Wuxi Sunlit Science and Technology Co (HKSE:01289) Total Assets : HK$1,125.6 Mil (As of Dec. 2023)

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What is Wuxi Sunlit Science and Technology Co Total Assets?

Wuxi Sunlit Science and Technology Co's Total Assets for the quarter that ended in Dec. 2023 was HK$1,125.6 Mil.

During the past 12 months, Wuxi Sunlit Science and Technology Co's average Total Assets Growth Rate was 7.50% per year. During the past 3 years, the average Total Assets Growth Rate was 10.40% per year. During the past 5 years, the average Total Assets Growth Rate was 14.00% per year. During the past 10 years, the average Total Assets Growth Rate was 2.70% per year.

During the past 11 years, Wuxi Sunlit Science and Technology Co's highest 3-Year average Total Assets Growth Rate was 17.00%. The lowest was -19.20%. And the median was 7.25%.

Total Assets is connected with ROA %. Wuxi Sunlit Science and Technology Co's annualized ROA % for the quarter that ended in Dec. 2023 was 4.25%. Total Assets is also linked to Revenue through Asset Turnover. Wuxi Sunlit Science and Technology Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.26.

Wuxi Sunlit Science and Technology Co Total Assets Historical Data

The historical data trend for Wuxi Sunlit Science and Technology 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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Wuxi Sunlit Science and Technology Co Total Assets Chart

Wuxi Sunlit Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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829.68

886.59

897.48

1,056.11

1,125.64

Wuxi Sunlit Science and Technology Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															897.48	900.50	1,056.11	1,078.27	1,125.64

Wuxi Sunlit Science and Technology 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.

Wuxi Sunlit Science and Technology 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 )
	=	736.902	+	388.733
	=	1,125.6

Wuxi Sunlit Science and Technology 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 )
	=	736.902	+	388.733
	=	1,125.6

Wuxi Sunlit Science and Technology Co (HKSE:01289) Total Assets Explanation

Total Assets is connected with ROA %.

Wuxi Sunlit Science and Technology Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	46.854	/	( (1078.266	+	1125.635)	/ 2 )
	=	46.854	/	1101.9505
	=	4.25 %

Note: The Net Income data used here is two times the semi-annual (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.

Wuxi Sunlit Science and Technology Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	284.589	/	( (1078.266	+	1125.635)	/ 2 )
=	284.589	/	1101.9505
=	0.26

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.

Wuxi Sunlit Science and Technology Co Total Assets Related Terms

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Wuxi Sunlit Science and Technology Co (HKSE:01289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Sunlit Science and Technology Co Ltd (HKSE:01289) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

1 Yanxin Road East, Huishan Economic Development Zone, Jiangsu Province, Wuxi, CHN, 214174

Website

https://www.wxsunlit.com

Wuxi Sunlit Science and Technology Co Ltd is a China-based company. It is engaged in the research and development, design, manufacture, equipment supply, installation, testing, repair, and maintenance of production lines for manufacturing steel wire products in the People's Republic of China. The company's product portfolio includes brass electroplated wire production lines, standalone machines, double-twist stranding machines, wet drawing machines, mold repairing equipment, parts, and accessories. Geographically, the company operates in Mainland China and other countries, of which the majority of the revenue is earned in Mainland China.

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