Qingdao Richmat Intelligence Technology (SZSE:301320) Total Assets : ¥1,474.6 Mil (As of Sep. 2024)

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What is Qingdao Richmat Intelligence Technology Total Assets?

Qingdao Richmat Intelligence Technology's Total Assets for the quarter that ended in Sep. 2024 was ¥1,474.6 Mil.

Warning Sign:

If a company builds assets at 33% a year, faster than its revenue growth rate of 5.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Qingdao Richmat Intelligence Technology's average Total Assets Growth Rate was 15.50% per year. During the past 3 years, the average Total Assets Growth Rate was 18.70% per year. During the past 5 years, the average Total Assets Growth Rate was 33.00% per year.

During the past 6 years, Qingdao Richmat Intelligence Technology's highest 3-Year average Total Assets Growth Rate was 65.60%. The lowest was 18.70%. And the median was 31.30%.

Total Assets is connected with ROA %. Qingdao Richmat Intelligence Technology's annualized ROA % for the quarter that ended in Sep. 2024 was 5.17%. Total Assets is also linked to Revenue through Asset Turnover. Qingdao Richmat Intelligence Technology's Asset Turnover for the quarter that ended in Sep. 2024 was 0.14.

Qingdao Richmat Intelligence Technology Total Assets Historical Data

The historical data trend for Qingdao Richmat Intelligence Technology'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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Qingdao Richmat Intelligence Technology Total Assets Chart

Qingdao Richmat Intelligence Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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450.45

746.85

863.93

862.95

1,443.78

Qingdao Richmat Intelligence Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial												1,403.60	1,443.78	1,424.89	1,454.04	1,474.60

Qingdao Richmat Intelligence Technology 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.

Qingdao Richmat Intelligence Technology'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 )
	=	1032.292	+	411.487
	=	1,443.8

Qingdao Richmat Intelligence Technology'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 )
	=	1052.201	+	422.395
	=	1,474.6

Qingdao Richmat Intelligence Technology (SZSE:301320) Total Assets Explanation

Total Assets is connected with ROA %.

Qingdao Richmat Intelligence Technology'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 )
	=	75.752	/	( (1454.044	+	1474.596)	/ 2 )
	=	75.752	/	1464.32
	=	5.17 %

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.

Qingdao Richmat Intelligence Technology'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 )
=	207.205	/	( (1454.044	+	1474.596)	/ 2 )
=	207.205	/	1464.32
=	0.14

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.

Qingdao Richmat Intelligence Technology Total Assets Related Terms

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Qingdao Richmat Intelligence Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Richmat Intelligence Technology Inc (SZSE:301320) » Definitions » Total Assets

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Address

No. 78, Kongquehe 4th Road, Qingdao Garment Industrial Park, Jimo District, Shandong Province, Qingdao, CHN, 266200

Website

https://www.richmat.com.cn

Qingdao Richmat Intelligence Technology Inc is engaged in Research and development, production and sales of intelligent linear drive system products. its products include: Linear actuator Dual actuator, Lifting column, Control box, Handset, and Massage motor.

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