Doctorglasses Chain Co (SZSE:300622) Total Assets : ¥1,174 Mil (As of Jun. 2024)

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What is Doctorglasses Chain Co Total Assets?

Doctorglasses Chain Co's Total Assets for the quarter that ended in Jun. 2024 was ¥1,174 Mil.

Warning Sign:

If a company builds assets at 28.2% a year, faster than its revenue growth rate of 6.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Doctorglasses Chain Co's average Total Assets Growth Rate was 8.10% per year. During the past 3 years, the average Total Assets Growth Rate was 21.40% per year. During the past 5 years, the average Total Assets Growth Rate was 28.20% per year. During the past 10 years, the average Total Assets Growth Rate was 20.10% per year.

During the past 12 years, Doctorglasses Chain Co's highest 3-Year average Total Assets Growth Rate was 37.60%. The lowest was -0.90%. And the median was 21.40%.

Total Assets is connected with ROA %. Doctorglasses Chain Co's annualized ROA % for the quarter that ended in Jun. 2024 was 9.20%. Total Assets is also linked to Revenue through Asset Turnover. Doctorglasses Chain Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.26.

Doctorglasses Chain Co Total Assets Historical Data

The historical data trend for Doctorglasses Chain 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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Doctorglasses Chain Co Total Assets Chart

Doctorglasses Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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668.00

932.03

987.93

976.67

1,121.78

Doctorglasses Chain 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															1,061.89	1,114.89	1,121.78	1,202.75	1,174.35

Doctorglasses Chain 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.

Doctorglasses Chain 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 )
	=	812.289	+	309.486
	=	1,122

Doctorglasses Chain 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 )
	=	751.829	+	422.517
	=	1,174

Doctorglasses Chain Co (SZSE:300622) Total Assets Explanation

Total Assets is connected with ROA %.

Doctorglasses Chain 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 )
	=	109.396	/	( (1202.751	+	1174.347)	/ 2 )
	=	109.396	/	1188.549
	=	9.20 %

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.

Doctorglasses Chain 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 )
=	305.021	/	( (1202.751	+	1174.347)	/ 2 )
=	305.021	/	1188.549
=	0.26

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.

Doctorglasses Chain Co Total Assets Related Terms

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Doctorglasses Chain Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Doctorglasses Chain Co Ltd (SZSE:300622) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

4028 Jintian Road, 2nd Floor, Rongchao Economic and Trade Center, Futian District, Shenzhen, CHN, 518038

Website

http://www.doctorglasses.com.cn

Doctorglasses Chain Co Ltd operates as a retail chain company which is engaged in the eyeglasses business in China. The company offers glasses under the President optical and doctor glasses Zele brand name. It offers reading glasses, sunglasses, frames and lenses, contact lenses, contact lens liquid solution and others.

Executives

Liu Zhi Ming	Directors, executives
Zheng Qing Qiu	Executives
He Qing Bai	Executives
	Director
Liu Kai Yue	Directors, executives
Xiong Dan	Securities Affairs Representative

Doctorglasses Chain Co Headlines

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