Jin Medical International (Jin Medical International) Total Assets : $32.90 Mil (As of Sep. 2023)

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What is Jin Medical International Total Assets?

Jin Medical International's Total Assets for the quarter that ended in Sep. 2023 was $32.90 Mil.

During the past 12 months, Jin Medical International's average Total Assets Growth Rate was 16.80% per year. During the past 3 years, the average Total Assets Growth Rate was -3.40% per year.

During the past 4 years, Jin Medical International's highest 3-Year average Total Assets Growth Rate was -3.40%. The lowest was -3.40%. And the median was -3.40%.

Total Assets is connected with ROA %. Jin Medical International's annualized ROA % for the quarter that ended in Sep. 2023 was 6.96%. Total Assets is also linked to Revenue through Asset Turnover. Jin Medical International's Asset Turnover for the quarter that ended in Sep. 2023 was 0.30.

Jin Medical International Total Assets Historical Data

The historical data trend for Jin Medical International'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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Jin Medical International Total Assets Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Total Assets

20.82

21.90

20.94

32.90

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial			21.90	21.84	20.94	31.02	32.90

Jin Medical International 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.

Jin Medical International's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	23.979	+	8.924
	=	32.90

Jin Medical International's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	23.979	+	8.924
	=	32.90

Jin Medical International (NAS:ZJYL) Total Assets Explanation

Total Assets is connected with ROA %.

Jin Medical International's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	2.224	/	( (31.022	+	32.903)	/ 2 )
	=	2.224	/	31.9625
	=	6.96 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) 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.

Jin Medical International's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	9.568	/	( (31.022	+	32.903)	/ 2 )
=	9.568	/	31.9625
=	0.30

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.

Jin Medical International Total Assets Related Terms

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Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.