Beijing Balance Medical Technology Co (SHSE:688198) Total Assets : ¥1,309.2 Mil (As of Mar. 2024)

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What is Beijing Balance Medical Technology Co Total Assets?

Beijing Balance Medical Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,309.2 Mil.

Warning Sign:

If a company builds assets at 79.3% a year, faster than its revenue growth rate of 16.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Beijing Balance Medical Technology Co's average Total Assets Growth Rate was 43.40% per year. During the past 3 years, the average Total Assets Growth Rate was 102.20% per year. During the past 5 years, the average Total Assets Growth Rate was 79.30% per year.

During the past 8 years, Beijing Balance Medical Technology Co's highest 3-Year average Total Assets Growth Rate was 102.20%. The lowest was -2.80%. And the median was 58.90%.

Total Assets is connected with ROA %. Beijing Balance Medical Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 2.52%. Total Assets is also linked to Revenue through Asset Turnover. Beijing Balance Medical Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Beijing Balance Medical Technology Co Total Assets Historical Data

The historical data trend for Beijing Balance Medical Technology 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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Beijing Balance Medical Technology Co Total Assets Chart

Beijing Balance Medical Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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788.29

873.83

1,030.96

1,179.93

1,327.02

Beijing Balance Medical Technology 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															1,186.70	1,214.67	1,266.48	1,327.02	1,309.23

Beijing Balance Medical Technology 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.

Beijing Balance Medical Technology 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 )
	=	1188.55	+	138.465
	=	1,327.0

Beijing Balance Medical Technology 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 )
	=	1196.637	+	112.59
	=	1,309.2

Beijing Balance Medical Technology Co (SHSE:688198) Total Assets Explanation

Total Assets is connected with ROA %.

Beijing Balance Medical Technology 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 )
	=	33.28	/	( (1327.015	+	1309.227)	/ 2 )
	=	33.28	/	1318.121
	=	2.52 %

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.

Beijing Balance Medical Technology 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 )
=	76.265	/	( (1327.015	+	1309.227)	/ 2 )
=	76.265	/	1318.121
=	0.06

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.

Beijing Balance Medical Technology Co Total Assets Related Terms

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Beijing Balance Medical Technology Co (SHSE:688198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Beijing Balance Medical Technology Co Ltd (SHSE:688198) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Huachang Road, East District, Science Park, Changping District, Beijing, CHN, 102200

Website

http://www.bairenmedical.com

Beijing Balance Medical Technology Co Ltd is engaged in the research and development and production of animal-derived implantable medical devices. The company's products are used in heart valve replacement and repair, congenital heart disease implant intervention and surgical soft tissue repair.

Executives

Wu Jia	Core technical personnel
Fan Zhi Hao	Core technical personnel
Zhu Li Wu	Core technical personnel
Bo Bin Xu	Core technical personnel
Zheng Xue Qin	Core technical personnel
Jin Lei	Directors, senior managers, core technical personn
Cheng Qi	Director

Beijing Balance Medical Technology Co (SHSE:688198) Headlines

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