Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Total Assets : ¥39,068 Mil (As of Mar. 2024)

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What is Universal Scientific Industrial (Shanghai) Co Total Assets?

Universal Scientific Industrial (Shanghai) Co's Total Assets for the quarter that ended in Mar. 2024 was ¥39,068 Mil.

During the past 12 months, Universal Scientific Industrial (Shanghai) Co's average Total Assets Growth Rate was -2.40% per year. During the past 3 years, the average Total Assets Growth Rate was 4.30% per year. During the past 5 years, the average Total Assets Growth Rate was 15.40% per year. During the past 10 years, the average Total Assets Growth Rate was 17.80% per year.

During the past 13 years, Universal Scientific Industrial (Shanghai) Co's highest 3-Year average Total Assets Growth Rate was 28.20%. The lowest was -0.20%. And the median was 14.90%.

Total Assets is connected with ROA %. Universal Scientific Industrial (Shanghai) Co's annualized ROA % for the quarter that ended in Mar. 2024 was 3.42%. Total Assets is also linked to Revenue through Asset Turnover. Universal Scientific Industrial (Shanghai) Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.34.

Universal Scientific Industrial (Shanghai) Co Total Assets Historical Data

The historical data trend for Universal Scientific Industrial (Shanghai) 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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Universal Scientific Industrial (Shanghai) Co Total Assets Chart

Universal Scientific Industrial (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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21,911.85

31,070.40

35,856.73

38,574.47

39,306.38

Universal Scientific Industrial (Shanghai) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															36,872.15	37,531.64	39,987.24	39,306.38	39,067.53

Universal Scientific Industrial (Shanghai) 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.

Universal Scientific Industrial (Shanghai) 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 )
	=	17089.829	+	22216.554
	=	39,306

Universal Scientific Industrial (Shanghai) Co's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	17312.026	+	21755.504
	=	39,068

Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Total Assets Explanation

Total Assets is connected with ROA %.

Universal Scientific Industrial (Shanghai) Co's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	1338.736	/	( (39306.383	+	39067.53)	/ 2 )
	=	1338.736	/	39186.9565
	=	3.42 %

Note: The Net Income data used here is four times the quarterly (Mar. 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.

Universal Scientific Industrial (Shanghai) Co's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	13491.929	/	( (39306.383	+	39067.53)	/ 2 )
=	13491.929	/	39186.9565
=	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.

Universal Scientific Industrial (Shanghai) Co Total Assets Related Terms

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Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Scientific Industrial (Shanghai) Co Ltd (SHSE:601231) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1558, Zhangdong Road, Zhangjiang Hi-Tech Park, Integrated Circuit Industrial Zone, Shanghai, CHN, 201203

Website

http://www.usish.com

Universal Scientific Industrial (Shanghai) Co Ltd provides design, miniaturization, material sourcing, manufacturing, logistics, and after services of electronic devices and modules for brand owners. It mainly focuses on manufacturing electronic parts including wireless communications products, flat LCD display components, and storage products. The company's sales service network exists in North America, Europe, Japan, China, Taiwan, and manufacturing sites in China, Taiwan, Korea and Mexico.

Executives

Shi Jin Peng	senior management
Wei Zhen Yan	Directors, senior managers
Liu Dan Yang	senior management
Chen Feng Da	senior management
Lin Da Yi	senior management
Chen Chang Yi	Directors, senior managers
You Jia Xiong	senior management
Lin Yue Ming	senior management

Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Headlines

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