Hootech (SZSE:301026) Total Assets : ¥1,910 Mil (As of Mar. 2024)

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What is Hootech Total Assets?

Hootech's Total Assets for the quarter that ended in Mar. 2024 was ¥1,910 Mil.

During the past 12 months, Hootech's average Total Assets Growth Rate was 9.80% per year. During the past 3 years, the average Total Assets Growth Rate was 34.10% per year. During the past 5 years, the average Total Assets Growth Rate was 34.30% per year. During the past 10 years, the average Total Assets Growth Rate was 27.10% per year.

During the past 11 years, Hootech's highest 3-Year average Total Assets Growth Rate was 41.00%. The lowest was 14.10%. And the median was 29.90%.

Total Assets is connected with ROA %. Hootech's annualized ROA % for the quarter that ended in Mar. 2024 was 4.71%. Total Assets is also linked to Revenue through Asset Turnover. Hootech's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Hootech Total Assets Historical Data

The historical data trend for Hootech'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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Hootech Total Assets Chart

Hootech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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563.60

791.88

1,412.65

1,697.86

1,893.77

Hootech 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															1,963.12	2,069.87	2,125.14	1,893.77	1,910.43

Hootech 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.

Hootech'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 )
	=	1533.998	+	359.767
	=	1,894

Hootech'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 )
	=	1556.196	+	354.232
	=	1,910

Hootech (SZSE:301026) Total Assets Explanation

Total Assets is connected with ROA %.

Hootech'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 )
	=	89.672	/	( (1893.765	+	1910.428)	/ 2 )
	=	89.672	/	1902.0965
	=	4.71 %

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.

Hootech'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 )
=	311.813	/	( (1893.765	+	1910.428)	/ 2 )
=	311.813	/	1902.0965
=	0.16

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.

Hootech Total Assets Related Terms

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Hootech (SZSE:301026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hootech Inc (SZSE:301026) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 1, Liujing Road, Economic and Technological Development Zone, Jiangsu Province, Xuzhou City, CHN, 221004

Website

http://www.hootech.com.cn

Hootech Inc is engaged in research and development, production, sales and service of precious metal recycling and related products. The company's business segments are precious metal recycling, precious metal-based new materials, and trading.

Executives

Lin De Jian	Director
Yu Zhi Hao	Supervisors
Zhu Jin	Supervisors
Zhu Feng	Executives

Hootech (SZSE:301026) Headlines

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