Shijihengtong Technology Co (SZSE:301428) Total Assets : ¥1,956 Mil (As of Mar. 2024)

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What is Shijihengtong Technology Co Total Assets?

Shijihengtong Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,956 Mil.

Warning Sign:

If a company builds assets at 20% a year, faster than its revenue growth rate of 13% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Shijihengtong Technology Co's average Total Assets Growth Rate was 31.50% per year. During the past 3 years, the average Total Assets Growth Rate was 27.90% per year. During the past 5 years, the average Total Assets Growth Rate was 20.00% per year. During the past 10 years, the average Total Assets Growth Rate was 22.90% per year.

During the past 11 years, Shijihengtong Technology Co's highest 3-Year average Total Assets Growth Rate was 32.50%. The lowest was 9.20%. And the median was 22.90%.

Total Assets is connected with ROA %. Shijihengtong Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.29%. Total Assets is also linked to Revenue through Asset Turnover. Shijihengtong Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.

Shijihengtong Technology Co Total Assets Historical Data

The historical data trend for Shijihengtong 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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Shijihengtong Technology Co Total Assets Chart

Shijihengtong Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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823.24

880.87

989.68

1,214.36

1,824.31

Shijihengtong Technology Co Quarterly Data
	Dec15	Dec16	Jun17	Dec17	Dec18	Dec19	Mar20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															1,357.10	1,841.88	1,840.13	1,824.31	1,956.13

Shijihengtong 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.

Shijihengtong 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 )
	=	1236.762	+	587.545
	=	1,824

Shijihengtong 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 )
	=	1256.594	+	699.533
	=	1,956

Shijihengtong Technology Co (SZSE:301428) Total Assets Explanation

Total Assets is connected with ROA %.

Shijihengtong 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 )
	=	81.044	/	( (1824.308	+	1956.127)	/ 2 )
	=	81.044	/	1890.2175
	=	4.29 %

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.

Shijihengtong 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 )
=	291.113	/	( (1824.308	+	1956.127)	/ 2 )
=	291.113	/	1890.2175
=	0.15

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.

Shijihengtong Technology Co Total Assets Related Terms

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Shijihengtong Technology Co (SZSE:301428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shijihengtong Technology Co Ltd (SZSE:301428) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188, Nanyuan Science and Education Street, Guiyang National High-tech Industrial Development Zone, Core Area, Guiyang Science and Technology Park, Zhongguancun, Guizhou Province, Guiyang, CHN, 550014

Website

http://www.sjht.com

Shijihengtong Technology Co Ltd is a professional information technology service provider. The company is engaged in the Independent development of technology platform and the construction of service network.

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