Solomon Systech (International) (HKSE:02878) Total Assets : HK$1,229 Mil (As of Dec. 2023)

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What is Solomon Systech (International) Total Assets?

Solomon Systech (International)'s Total Assets for the quarter that ended in Dec. 2023 was HK$1,229 Mil.

During the past 12 months, Solomon Systech (International)'s average Total Assets Growth Rate was -33.60% per year. During the past 3 years, the average Total Assets Growth Rate was 20.10% per year. During the past 5 years, the average Total Assets Growth Rate was 6.70% per year. During the past 10 years, the average Total Assets Growth Rate was 10.50% per year.

During the past 13 years, Solomon Systech (International)'s highest 3-Year average Total Assets Growth Rate was 34.60%. The lowest was -37.90%. And the median was 3.95%.

Total Assets is connected with ROA %. Solomon Systech (International)'s annualized ROA % for the quarter that ended in Dec. 2023 was 7.89%. Total Assets is also linked to Revenue through Asset Turnover. Solomon Systech (International)'s Asset Turnover for the quarter that ended in Dec. 2023 was 0.43.

Solomon Systech (International) Total Assets Historical Data

The historical data trend for Solomon Systech (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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Solomon Systech (International) Total Assets Chart

Solomon Systech (International) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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600.33

730.52

1,091.18

1,232.14

1,229.47

Solomon Systech (International) 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															1,091.18	1,322.91	1,232.14	1,254.93	1,229.47

Solomon Systech (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.

Solomon Systech (International)'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 )
	=	991.306	+	238.16
	=	1,229

Solomon Systech (International)'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 )
	=	991.306	+	238.16
	=	1,229

Solomon Systech (International) (HKSE:02878) Total Assets Explanation

Total Assets is connected with ROA %.

Solomon Systech (International)'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 )
	=	98.06	/	( (1254.925	+	1229.466)	/ 2 )
	=	98.06	/	1242.1955
	=	7.89 %

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.

Solomon Systech (International)'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 )
=	529.637	/	( (1254.925	+	1229.466)	/ 2 )
=	529.637	/	1242.1955
=	0.43

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.

Solomon Systech (International) Total Assets Related Terms

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Solomon Systech (International) (HKSE:02878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solomon Systech (International) Ltd (HKSE:02878) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

RZF:Germany

Address

No. 3 Science Park East Avenue, 6th Floor, Unit 607–613, Wireless Centre, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.solomon-systech.com

Solomon Systech (International) Ltd, along with its subsidiaries is a semiconductor company specializing in the design, development, and sales of integrated circuit products and system solutions for various applications like smartphones, smart televisions, and other smart devices including consumer electronics products, wearables, portable devices, and industrial appliances. Geographically, the company's business is spread across Taiwan, China, Europe, Japan, Korea, South East Asia, the United States of America, and other regions. Hong Kong generates maximum revenue for the company.

Executives

Huada Semiconductor Co., Ltd	2101 Beneficial owner
Zhong Guo Dian Zi Xin Xi Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Dian Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Yeh Tsuei Chi	2101 Beneficial owner

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