MGI Tech Co (SHSE:688114) Total Assets : ¥10,038 Mil (As of Mar. 2024)

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What is MGI Tech Co Total Assets?

MGI Tech Co's Total Assets for the quarter that ended in Mar. 2024 was ¥10,038 Mil.

During the past 12 months, MGI Tech Co's average Total Assets Growth Rate was 21.00% per year. During the past 3 years, the average Total Assets Growth Rate was 19.50% per year. During the past 5 years, the average Total Assets Growth Rate was 7.90% per year.

During the past 7 years, MGI Tech Co's highest 3-Year average Total Assets Growth Rate was 23.50%. The lowest was -4.20%. And the median was 10.75%.

Total Assets is connected with ROA %. MGI Tech Co's annualized ROA % for the quarter that ended in Mar. 2024 was -7.81%. Total Assets is also linked to Revenue through Asset Turnover. MGI Tech Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

MGI Tech Co Total Assets Historical Data

The historical data trend for MGI Tech 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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MGI Tech Co Total Assets Chart

MGI Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5,451.54

6,178.43

5,943.22

11,218.32

10,557.09

MGI Tech Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial													10,721.11	11,432.36	10,943.79	10,557.09	10,038.33

MGI Tech 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.

MGI Tech 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 )
	=	8674.246	+	1882.841
	=	10,557

MGI Tech 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 )
	=	8338.366	+	1699.965
	=	10,038

MGI Tech Co (SHSE:688114) Total Assets Explanation

Total Assets is connected with ROA %.

MGI Tech 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 )
	=	-803.944	/	( (10557.087	+	10038.331)	/ 2 )
	=	-803.944	/	10297.709
	=	-7.81 %

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.

MGI Tech 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 )
=	530.736	/	( (10557.087	+	10038.331)	/ 2 )
=	530.736	/	10297.709
=	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.

MGI Tech Co Total Assets Related Terms

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MGI Tech Co (SHSE:688114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MGI Tech Co Ltd (SHSE:688114) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083

Website

http://www.mgi-tech.com

MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare and other relevant industries.

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