Hangzhou First Applied Material Co (SHSE:603806) Total Assets : ¥22,632 Mil (As of Mar. 2024)

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What is Hangzhou First Applied Material Co Total Assets?

Hangzhou First Applied Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥22,632 Mil.

During the past 12 months, Hangzhou First Applied Material Co's average Total Assets Growth Rate was 12.60% per year. During the past 3 years, the average Total Assets Growth Rate was 20.70% per year. During the past 5 years, the average Total Assets Growth Rate was 28.10% per year. During the past 10 years, the average Total Assets Growth Rate was 20.00% per year.

During the past 13 years, Hangzhou First Applied Material Co's highest 3-Year average Total Assets Growth Rate was 69.90%. The lowest was 3.60%. And the median was 31.55%.

Total Assets is connected with ROA %. Hangzhou First Applied Material Co's annualized ROA % for the quarter that ended in Mar. 2024 was 9.38%. Total Assets is also linked to Revenue through Asset Turnover. Hangzhou First Applied Material Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.24.

Hangzhou First Applied Material Co Total Assets Historical Data

The historical data trend for Hangzhou First Applied Material 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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Hangzhou First Applied Material Co Total Assets Chart

Hangzhou First Applied Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8,305.11

11,554.93

13,687.97

20,194.69

21,836.42

Hangzhou First Applied Material 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															20,822.34	21,492.02	21,949.94	21,836.42	22,631.62

Hangzhou First Applied Material 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.

Hangzhou First Applied Material 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 )
	=	15797.772	+	6038.644
	=	21,836

Hangzhou First Applied Material 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 )
	=	16281.327	+	6350.292
	=	22,632

Hangzhou First Applied Material Co (SHSE:603806) Total Assets Explanation

Total Assets is connected with ROA %.

Hangzhou First Applied Material 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 )
	=	2086.004	/	( (21836.416	+	22631.62)	/ 2 )
	=	2086.004	/	22234.018
	=	9.38 %

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.

Hangzhou First Applied Material 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 )
=	5321.491	/	( (21836.416	+	22631.62)	/ 2 )
=	5321.491	/	22234.018
=	0.24

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.

Hangzhou First Applied Material Co Total Assets Related Terms

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Hangzhou First Applied Material Co (SHSE:603806) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hangzhou First Applied Material Co Ltd (SHSE:603806) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

8 Fusite Street Lin'an, Hangzhou, CHN, 311300

Website

http://www.firstpvm.com

Hangzhou First Applied Material Co Ltd is a China-based company engages in the development, manufacturing and selling EVA solar cell film, polyamide hot-melt adhesive film, and solar battery panel. The company offers encapsulant EVA films, polyolefin films, and back sheet materials for PV modules; dry film photoresists and flexible copper clad laminates; aluminum laminated films; silicone encapsulant for LED; and co-polyamide hot melt web, a double-sided adhesive non-woven fabric used in the bonding of fabric, leather, metal, plastic, microfiber, non-woven fabric, wood, paper, and other materials.

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