ChinaEtek Service and Technology Co (SZSE:301208) Total Assets : ¥1,829 Mil (As of Mar. 2024)

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What is ChinaEtek Service and Technology Co Total Assets?

ChinaEtek Service and Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,829 Mil.

Warning Sign:

If a company builds assets at 16.9% a year, faster than its revenue growth rate of 9.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, ChinaEtek Service and Technology Co's average Total Assets Growth Rate was 33.40% per year. During the past 3 years, the average Total Assets Growth Rate was 23.80% per year. During the past 5 years, the average Total Assets Growth Rate was 16.90% per year.

During the past 10 years, ChinaEtek Service and Technology Co's highest 3-Year average Total Assets Growth Rate was 89.00%. The lowest was 5.40%. And the median was 23.80%.

Total Assets is connected with ROA %. ChinaEtek Service and Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.02%. Total Assets is also linked to Revenue through Asset Turnover. ChinaEtek Service and Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

ChinaEtek Service and Technology Co Total Assets Historical Data

The historical data trend for ChinaEtek Service and 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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ChinaEtek Service and Technology Co Total Assets Chart

ChinaEtek Service and Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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697.81

842.10

931.73

1,844.38

1,998.02

ChinaEtek Service and Technology Co Quarterly Data
	Dec17	Dec18	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															1,738.59	1,776.33	1,915.11	1,998.02	1,829.22

ChinaEtek Service and 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.

ChinaEtek Service and 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 )
	=	1480.021	+	518
	=	1,998

ChinaEtek Service and 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 )
	=	1499.261	+	329.954
	=	1,829

ChinaEtek Service and Technology Co (SZSE:301208) Total Assets Explanation

Total Assets is connected with ROA %.

ChinaEtek Service and 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 )
	=	76.96	/	( (1998.021	+	1829.215)	/ 2 )
	=	76.96	/	1913.618
	=	4.02 %

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.

ChinaEtek Service and 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 )
=	175.511	/	( (1998.021	+	1829.215)	/ 2 )
=	175.511	/	1913.618
=	0.09

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.

ChinaEtek Service and Technology Co Total Assets Related Terms

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ChinaEtek Service and Technology Co (SZSE:301208) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » ChinaEtek Service and Technology Co Ltd (SZSE:301208) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68 Xueyuan South Road, Room 501, Block A, Ji'an Building, Haidian District, Beijing, CHN, 100037

Website

http://www.ce-service.com.cn

ChinaEtek Service and Technology Co Ltd is a comprehensive provider of IT architecture services and products in China. It offers information technology operation and maintenance services, original software and hardware products, independent intelligent operation and maintenance products and operation data analysis services.

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