TMP Steel (ROCO:6248) Total Assets : NT$3,470 Mil (As of Mar. 2024)

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What is TMP Steel Total Assets?

TMP Steel's Total Assets for the quarter that ended in Mar. 2024 was NT$3,470 Mil.

Warning Sign:

If a company builds assets at 26% a year, faster than its revenue growth rate of 8.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, TMP Steel's average Total Assets Growth Rate was 45.00% per year. During the past 3 years, the average Total Assets Growth Rate was 30.00% per year. During the past 5 years, the average Total Assets Growth Rate was 26.00% per year. During the past 10 years, the average Total Assets Growth Rate was 26.20% per year.

During the past 13 years, TMP Steel's highest 3-Year average Total Assets Growth Rate was 39.30%. The lowest was -35.20%. And the median was 19.25%.

Total Assets is connected with ROA %. TMP Steel's annualized ROA % for the quarter that ended in Mar. 2024 was 6.08%. Total Assets is also linked to Revenue through Asset Turnover. TMP Steel's Asset Turnover for the quarter that ended in Mar. 2024 was 0.69.

TMP Steel Total Assets Historical Data

The historical data trend for TMP Steel'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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TMP Steel Total Assets Chart

TMP Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,235.46

1,394.79

2,447.44

2,182.38

2,897.80

TMP Steel 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															2,480.94	2,443.21	2,387.29	2,897.80	3,469.54

TMP Steel 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.

TMP Steel'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 )
	=	1445.216	+	1452.58
	=	2,898

TMP Steel'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 )
	=	1377.382	+	2092.154
	=	3,470

TMP Steel (ROCO:6248) Total Assets Explanation

Total Assets is connected with ROA %.

TMP Steel'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 )
	=	193.608	/	( (2897.796	+	3469.536)	/ 2 )
	=	193.608	/	3183.666
	=	6.08 %

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.

TMP Steel'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 )
=	2200.59	/	( (2897.796	+	3469.536)	/ 2 )
=	2200.59	/	3183.666
=	0.69

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.

TMP Steel Total Assets Related Terms

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TMP Steel (ROCO:6248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » TMP Steel Corp (ROCO:6248) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

No. 3, Jingjian 11th Road, Lukang Township, Changhua, TWN, 505029

Website

https://www.tmpco.com.tw

TMP Steel Corp is a Taiwan-based company engaged in offering steel products. It is engaged in the wholesale of hardware and building materials and the manufacture and sale of its components. The company provides steel bars and reinforcement processing solutions to customers.

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