Tongxin International (Tongxin International) Total Assets : $165.08 Mil (As of Dec. 2010)

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What is Tongxin International Total Assets?

Tongxin International's Total Assets for the quarter that ended in Dec. 2010 was $165.08 Mil.

Total Assets is connected with ROA %. Tongxin International's annualized ROA % for the quarter that ended in Dec. 2010 was 1.43%. Total Assets is also linked to Revenue through Asset Turnover. Tongxin International's Asset Turnover for the quarter that ended in Dec. 2010 was 0.65.

Tongxin International Total Assets Historical Data

The historical data trend for Tongxin International'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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Tongxin International Total Assets Chart

Tongxin International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec14

Total Assets

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89.58

158.18

164.73

165.08

116.07

Tongxin International Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec14
Total Assets	Get a 7-Day Free Trial			89.58	158.18	164.73	165.08	116.07

Tongxin International 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.

Tongxin International's Total Assets for the fiscal year that ended in Dec. 2010 is calculated as

Total Assets	=	Total Equity (A: Dec. 2010 )	+	Total Liabilities (A: Dec. 2010 )
	=	92.163	+	72.918
	=	165.08

Tongxin International's Total Assets for the quarter that ended in Dec. 2010 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2010 )	+	Total Liabilities (Q: Dec. 2010 )
	=	92.163	+	72.918
	=	165.08

Tongxin International (OTCPK:TXIC) Total Assets Explanation

Total Assets is connected with ROA %.

Tongxin International's annualized ROA % for the quarter that ended in Dec. 2010 is

ROA %	=	Net Income (Q: Dec. 2010 )	/	( (Total Assets (Q: Dec. 2009 )	+	Total Assets (Q: Dec. 2010 ))	/ count )
	=	2.35	/	( (164.727	+	165.081)	/ 2 )
	=	2.35	/	164.904
	=	1.43 %

Note: The Net Income data used here is one times the annual (Dec. 2010) 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.

Tongxin International's Asset Turnover for the quarter that ended in Dec. 2010 is

	Asset Turnover
=	Revenue (Q: Dec. 2010 )	/	( (Total Assets (Q: Dec. 2009 )	+	Total Assets (Q: Dec. 2010 ))	/ count )
=	106.461	/	( (164.727	+	165.081)	/ 2 )
=	106.461	/	164.904
=	0.65

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.

Tongxin International Total Assets Related Terms

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Tongxin International (Tongxin International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tongxin International Ltd (OTCPK:TXIC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

Hunan Tongxin, Changsha, Hunan Province, Jiangbei, CHN, 410135

Website

http://www.txicint.com

Tongxin International Ltd is an independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Further, the company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process.

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