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Ritek (TPE:2349) Total Assets : NT$19,660 Mil (As of Jun. 2024)


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What is Ritek Total Assets?

Ritek's Total Assets for the quarter that ended in Jun. 2024 was NT$19,660 Mil.

During the past 12 months, Ritek's average Total Assets Growth Rate was 2.70% per year. During the past 3 years, the average Total Assets Growth Rate was -2.70% per year. During the past 5 years, the average Total Assets Growth Rate was -6.10% per year. During the past 10 years, the average Total Assets Growth Rate was -9.50% per year.

During the past 13 years, Ritek's highest 3-Year average Total Assets Growth Rate was -2.70%. The lowest was -16.30%. And the median was -9.50%.

Total Assets is connected with ROA %. Ritek's annualized ROA % for the quarter that ended in Jun. 2024 was 0.12%. Total Assets is also linked to Revenue through Asset Turnover. Ritek's Asset Turnover for the quarter that ended in Jun. 2024 was 0.10.

Ritek Total Assets Historical Data

The historical data trend for Ritek'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.

Ritek Total Assets Chart

Ritek Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20,955.39 19,551.67 19,244.73 19,670.56 18,869.84

Ritek Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19,471.76 19,326.70 18,869.84 19,019.32 19,659.80

Ritek 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.

Ritek'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 )
=10218.303+8651.535
=18,870

Ritek'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 )
=10691.705+8968.095
=19,660

* 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.

Ritek  (TPE:2349) Total Assets Explanation

Total Assets is connected with ROA %.

Ritek's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=22.344/( (19019.321+19659.8)/ 2 )
=22.344/19339.5605
=0.12 %

Note: The Net Income data used here is four times the quarterly (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.

Ritek's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=1917.014/( (19019.321+19659.8)/ 2 )
=1917.014/19339.5605
=0.10

* 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.

Ritek Total Assets Related Terms

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Ritek Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ritek Corp (TPE:2349) » Definitions » Total Assets
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TPE:2405 TPE:2495 TPE:2414 TPE:2406 TPE:4967 ROCO:8234 TPE:2305 TPE:3046 ROCO:8054 TPE:6117 ANET DELL SZSE:002415 HPQ TPE:2382 TSE:7751 SHSE:688041 NTAP HKSE:00992 STX
Traded in Other Exchanges
N/A
Address
No. 42, Kuangfu North Road, Hsinchu Industrial Park, Hsinchu, TWN, 30351
Website
https://www.ritek.com
Ritek Corp is a Taiwan-based company that manufactures and distributes optical products under RIDATA and Traxdata brands. Its product portfolio includes pre-recorded and recordable media such as compact discs and digital video discs, flash memory products such as USB drives, portable hard drives, power banks, photovoltaic modules, sapphire substrates, bio discs, and light-emitting diodes. The firm has operations in the Netherlands, the United States, Taiwan, China, Vietnam, South Korea, and other countries in the Asia-Pacific region.

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