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Contec Medical Systems Co (SZSE:300869) Total Assets : ¥2,834.8 Mil (As of Jun. 2024)


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What is Contec Medical Systems Co Total Assets?

Contec Medical Systems Co's Total Assets for the quarter that ended in Jun. 2024 was ¥2,834.8 Mil.

Warning Sign:

If a company builds assets at 54.1% a year, faster than its revenue growth rate of 12.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Contec Medical Systems Co's average Total Assets Growth Rate was -33.30% per year. During the past 3 years, the average Total Assets Growth Rate was 17.60% per year. During the past 5 years, the average Total Assets Growth Rate was 54.10% per year. During the past 10 years, the average Total Assets Growth Rate was 28.40% per year.

During the past 11 years, Contec Medical Systems Co's highest 3-Year average Total Assets Growth Rate was 97.30%. The lowest was -8.00%. And the median was 16.15%.

Total Assets is connected with ROA %. Contec Medical Systems Co's annualized ROA % for the quarter that ended in Jun. 2024 was 0.51%. Total Assets is also linked to Revenue through Asset Turnover. Contec Medical Systems Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.04.


Contec Medical Systems Co Total Assets Historical Data

The historical data trend for Contec Medical Systems 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.

* Premium members only.

Contec Medical Systems Co Total Assets Chart

Contec Medical Systems Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 679.20 2,097.83 2,789.04 3,732.81 3,211.95

Contec Medical Systems 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,665.20 3,466.23 3,211.95 3,098.27 2,834.83

Contec Medical Systems 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.

Contec Medical Systems 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 )
=2044.797+1167.15
=3,211.9

Contec Medical Systems 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 )
=1932.505+902.322
=2,834.8

* 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.


Contec Medical Systems Co  (SZSE:300869) Total Assets Explanation

Total Assets is connected with ROA %.

Contec Medical Systems 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 )
=15.26/( (3098.265+2834.827)/ 2 )
=15.26/2966.546
=0.51 %

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.

Contec Medical Systems 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 )
=112.615/( (3098.265+2834.827)/ 2 )
=112.615/2966.546
=0.04

* 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.

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.

Contec Medical Systems Co Total Assets Related Terms

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Contec Medical Systems Co Business Description

Traded in Other Exchanges
N/A
Address
No. 112, Qinhuang West Street, Economic and Technological Development Zone, Hebei Province, Qinhuangdao, CHN, 066004
Contec Medical Systems Co Ltd is engaged in research and development, production and sales of medical diagnosis and monitoring equipment. The company's products portfolio includes Blood pressure series; Blood oxygen series; Multi-parameter monitoring series; In Vitro Diagnostic Series; EEG series; Breathing sleep series; ECG series; Digital Image Series; Fetal Monitoring Series; Arteriosclerosis Series; Telemedicine and health management; and Home health products.
Executives
Xu Yun Long Executives
Zheng Min Directors, Directors, and Executives
Yang Zhi Shan Directors, executives
Wang Gui Li Director
Liu Zhen Hong Executives
Kou Guo Zhi Executives
Gao Rui Bin Supervisors
Fu Chun Yuan Executives

Contec Medical Systems Co Headlines

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