Shenzhen Minkave Technology Co (SZSE:300506) Total Assets : ¥948.81 Mil (As of Mar. 2024)

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What is Shenzhen Minkave Technology Co Total Assets?

Shenzhen Minkave Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥948.81 Mil.

During the past 12 months, Shenzhen Minkave Technology Co's average Total Assets Growth Rate was -33.50% per year. During the past 3 years, the average Total Assets Growth Rate was -29.20% per year. During the past 5 years, the average Total Assets Growth Rate was -20.70% per year. During the past 10 years, the average Total Assets Growth Rate was 17.00% per year.

During the past 13 years, Shenzhen Minkave Technology Co's highest 3-Year average Total Assets Growth Rate was 74.80%. The lowest was -29.20%. And the median was 42.40%.

Total Assets is connected with ROA %. Shenzhen Minkave Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.69%. Total Assets is also linked to Revenue through Asset Turnover. Shenzhen Minkave Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Shenzhen Minkave Technology Co Total Assets Historical Data

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

Shenzhen Minkave Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,738.79

3,105.88

2,171.88

1,477.30

972.49

Shenzhen Minkave Technology 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															1,438.79	1,310.09	1,266.93	972.49	948.81

Shenzhen Minkave 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 Minkave 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 )
	=	145.036	+	827.454
	=	972.49

Shenzhen Minkave Technology 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 )
	=	156.249	+	792.563
	=	948.81

Shenzhen Minkave Technology Co (SZSE:300506) Total Assets Explanation

Total Assets is connected with ROA %.

Shenzhen Minkave Technology 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 )
	=	45.012	/	( (972.49	+	948.812)	/ 2 )
	=	45.012	/	960.651
	=	4.69 %

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.

Shenzhen Minkave Technology 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 )
=	24.789	/	( (972.49	+	948.812)	/ 2 )
=	24.789	/	960.651
=	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.

Shenzhen Minkave Technology Co Total Assets Related Terms

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Shenzhen Minkave Technology Co (SZSE:300506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Minkave Technology Co Ltd (SZSE:300506) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

17/F West Coast Mansion, Nanyou Avenue, Nanshan Distric, Shenzhen, CHN, 518054

Website

http://www.minkave.com

Shenzhen Minkave Technology Co Ltd engages in the research, development, production, and sale of lighting products and in lighting engineering design. It undertakes lighting projects in urban lighting planning, tourism and cultural scenic spots, municipal landscapes, architectural lighting, high-end office buildings, large venues, high-end hotels, urban complexes, smart cities, and railways and chemical industries.

Executives

Zhang Jing Shi	Director
Cheng Zong Yu	Directors, executives
Yuan Yan	Secretary, Director
Peng Yin Li	Directors, executives
Liu Dong Hua	Director
Ceng Li Ru	Securities Affairs Representative

Shenzhen Minkave Technology Co (SZSE:300506) Headlines

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