Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Total Assets : $171.92 Mil (As of Dec. 2023)

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What is Meihua International Medical Technologies Co Total Assets?

Meihua International Medical Technologies Co's Total Assets for the quarter that ended in Dec. 2023 was $171.92 Mil.

During the past 12 months, Meihua International Medical Technologies Co's average Total Assets Growth Rate was 13.30% per year. During the past 3 years, the average Total Assets Growth Rate was 16.20% per year.

During the past 5 years, Meihua International Medical Technologies Co's highest 3-Year average Total Assets Growth Rate was 33.80%. The lowest was 16.20%. And the median was 25.00%.

Total Assets is connected with ROA %. Meihua International Medical Technologies Co's annualized ROA % for the quarter that ended in Dec. 2023 was 5.46%. Total Assets is also linked to Revenue through Asset Turnover. Meihua International Medical Technologies Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.29.

Meihua International Medical Technologies Co Total Assets Historical Data

The historical data trend for Meihua International Medical Technologies 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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Meihua International Medical Technologies Co Total Assets Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

73.21

106.05

136.86

163.58

171.92

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial				136.86	165.25	163.58	162.61	171.92

Meihua International Medical Technologies 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.

Meihua International Medical Technologies 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 )
	=	146.838	+	25.077
	=	171.92

Meihua International Medical Technologies Co's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	146.838	+	25.077
	=	171.92

Meihua International Medical Technologies Co (NAS:MHUA) Total Assets Explanation

Total Assets is connected with ROA %.

Meihua International Medical Technologies Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	9.126	/	( (162.612	+	171.915)	/ 2 )
	=	9.126	/	167.2635
	=	5.46 %

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

Meihua International Medical Technologies Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	48.909	/	( (162.612	+	171.915)	/ 2 )
=	48.909	/	167.2635
=	0.29

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.

Meihua International Medical Technologies Co Total Assets Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.