Dainichi Co (TSE:5951) Total Assets : 円32,617 Mil (As of Dec. 2023)

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What is Dainichi Co Total Assets?

Dainichi Co's Total Assets for the quarter that ended in Dec. 2023 was 円32,617 Mil.

During the past 12 months, Dainichi Co's average Total Assets Growth Rate was 3.00% per year. During the past 3 years, the average Total Assets Growth Rate was -2.00% per year. During the past 5 years, the average Total Assets Growth Rate was 3.10% per year. During the past 10 years, the average Total Assets Growth Rate was 0.20% per year.

During the past 13 years, Dainichi Co's highest 3-Year average Total Assets Growth Rate was 10.90%. The lowest was -6.50%. And the median was -1.00%.

Total Assets is connected with ROA %. Dainichi Co's annualized ROA % for the quarter that ended in Dec. 2023 was 14.22%. Total Assets is also linked to Revenue through Asset Turnover. Dainichi Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.34.

Dainichi Co Total Assets Historical Data

The historical data trend for Dainichi 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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Dainichi Co Total Assets Chart

Dainichi Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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28,133.51

27,527.75

29,293.50

28,963.36

30,255.23

Dainichi Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															31,452.87	30,255.23	28,234.20	29,358.71	32,616.60

Dainichi 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.

Dainichi Co's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	26096.248	+	4158.979
	=	30,255

Dainichi Co's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	27497.861	+	5118.735
	=	32,617

Dainichi Co (TSE:5951) Total Assets Explanation

Total Assets is connected with ROA %.

Dainichi Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	4406.928	/	( (29358.705	+	32616.596)	/ 2 )
	=	4406.928	/	30987.6505
	=	14.22 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Dainichi Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	10659.905	/	( (29358.705	+	32616.596)	/ 2 )
=	10659.905	/	30987.6505
=	0.34

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.

Dainichi Co Total Assets Related Terms

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Dainichi Co (TSE:5951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Dainichi Co Ltd (TSE:5951) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

780-6 Kitatanaka, Minami-ku, Niigata, JPN, 950-1295

Website

http://www.dainichi-net.co.jp

Dainichi Co Ltd engages in the manufacture and sale of oil fan heaters, ceramic fan heaters, coffee makers and others. Its products include household fan heaters, commercial oil stoves, coffee maker with roasters, coffee bean roasters, smoke machines, automatic feeding machines, photosynthesis promotion machines, and horticulture dedicated heaters.

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