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TANAF (Tianan Technology Group) Total Assets : $0.14 Mil (As of Jun. 2024)


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What is Tianan Technology Group Total Assets?

Tianan Technology Group's Total Assets for the quarter that ended in Jun. 2024 was $0.14 Mil.

During the past 12 months, Tianan Technology Group's average Total Assets Growth Rate was -40.20% per year.

Total Assets is connected with ROA %. Tianan Technology Group's annualized ROA % for the quarter that ended in Jun. 2024 was -130.38%. Total Assets is also linked to Revenue through Asset Turnover. Tianan Technology Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.84.

Tianan Technology Group Total Assets Historical Data

The historical data trend for Tianan Technology Group'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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Tianan Technology Group Total Assets Chart

Tianan Technology Group Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
0.08 0.08 0.18

Tianan Technology Group Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial - 0.08 0.28 0.18 0.14

Tianan Technology Group 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.

Tianan Technology Group'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 )
=-0.544+0.721
=0.18

Tianan Technology Group's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=-0.537+0.676
=0.14

* 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.

Tianan Technology Group  (OTCPK:TANAF) Total Assets Explanation

Total Assets is connected with ROA %.

Tianan Technology Group's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-0.206/( (0.177+0.139)/ 2 )
=-0.206/0.158
=-130.38 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Tianan Technology Group's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=0.133/( (0.177+0.139)/ 2 )
=0.133/0.158
=0.84

* 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.

Tianan Technology Group Total Assets Related Terms

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Tianan Technology Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tianan Technology Group Ltd (OTCPK:TANAF) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
No. 3, Lane 743, Taopu Road, Room 501, Putuo District, Shanghai, CHN
Website
Tianan Technology Group Ltd is focused on graphene production enterprises and is engaged in the health therapy industry. It utilizes the far-infrared heat therapy characteristics of graphene, which is incorporated into its products. Its products include Graphene Far Infrared Energy Room, Pure Graphene Heating Music Blanket, Graphene Pillow, Pure Graphene Heating Knee Compartment, Pure Graphene Heating Knee Pads, Pure Graphene Eye Mask etc. The Company operates in two reportable business segments: Healthcare and Motor Controller.

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