Shenzhen MinDe Electronics Technology (SZSE:300656) Total Assets : ¥1,747.7 Mil (As of Mar. 2024)

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What is Shenzhen MinDe Electronics Technology Total Assets?

Shenzhen MinDe Electronics Technology's Total Assets for the quarter that ended in Mar. 2024 was ¥1,747.7 Mil.

Warning Sign:

If a company builds assets at 35.9% a year, faster than its revenue growth rate of 9.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Shenzhen MinDe Electronics Technology's average Total Assets Growth Rate was 6.90% per year. During the past 3 years, the average Total Assets Growth Rate was 34.00% per year. During the past 5 years, the average Total Assets Growth Rate was 35.90% per year. During the past 10 years, the average Total Assets Growth Rate was 50.10% per year.

During the past 11 years, Shenzhen MinDe Electronics Technology's highest 3-Year average Total Assets Growth Rate was 110.10%. The lowest was 12.40%. And the median was 41.70%.

Total Assets is connected with ROA %. Shenzhen MinDe Electronics Technology's annualized ROA % for the quarter that ended in Mar. 2024 was 0.05%. Total Assets is also linked to Revenue through Asset Turnover. Shenzhen MinDe Electronics Technology's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

Shenzhen MinDe Electronics Technology Total Assets Historical Data

The historical data trend for Shenzhen MinDe Electronics 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.

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Shenzhen MinDe Electronics Technology Total Assets Chart

Shenzhen MinDe Electronics Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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649.81

814.43

831.67

1,532.99

1,762.25

Shenzhen MinDe Electronics Technology 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															1,724.62	1,705.22	1,722.91	1,762.25	1,747.73

Shenzhen MinDe Electronics 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.

Shenzhen MinDe Electronics 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 )
	=	1181.004	+	581.247
	=	1,762.3

Shenzhen MinDe Electronics 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 )
	=	1159.128	+	588.601
	=	1,747.7

Shenzhen MinDe Electronics Technology (SZSE:300656) Total Assets Explanation

Total Assets is connected with ROA %.

Shenzhen MinDe Electronics 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 )
	=	0.816	/	( (1762.252	+	1747.729)	/ 2 )
	=	0.816	/	1754.9905
	=	0.05 %

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.

Shenzhen MinDe Electronics 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 )
=	65.685	/	( (1762.252	+	1747.729)	/ 2 )
=	65.685	/	1754.9905
=	0.04

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.

Shenzhen MinDe Electronics Technology Total Assets Related Terms

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Shenzhen MinDe Electronics Technology (SZSE:300656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shenzhen MinDe Electronics Technology Ltd (SZSE:300656) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No.5, Kezhi Xi Road, 5th Floor, Section 1, 25th Block, Keji Yuan, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.mindeo.cn

Shenzhen MinDe Electronics Technology Ltd is a Chinese company engaged in designing, developing and manufacturing barcode scan instruments. Its products include handheld barcode scanners, cordless barcode scanners, scan engines, image platform, and lightweight data terminal, among others. The application domains are manufacturing, retailing, postage, logistic and medical services. It has customers in China and in various other countries.

Executives

Huang Xiao Dong	Directors, executives
Gao Jian	Directors, executives
Luo Yuan Xiong	Supervisors
Zou Shan Feng	Director
Fan Zhang Zheng	Directors, executives
Yi Yang Qing	Directors, executives
Bai Nan	Supervisors
Chen Guo Bing	Securities Affairs Representative
Xu Wen Huan	Directors, executives

Shenzhen MinDe Electronics Technology (SZSE:300656) Headlines

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