Shenyang Fortune Precision Equipment Co (SHSE:688409) Total Assets : ¥7,592 Mil (As of Mar. 2024)

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What is Shenyang Fortune Precision Equipment Co Total Assets?

Shenyang Fortune Precision Equipment Co's Total Assets for the quarter that ended in Mar. 2024 was ¥7,592 Mil.

Warning Sign:

If a company builds assets at 57.1% a year, faster than its revenue growth rate of 46.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Shenyang Fortune Precision Equipment Co's average Total Assets Growth Rate was 51.10% per year. During the past 3 years, the average Total Assets Growth Rate was 68.90% per year. During the past 5 years, the average Total Assets Growth Rate was 57.10% per year.

During the past 6 years, Shenyang Fortune Precision Equipment Co's highest 3-Year average Total Assets Growth Rate was 68.90%. The lowest was 48.60%. And the median was 64.90%.

Total Assets is connected with ROA %. Shenyang Fortune Precision Equipment Co's annualized ROA % for the quarter that ended in Mar. 2024 was 3.18%. Total Assets is also linked to Revenue through Asset Turnover. Shenyang Fortune Precision Equipment Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Shenyang Fortune Precision Equipment Co Total Assets Historical Data

The historical data trend for Shenyang Fortune Precision Equipment 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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Shenyang Fortune Precision Equipment Co Total Assets Chart

Shenyang Fortune Precision Equipment Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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836.13

1,459.15

2,486.59

6,640.48

7,589.86

Shenyang Fortune Precision Equipment Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial											6,773.71	6,943.75	7,335.87	7,589.86	7,591.58

Shenyang Fortune Precision Equipment 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.

Shenyang Fortune Precision Equipment 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 )
	=	4759.884	+	2829.98
	=	7,590

Shenyang Fortune Precision Equipment 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 )
	=	4748.641	+	2842.943
	=	7,592

Shenyang Fortune Precision Equipment Co (SHSE:688409) Total Assets Explanation

Total Assets is connected with ROA %.

Shenyang Fortune Precision Equipment 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 )
	=	241.72	/	( (7589.864	+	7591.584)	/ 2 )
	=	241.72	/	7590.724
	=	3.18 %

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.

Shenyang Fortune Precision Equipment 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 )
=	701.476	/	( (7589.864	+	7591.584)	/ 2 )
=	701.476	/	7590.724
=	0.09

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.

Shenyang Fortune Precision Equipment Co Total Assets Related Terms

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Shenyang Fortune Precision Equipment Co (SHSE:688409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » Total Assets

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Address

No. 18A-1, Feiyun Road, Hunnan District, Liaoning Province, Shenyang, CHN, 110168

Website

http://www.fortune-semi.com

Shenyang Fortune Precision Equipment Co Ltd focuses on the precision manufacturing technology of metal parts and components, and has mastered one-stop manufacturing processes such as precision machinery manufacturing, high-cleanliness surface treatment, welding, assembly, and testing that can meet stringent standards.

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