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Topchoice Medical (SHSE:600763) Total Assets : ¥6,092 Mil (As of Mar. 2024)


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What is Topchoice Medical Total Assets?

Topchoice Medical's Total Assets for the quarter that ended in Mar. 2024 was ¥6,092 Mil.

Warning Sign:

If a company builds assets at 26% a year, faster than its revenue growth rate of 13.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Topchoice Medical's average Total Assets Growth Rate was 21.20% per year. During the past 3 years, the average Total Assets Growth Rate was 23.70% 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 29.50% per year.

During the past 13 years, Topchoice Medical's highest 3-Year average Total Assets Growth Rate was 70.80%. The lowest was -42.00%. And the median was 26.75%.

Total Assets is connected with ROA %. Topchoice Medical's annualized ROA % for the quarter that ended in Mar. 2024 was 11.45%. Total Assets is also linked to Revenue through Asset Turnover. Topchoice Medical's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.


Topchoice Medical Total Assets Historical Data

The historical data trend for Topchoice Medical'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.

* Premium members only.

Topchoice Medical Total Assets Chart

Topchoice Medical Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,689.22 3,530.76 4,954.76 5,154.45 6,005.82

Topchoice Medical 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,568.08 5,571.76 5,804.98 6,005.82 6,091.92

Topchoice Medical 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.

Topchoice Medical'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 )
=4122.526+1883.291
=6,006

Topchoice Medical'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 )
=4332.554+1759.365
=6,092

* 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.


Topchoice Medical  (SHSE:600763) Total Assets Explanation

Total Assets is connected with ROA %.

Topchoice Medical'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 )
=692.86/( (6005.817+6091.919)/ 2 )
=692.86/6048.868
=11.45 %

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.

Topchoice Medical'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 )
=708.442/( (6005.817+6091.919)/ 2 )
=708.442/6048.868
=0.12

* 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.

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.

Topchoice Medical Total Assets Related Terms

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Topchoice Medical (SHSE:600763) Business Description

Traded in Other Exchanges
N/A
Address
Lingxi North Road, Building 5, Hesheng Guomao, No. 21, Zhejiang Province, Hangzhou, CHN, 310013
Topchoice Medical Investment Co Inc is engaged in providing medical services. The company operates as an integrated medical platform and has a number of oral medical, health and reproductive medical institutions.
Executives
Lv Jian Ming Director
Zhao Min Supervisors
Zhang Sen Quan Director
Zhang Jin Cai Director
Zhang Hong Director

Topchoice Medical (SHSE:600763) Headlines

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