NanJing GOVA Technology Co (SHSE:688539) Total Assets : ¥1,941.8 Mil (As of Mar. 2024)

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What is NanJing GOVA Technology Co Total Assets?

NanJing GOVA Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,941.8 Mil.

During the past 12 months, NanJing GOVA Technology Co's average Total Assets Growth Rate was 39.40% per year. During the past 3 years, the average Total Assets Growth Rate was 29.20% per year. During the past 5 years, the average Total Assets Growth Rate was 43.60% per year.

During the past 7 years, NanJing GOVA Technology Co's highest 3-Year average Total Assets Growth Rate was 81.70%. The lowest was 22.80%. And the median was 51.45%.

Total Assets is connected with ROA %. NanJing GOVA Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 3.87%. Total Assets is also linked to Revenue through Asset Turnover. NanJing GOVA Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

NanJing GOVA Technology Co Total Assets Historical Data

The historical data trend for NanJing GOVA Technology 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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NanJing GOVA Technology Co Total Assets Chart

NanJing GOVA Technology Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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346.57

380.96

653.82

729.06

1,935.60

NanJing GOVA Technology Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												727.56	1,885.35	1,918.07	1,935.60	1,941.77

NanJing GOVA Technology 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.

NanJing GOVA Technology 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 )
	=	1770.058	+	165.538
	=	1,935.6

NanJing GOVA Technology 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 )
	=	1789.054	+	152.72
	=	1,941.8

NanJing GOVA Technology Co (SHSE:688539) Total Assets Explanation

Total Assets is connected with ROA %.

NanJing GOVA Technology 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 )
	=	75.124	/	( (1935.595	+	1941.774)	/ 2 )
	=	75.124	/	1938.6845
	=	3.87 %

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.

NanJing GOVA Technology 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 )
=	75.012	/	( (1935.595	+	1941.774)	/ 2 )
=	75.012	/	1938.6845
=	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.

NanJing GOVA Technology Co Total Assets Related Terms

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NanJing GOVA Technology Co (SHSE:688539) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NanJing GOVA Technology Co Ltd (SHSE:688539) » Definitions » Total Assets

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Address

No. 66, Qixia Avenue, Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 210046

Website

https://www.govagroup.com

NanJing GOVA Technology Co Ltd is a high-tech enterprise that develops, designs, produces and sells high-reliability sensors and sensor network systems. The main products are various pressure, acceleration, temperature and humidity, displacement and other sensors, and integrate the above sensors into a sensor network system through software algorithms.

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