Est Tools Co (SZSE:300488) Total Assets : ¥2,190.5 Mil (As of Mar. 2024)

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What is Est Tools Co Total Assets?

Est Tools Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,190.5 Mil.

During the past 12 months, Est Tools Co's average Total Assets Growth Rate was 42.50% per year. During the past 3 years, the average Total Assets Growth Rate was 3.90% per year. During the past 5 years, the average Total Assets Growth Rate was 7.10% per year. During the past 10 years, the average Total Assets Growth Rate was 16.40% per year.

During the past 13 years, Est Tools Co's highest 3-Year average Total Assets Growth Rate was 43.20%. The lowest was 3.90%. And the median was 15.65%.

Total Assets is connected with ROA %. Est Tools Co's annualized ROA % for the quarter that ended in Mar. 2024 was 5.53%. Total Assets is also linked to Revenue through Asset Turnover. Est Tools Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.07.

Est Tools Co Total Assets Historical Data

The historical data trend for Est Tools 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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Est Tools Co Total Assets Chart

Est Tools Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,193.78

1,252.35

1,472.53

1,546.58

1,589.98

Est Tools 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															1,512.36	1,546.39	1,550.17	1,589.98	2,190.45

Est Tools 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.

Est Tools 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 )
	=	1385.094	+	204.885
	=	1,590.0

Est Tools 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 )
	=	1484.543	+	705.91
	=	2,190.5

Est Tools Co (SZSE:300488) Total Assets Explanation

Total Assets is connected with ROA %.

Est Tools 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 )
	=	104.536	/	( (1589.979	+	2190.454)	/ 2 )
	=	104.536	/	1890.2165
	=	5.53 %

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.

Est Tools 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 )
=	124.761	/	( (1589.979	+	2190.454)	/ 2 )
=	124.761	/	1890.2165
=	0.07

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.

Est Tools Co Total Assets Related Terms

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Est Tools Co (SZSE:300488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Est Tools Co Ltd (SZSE:300488) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 239 Xinqiao North Road, Wuyuan Town, Zhejiang Province, Jiaxing, CHN, 314300

Website

http://www.esttools.com

Est Tools Co Ltd is engaged the company is engaged in the research and development, production and sales of machine tools. The products mainly include precision complex, miscellaneous tools, spline measuring tools, precision cutting tools, and other metal cutting tools and high-precision measuring instruments. The company also offer edge measuring tools, including thread cutters, spline gages, and molding cutters.

Executives

Xu Jian Wei	Supervisors
Hu Jin Qiu	Securities Affairs Representative
Chen Er Rong	Director
Zheng Ji Liang	Executives
Zhou Yao Juan	Executives
He Qin Song	Executives
Yao Hai Feng	Executives

Est Tools Co (SZSE:300488) Headlines

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