Tung Ho Textile Co (TPE:1414) Total Assets : NT$4,405.3 Mil (As of Sep. 2024)

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What is Tung Ho Textile Co Total Assets?

Tung Ho Textile Co's Total Assets for the quarter that ended in Sep. 2024 was NT$4,405.3 Mil.

During the past 12 months, Tung Ho Textile Co's average Total Assets Growth Rate was -4.00% per year. During the past 3 years, the average Total Assets Growth Rate was -0.50% per year. During the past 5 years, the average Total Assets Growth Rate was -1.40% per year. During the past 10 years, the average Total Assets Growth Rate was -1.40% per year.

During the past 13 years, Tung Ho Textile Co's highest 3-Year average Total Assets Growth Rate was 4.70%. The lowest was -5.70%. And the median was -1.85%.

Total Assets is connected with ROA %. Tung Ho Textile Co's annualized ROA % for the quarter that ended in Sep. 2024 was 1.96%. Total Assets is also linked to Revenue through Asset Turnover. Tung Ho Textile Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.03.

Tung Ho Textile Co Total Assets Historical Data

The historical data trend for Tung Ho Textile 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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Tung Ho Textile Co Total Assets Chart

Tung Ho Textile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,574.58

4,416.43

4,601.85

4,462.23

4,491.15

Tung Ho Textile Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															4,594.99	4,491.15	4,509.78	4,477.09	4,405.26

Tung Ho Textile 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.

Tung Ho Textile 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 )
	=	3133.265	+	1357.881
	=	4,491.1

Tung Ho Textile 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 )
	=	3168.599	+	1236.659
	=	4,405.3

Tung Ho Textile Co (TPE:1414) Total Assets Explanation

Total Assets is connected with ROA %.

Tung Ho Textile 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 )
	=	87.112	/	( (4477.086	+	4405.258)	/ 2 )
	=	87.112	/	4441.172
	=	1.96 %

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.

Tung Ho Textile 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 )
=	122.369	/	( (4477.086	+	4405.258)	/ 2 )
=	122.369	/	4441.172
=	0.03

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.

Tung Ho Textile Co Total Assets Related Terms

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Tung Ho Textile Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tung Ho Textile Co Ltd (TPE:1414) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

No. 227, Gongye Road, Bitouli, Madou District, Tainan, TWN, 721

Website

http://www.tungho.com.tw

Tung Ho Textile Co Ltd is a Taiwan-based company that engages in the manufacturing and development of textile materials. Its product portfolio includes pure cotton, blended yarn, slub yarn, bamboo charcoal yarn, fine wool, hollow charcoal fiber yarn, recycled polyester yarn, organic cotton yarn, and others. The company's operating segment includes Spinning and Headquarters. It generates maximum revenue from the Spinning segment that is engaged in the manufacture and sale of various spinning products. Geographically, the company generates a majority of its revenue from Taiwan and the rest from Mainland China, Japan, and other regions.

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