Fujian Forecam Optics Co (SHSE:688010) Total Assets : ¥2,562.2 Mil (As of Mar. 2024)

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What is Fujian Forecam Optics Co Total Assets?

Fujian Forecam Optics Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,562.2 Mil.

During the past 12 months, Fujian Forecam Optics Co's average Total Assets Growth Rate was -5.50% per year. During the past 3 years, the average Total Assets Growth Rate was 9.80% per year. During the past 5 years, the average Total Assets Growth Rate was 17.20% per year.

During the past 8 years, Fujian Forecam Optics Co's highest 3-Year average Total Assets Growth Rate was 47.70%. The lowest was 7.20%. And the median was 31.60%.

Total Assets is connected with ROA %. Fujian Forecam Optics Co's annualized ROA % for the quarter that ended in Mar. 2024 was -3.10%. Total Assets is also linked to Revenue through Asset Turnover. Fujian Forecam Optics Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

Fujian Forecam Optics Co Total Assets Historical Data

The historical data trend for Fujian Forecam Optics 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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Fujian Forecam Optics Co Total Assets Chart

Fujian Forecam Optics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,030.84

2,364.07

2,690.14

2,809.77

2,608.24

Fujian Forecam Optics Co 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															2,760.50	2,558.36	2,554.67	2,608.24	2,562.15

Fujian Forecam Optics 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.

Fujian Forecam Optics 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 )
	=	1718.025	+	890.21
	=	2,608.2

Fujian Forecam Optics 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 )
	=	1698.757	+	863.394
	=	2,562.2

Fujian Forecam Optics Co (SHSE:688010) Total Assets Explanation

Total Assets is connected with ROA %.

Fujian Forecam Optics 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 )
	=	-80.24	/	( (2608.235	+	2562.151)	/ 2 )
	=	-80.24	/	2585.193
	=	-3.10 %

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.

Fujian Forecam Optics 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 )
=	98.726	/	( (2608.235	+	2562.151)	/ 2 )
=	98.726	/	2585.193
=	0.04

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.

Fujian Forecam Optics Co Total Assets Related Terms

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Fujian Forecam Optics Co (SHSE:688010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fujian Forecam Optics Co Ltd (SHSE:688010) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No.158 Jiangbin East Avenue, Mawei District, Fujian, Fuzhou, CHN, 350015

Website

http://www.forecam.com

Fujian Forecam Optics Co Ltd is engaged in the research and development, production, processing and sales of lenses. It offers special optical lens and photoelectric system, civil optical lens, optical components and other products.

Executives

Tang Xiu E	Director
He Wu Qiang	senior management
Huang Jian	senior management
He Wen Qiu	Director
Jiang Wei	senior management
Xie Zhong Heng	senior management
Huang Deng Hui	senior management
Hou Yan Ping	Director
Xiao Wei Jun	senior management
Ni Zheng Xiong	Director

Fujian Forecam Optics Co (SHSE:688010) Headlines

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