Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Total Assets : ¥9,507 Mil (As of Mar. 2024)

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What is Tianjin 712 Communication & Broadcasting Co Total Assets?

Tianjin 712 Communication & Broadcasting Co's Total Assets for the quarter that ended in Mar. 2024 was ¥9,507 Mil.

During the past 12 months, Tianjin 712 Communication & Broadcasting Co's average Total Assets Growth Rate was -6.70% per year. During the past 3 years, the average Total Assets Growth Rate was 12.00% per year. During the past 5 years, the average Total Assets Growth Rate was 16.60% per year. During the past 10 years, the average Total Assets Growth Rate was 16.50% per year.

During the past 11 years, Tianjin 712 Communication & Broadcasting Co's highest 3-Year average Total Assets Growth Rate was 22.30%. The lowest was 10.70%. And the median was 16.70%.

Total Assets is connected with ROA %. Tianjin 712 Communication & Broadcasting Co's annualized ROA % for the quarter that ended in Mar. 2024 was 0.66%. Total Assets is also linked to Revenue through Asset Turnover. Tianjin 712 Communication & Broadcasting Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Tianjin 712 Communication & Broadcasting Co Total Assets Historical Data

The historical data trend for Tianjin 712 Communication & Broadcasting 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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Tianjin 712 Communication & Broadcasting Co Total Assets Chart

Tianjin 712 Communication & Broadcasting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5,464.69

6,912.95

8,577.30

9,823.35

9,767.70

Tianjin 712 Communication & Broadcasting 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															9,636.44	9,532.94	9,703.24	9,767.70	9,506.55

Tianjin 712 Communication & Broadcasting 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.

Tianjin 712 Communication & Broadcasting 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 )
	=	4760.077	+	5007.62
	=	9,768

Tianjin 712 Communication & Broadcasting 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 )
	=	4784.46	+	4722.088
	=	9,507

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Total Assets Explanation

Total Assets is connected with ROA %.

Tianjin 712 Communication & Broadcasting 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 )
	=	63.508	/	( (9767.698	+	9506.547)	/ 2 )
	=	63.508	/	9637.1225
	=	0.66 %

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.

Tianjin 712 Communication & Broadcasting 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 )
=	489.82	/	( (9767.698	+	9506.547)	/ 2 )
=	489.82	/	9637.1225
=	0.05

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.

Tianjin 712 Communication & Broadcasting Co Total Assets Related Terms

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Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tianjin 712 Communication & Broadcasting Co Ltd (SHSE:603712) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 141 North Main Street, Tianjin Economic and Technological Development Zone, West District, Tianjin, CHN, 300462

Website

http://www.712.cn

Tianjin 712 Communication & Broadcasting Co Ltd is a Chinese based company operates in communication equipment business. It is primarily involved in the research, development, production, and precision electronic product processing of civil communication equipment, trunking mobile communication system, maritime communication products, digital walkie-talkie and train wireless dispatching communication system equipment. Geographically, the operations are carried out through China.

Executives

Zhang Bao Zhu	senior management
Zhang Feng Xia	Supervisors
Xiao Peng	senior management
Pang Hui	Directors, senior managers
Ma Yan	senior management
Zhang Xin	Supervisors
Wang Bao	Director

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Headlines

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