Loongson Technology (SHSE:688047) Total Assets : ¥3,930.2 Mil (As of Mar. 2024)

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What is Loongson Technology Total Assets?

Loongson Technology's Total Assets for the quarter that ended in Mar. 2024 was ¥3,930.2 Mil.

Warning Sign:

If a company builds assets at 53.5% a year, faster than its revenue growth rate of 10.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Loongson Technology's average Total Assets Growth Rate was -1.40% per year. During the past 3 years, the average Total Assets Growth Rate was 32.80% per year. During the past 5 years, the average Total Assets Growth Rate was 53.50% per year.

During the past 6 years, Loongson Technology's highest 3-Year average Total Assets Growth Rate was 72.30%. The lowest was 32.80%. And the median was 63.90%.

Total Assets is connected with ROA %. Loongson Technology's annualized ROA % for the quarter that ended in Mar. 2024 was -7.44%. Total Assets is also linked to Revenue through Asset Turnover. Loongson Technology's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Loongson Technology Total Assets Historical Data

The historical data trend for Loongson Technology'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.

* Premium members only.

Loongson Technology Total Assets Chart

Loongson Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,179.64

1,681.63

1,989.48

4,368.34

4,112.09

Loongson Technology Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												4,318.96	4,313.00	4,315.44	4,112.09	3,930.16

Loongson Technology 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.

Loongson Technology'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 )
	=	3548.925	+	563.164
	=	4,112.1

Loongson Technology'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 )
	=	3473.472	+	456.692
	=	3,930.2

Loongson Technology (SHSE:688047) Total Assets Explanation

Total Assets is connected with ROA %.

Loongson Technology'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 )
	=	-299.232	/	( (4112.089	+	3930.164)	/ 2 )
	=	-299.232	/	4021.1265
	=	-7.44 %

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.

Loongson Technology'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 )
=	119.998	/	( (4112.089	+	3930.164)	/ 2 )
=	119.998	/	4021.1265
=	0.03

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.

Loongson Technology Total Assets Related Terms

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Loongson Technology (SHSE:688047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Loongson Technology Corp Ltd (SHSE:688047) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 7, Dijin Road, Room 101, 1st Floor, Building 4, Haidian District, Beijing, CHN, 100095

Website

http://www.loongson.cn

Loongson Technology Corp Ltd is engaged in the development, sales and service of processors and supporting chips.

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