Sino Biological (SZSE:301047) Total Assets : ¥6,030.3 Mil (As of Sep. 2024)

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What is Sino Biological Total Assets?

Sino Biological's Total Assets for the quarter that ended in Sep. 2024 was ¥6,030.3 Mil.

During the past 12 months, Sino Biological's average Total Assets Growth Rate was 21.50% per year. During the past 3 years, the average Total Assets Growth Rate was 69.50% per year. During the past 5 years, the average Total Assets Growth Rate was 78.90% per year.

During the past 7 years, Sino Biological's highest 3-Year average Total Assets Growth Rate was 79.30%. The lowest was 63.80%. And the median was 74.10%.

Total Assets is connected with ROA %. Sino Biological's annualized ROA % for the quarter that ended in Sep. 2024 was 1.84%. Total Assets is also linked to Revenue through Asset Turnover. Sino Biological's Asset Turnover for the quarter that ended in Sep. 2024 was 0.03.

Sino Biological Total Assets Historical Data

The historical data trend for Sino Biological'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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Sino Biological Total Assets Chart

Sino Biological Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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187.15

1,488.32

6,890.24

6,580.21

6,600.68

Sino Biological 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															6,502.12	6,600.68	6,517.11	6,301.04	6,030.34

Sino Biological 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.

Sino Biological'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 )
	=	6366.982	+	233.696
	=	6,600.7

Sino Biological'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 )
	=	5756.671	+	273.674
	=	6,030.3

Sino Biological (SZSE:301047) Total Assets Explanation

Total Assets is connected with ROA %.

Sino Biological'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 )
	=	113.5	/	( (6301.037	+	6030.344)	/ 2 )
	=	113.5	/	6165.6905
	=	1.84 %

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.

Sino Biological'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 )
=	159.289	/	( (6301.037	+	6030.344)	/ 2 )
=	159.289	/	6165.6905
=	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.

Sino Biological Total Assets Related Terms

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Sino Biological Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Sino Biological Inc (SZSE:301047) » Definitions » Total Assets

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Address

No. 18 Kechuang 10th Street, Room 306, Building 9, Beijing Economic and Technological Development Zon, Beijing, CHN, 100176

Website

https://www.sinobiological.com

Sino Biological Inc is an international reagent supplier and service provider. The company specializes in recombinant protein production and antibody development. All of Sino Biological's products are independently developed and produced, including recombinant proteins, antibodies and cDNA clones.

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