Gloria Technology LLC (BJSE:831641) Total Assets : ¥617.7 Mil (As of Mar. 2024)

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What is Gloria Technology LLC Total Assets?

Gloria Technology LLC's Total Assets for the quarter that ended in Mar. 2024 was ¥617.7 Mil.

Warning Sign:

If a company builds assets at 19.7% a year, faster than its revenue growth rate of 6.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Gloria Technology LLC's average Total Assets Growth Rate was -25.30% per year. During the past 3 years, the average Total Assets Growth Rate was 17.60% per year. During the past 5 years, the average Total Assets Growth Rate was 19.70% per year. During the past 10 years, the average Total Assets Growth Rate was 17.10% per year.

During the past 12 years, Gloria Technology LLC's highest 3-Year average Total Assets Growth Rate was 32.40%. The lowest was 7.80%. And the median was 15.40%.

Total Assets is connected with ROA %. Gloria Technology LLC's annualized ROA % for the quarter that ended in Mar. 2024 was -4.18%. Total Assets is also linked to Revenue through Asset Turnover. Gloria Technology LLC's Asset Turnover for the quarter that ended in Mar. 2024 was 0.19.

Gloria Technology LLC Total Assets Historical Data

The historical data trend for Gloria Technology LLC'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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Gloria Technology LLC Total Assets Chart

Gloria Technology LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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318.74

367.52

526.93

725.81

623.25

Gloria Technology LLC Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															781.99	754.20	644.88	623.25	617.74

Gloria Technology LLC 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.

Gloria Technology LLC'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 )
	=	384.27	+	238.985
	=	623.3

Gloria Technology LLC'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 )
	=	379.112	+	238.628
	=	617.7

Gloria Technology LLC (BJSE:831641) Total Assets Explanation

Total Assets is connected with ROA %.

Gloria Technology LLC'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 )
	=	-25.92	/	( (623.254	+	617.74)	/ 2 )
	=	-25.92	/	620.497
	=	-4.18 %

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.

Gloria Technology LLC'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 )
=	117.246	/	( (623.254	+	617.74)	/ 2 )
=	117.246	/	620.497
=	0.19

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.

Gloria Technology LLC Total Assets Related Terms

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Gloria Technology LLC (BJSE:831641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gloria Technology LLC (BJSE:831641) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 30 Kunlun Road, High-tech Industrial Development Zone, Greer Digital Technology Industrial Park, Jiangsu Province, Xuzhou City, CHN, 221116

Website

http://www.gloriatechnology.com

Gloria Technology LLC engages in research and development, production, and sales of lighting products and magnetic devices. Its products comprise intelligent control systems, sensors, various electronic transformers, switching power supplies, a full range of electronic ballasts, inverters, indoor and outdoor lighting fixtures, explosion-proof lamps, photovoltaic power generation equipment, communication system equipment.

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