Hicon Network Technology (Shandong) Co (SZSE:301262) Total Assets : ¥3,955.6 Mil (As of Mar. 2024)

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What is Hicon Network Technology (Shandong) Co Total Assets?

Hicon Network Technology (Shandong) Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,955.6 Mil.

Warning Sign:

If a company builds assets at 9.5% a year, faster than its revenue growth rate of 4.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Hicon Network Technology (Shandong) Co's average Total Assets Growth Rate was 6.80% per year. During the past 3 years, the average Total Assets Growth Rate was 8.00% per year. During the past 5 years, the average Total Assets Growth Rate was 9.50% per year.

During the past 7 years, Hicon Network Technology (Shandong) Co's highest 3-Year average Total Assets Growth Rate was 51.00%. The lowest was 6.70%. And the median was 10.55%.

Total Assets is connected with ROA %. Hicon Network Technology (Shandong) Co's annualized ROA % for the quarter that ended in Mar. 2024 was 11.16%. Total Assets is also linked to Revenue through Asset Turnover. Hicon Network Technology (Shandong) Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Hicon Network Technology (Shandong) Co Total Assets Historical Data

The historical data trend for Hicon Network Technology (Shandong) 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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Hicon Network Technology (Shandong) Co Total Assets Chart

Hicon Network Technology (Shandong) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,633.20

1,950.90

2,170.22

2,590.76

3,856.45

Hicon Network Technology (Shandong) Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial													2,694.15	4,015.76	4,107.31	3,856.45	3,955.65

Hicon Network Technology (Shandong) 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.

Hicon Network Technology (Shandong) 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 )
	=	3429.459	+	426.993
	=	3,856.5

Hicon Network Technology (Shandong) 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 )
	=	3538.438	+	417.209
	=	3,955.6

Hicon Network Technology (Shandong) Co (SZSE:301262) Total Assets Explanation

Total Assets is connected with ROA %.

Hicon Network Technology (Shandong) 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 )
	=	435.916	/	( (3856.453	+	3955.647)	/ 2 )
	=	435.916	/	3906.05
	=	11.16 %

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.

Hicon Network Technology (Shandong) 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 )
=	243.365	/	( (3856.453	+	3955.647)	/ 2 )
=	243.365	/	3906.05
=	0.06

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.

Hicon Network Technology (Shandong) Co Total Assets Related Terms

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Hicon Network Technology (Shandong) Co (SZSE:301262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hicon Network Technology (Shandong) Co Ltd (SZSE:301262) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18567, Jingshi Road, 6th Floor, New Radio and Television Center Building, Shandong Province, Jinan, CHN, 250062

Website

http://www.ihicon.com

Hicon Network Technology (Shandong) Co Ltd exclusively operate the operating business related to Shandong IPTV integrated broadcast control.

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