controllers. Inovance employs about 24,000 staff, including over 5,800 research and development engineers. Almost 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou; these major offices are supported by over 10 branches across China.

Executives

Ding Long Shan	Supervisors
Liu Ying Xin	Executives
Song Jun En	Directors, Directors, and Executives
Zhu Xing Ming	Directors, executives
Zhao Jin Rong	Director
Li Jun Tian	Directors, executives
Bai Zi Ping	Supervisors
Wang Wei	Director
Li Rui Lin	Executives
Yi Gao Xiang	Executives
Shao Hai Bo	Executives
Yang Chun Lu	Executives
Wu Ni Ni	Securities Affairs Representative
Zhou Bin	Directors, executives
Yao Bing	Executives

Shenzhen Inovance Technology Co Headlines

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