Tong Ming Enterprise Co (TPE:5538) Total Assets : NT$13,288 Mil (As of Jun. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Tong Ming Enterprise Co Total Assets?

Tong Ming Enterprise Co's Total Assets for the quarter that ended in Jun. 2024 was NT$13,288 Mil.

Warning Sign:

If a company builds assets at 17.1% a year, faster than its revenue growth rate of 8.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Tong Ming Enterprise Co's average Total Assets Growth Rate was 1.40% per year. During the past 3 years, the average Total Assets Growth Rate was 18.40% per year. During the past 5 years, the average Total Assets Growth Rate was 17.10% per year. During the past 10 years, the average Total Assets Growth Rate was 12.50% per year.

During the past 13 years, Tong Ming Enterprise Co's highest 3-Year average Total Assets Growth Rate was 26.00%. The lowest was -2.40%. And the median was 8.20%.

Total Assets is connected with ROA %. Tong Ming Enterprise Co's annualized ROA % for the quarter that ended in Jun. 2024 was 6.42%. Total Assets is also linked to Revenue through Asset Turnover. Tong Ming Enterprise Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.24.

Tong Ming Enterprise Co Total Assets Historical Data

The historical data trend for Tong Ming Enterprise 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.

Tong Ming Enterprise Co Total Assets Chart

Tong Ming Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

7,329.40

8,855.43

11,886.59

13,505.23

12,285.77

Tong Ming Enterprise Co 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															13,458.69	12,986.35	12,285.77	12,956.16	13,288.35

Tong Ming Enterprise 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.

Tong Ming Enterprise 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 )
	=	6542.844	+	5742.922
	=	12,286

Tong Ming Enterprise Co'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 )
	=	6842.991	+	6445.356
	=	13,288

Tong Ming Enterprise Co (TPE:5538) Total Assets Explanation

Total Assets is connected with ROA %.

Tong Ming Enterprise Co'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 )
	=	842.596	/	( (12956.164	+	13288.347)	/ 2 )
	=	842.596	/	13122.2555
	=	6.42 %

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.

Tong Ming Enterprise Co'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 )
=	3201.842	/	( (12956.164	+	13288.347)	/ 2 )
=	3201.842	/	13122.2555
=	0.24

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.

Tong Ming Enterprise Co Total Assets Related Terms

Thank you for viewing the detailed overview of Tong Ming Enterprise Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Tong Ming Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tong Ming Enterprise Co Ltd (TPE:5538) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003

Website

http://www.the.com.cn

Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. It derives the maximum revenue from Fasteners products. Geographically, the company operates in China. It serves industries such as curtain wall, high-speed rail, communication, new energy, shipbuilding, and foreign engineering projects.

Tong Ming Enterprise Co Headlines

No Headlines