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Reach Machinery Co (SZSE:301596) Total Assets : ¥1,113.0 Mil (As of Sep. 2024)


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What is Reach Machinery Co Total Assets?

Reach Machinery Co's Total Assets for the quarter that ended in Sep. 2024 was ¥1,113.0 Mil.

During the past 12 months, Reach Machinery Co's average Total Assets Growth Rate was -8.80% per year. During the past 3 years, the average Total Assets Growth Rate was 11.10% per year.

During the past 5 years, Reach Machinery Co's highest 3-Year average Total Assets Growth Rate was 16.60%. The lowest was 11.10%. And the median was 13.85%.

Total Assets is connected with ROA %. Reach Machinery Co's annualized ROA % for the quarter that ended in Sep. 2024 was 8.35%. Total Assets is also linked to Revenue through Asset Turnover. Reach Machinery Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.13.

Reach Machinery Co Total Assets Historical Data

The historical data trend for Reach Machinery 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.

* Premium members only.

Reach Machinery Co Total Assets Chart

Reach Machinery Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
430.58 480.89 607.14 666.59 697.96

Reach Machinery Co Quarterly Data
Dec19 Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 718.42 697.96 737.22 1,083.72 1,112.99

Reach Machinery 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.

Reach Machinery 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 )
=452.281+245.683
=698.0

Reach Machinery Co'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 )
=828.159+284.834
=1,113.0

* 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.

Reach Machinery Co  (SZSE:301596) Total Assets Explanation

Total Assets is connected with ROA %.

Reach Machinery Co'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 )
=91.744/( (1083.718+1112.994)/ 2 )
=91.744/1098.356
=8.35 %

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.

Reach Machinery Co'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 )
=147.205/( (1083.718+1112.994)/ 2 )
=147.205/1098.356
=0.13

* 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.

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.

Reach Machinery Co Total Assets Related Terms

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Reach Machinery Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Reach Machinery Co Ltd (SZSE:301596) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 909, Section 4, Middle Xihangang Avenue, Shuangliu District, Sichuan Province, Chengdu, CHN, 610207
Website
https://www.reachgroup.cn
Reach Machinery Co Ltd is engaged in the research and development, production and sales of key components for automation equipment transmission and braking systems. Its products include electromagnetic brakes that include spring-loaded brakes, permanent magnet brakes, electric brakes, and other types. Harmonic reducer that includes Cup-RCSD, Top Hat-RHSD, Cup-RCSG, etc. Planetary Roller Screw, Expansion Sleeve and Shrinking Disc.

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