Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) Total Assets : ¥478.3 Mil (As of Mar. 2024)

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What is Tianfangbiao Standardization Certification and Testing Co Total Assets?

Tianfangbiao Standardization Certification and Testing Co's Total Assets for the quarter that ended in Mar. 2024 was ¥478.3 Mil.

During the past 12 months, Tianfangbiao Standardization Certification and Testing Co's average Total Assets Growth Rate was 33.10% per year. During the past 3 years, the average Total Assets Growth Rate was 2.80% per year. During the past 5 years, the average Total Assets Growth Rate was 31.30% per year.

During the past 9 years, Tianfangbiao Standardization Certification and Testing Co's highest 3-Year average Total Assets Growth Rate was 56.40%. The lowest was 2.80%. And the median was 36.80%.

Total Assets is connected with ROA %. Tianfangbiao Standardization Certification and Testing Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.54%. Total Assets is also linked to Revenue through Asset Turnover. Tianfangbiao Standardization Certification and Testing Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.07.

Tianfangbiao Standardization Certification and Testing Co Total Assets Historical Data

The historical data trend for Tianfangbiao Standardization Certification and Testing 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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Tianfangbiao Standardization Certification and Testing Co Total Assets Chart

Tianfangbiao Standardization Certification and Testing Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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121.82

296.89

308.59

451.37

456.09

Tianfangbiao Standardization Certification and Testing Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															446.94	430.29	439.03	456.09	478.28

Tianfangbiao Standardization Certification and Testing 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.

Tianfangbiao Standardization Certification and Testing 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 )
	=	423.566	+	32.522
	=	456.1

Tianfangbiao Standardization Certification and Testing 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 )
	=	415.06	+	63.222
	=	478.3

Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) Total Assets Explanation

Total Assets is connected with ROA %.

Tianfangbiao Standardization Certification and Testing 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 )
	=	7.188	/	( (456.088	+	478.282)	/ 2 )
	=	7.188	/	467.185
	=	1.54 %

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.

Tianfangbiao Standardization Certification and Testing 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 )
=	33.992	/	( (456.088	+	478.282)	/ 2 )
=	33.992	/	467.185
=	0.07

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.

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Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tianfangbiao Standardization Certification and Testing Co Ltd (BJSE:871753) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

No. 158, Hanghai Road,, Tianjin Pilot Free Trade Zone, Airport Economic Zone, Tianjin, CHN, 300308

Website

http://www.cnttts.com

Tianfangbiao Standardization Certification and Testing Co Ltd engage in testing and inspection services for consumer goods, medical devices, and industrial products. Its services comprise Product quality testing and certification services; technical consultation and technical services for textile testing and testing standards; development, consulting, service, transfer, and standard formulation of product quality testing technologies; development, sales, appraisal, and leasing of testing equipment; entrusted testing of product quality.

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