Shenzhen SEICHI Technologies Co (SHSE:688627) Total Assets : ¥1,947.8 Mil (As of Mar. 2024)

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What is Shenzhen SEICHI Technologies Co Total Assets?

Shenzhen SEICHI Technologies Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,947.8 Mil.

During the past 12 months, Shenzhen SEICHI Technologies Co's average Total Assets Growth Rate was 18.20% per year. During the past 3 years, the average Total Assets Growth Rate was 35.70% per year. During the past 5 years, the average Total Assets Growth Rate was 157.80% per year.

During the past 7 years, Shenzhen SEICHI Technologies Co's highest 3-Year average Total Assets Growth Rate was 513.60%. The lowest was 35.70%. And the median was 228.35%.

Total Assets is connected with ROA %. Shenzhen SEICHI Technologies Co's annualized ROA % for the quarter that ended in Mar. 2024 was -2.93%. Total Assets is also linked to Revenue through Asset Turnover. Shenzhen SEICHI Technologies Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

Shenzhen SEICHI Technologies Co Total Assets Historical Data

The historical data trend for Shenzhen SEICHI 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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Shenzhen SEICHI Technologies Co Total Assets Chart

Shenzhen SEICHI Technologies Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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180.16

713.99

801.98

962.69

1,996.49

Shenzhen SEICHI Technologies Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial										942.67	1,001.36	1,976.14	1,996.49	1,947.77

Shenzhen SEICHI 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.

Shenzhen SEICHI 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 )
	=	1720.989	+	275.498
	=	1,996.5

Shenzhen SEICHI Technologies 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 )
	=	1706.489	+	241.276
	=	1,947.8

Shenzhen SEICHI Technologies Co (SHSE:688627) Total Assets Explanation

Total Assets is connected with ROA %.

Shenzhen SEICHI Technologies 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 )
	=	-57.772	/	( (1996.488	+	1947.765)	/ 2 )
	=	-57.772	/	1972.1265
	=	-2.93 %

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.

Shenzhen SEICHI Technologies 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 )
=	83.047	/	( (1996.488	+	1947.765)	/ 2 )
=	83.047	/	1972.1265
=	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.

Shenzhen SEICHI Technologies Co Total Assets Related Terms

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Shenzhen SEICHI Technologies Co (SHSE:688627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen SEICHI Technologies Co Ltd (SHSE:688627) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

Longhua Street, East of 1st Floor, Building D, 101 Industrial Park, No. 1 Fuanna Company, Qinghu Village, Longhua, Qinghu, Guangdong, Shenzhen, CHN, 518110

Website

http://www.seichitech.com

Shenzhen SEICHI Technologies Co Ltd is a provider of testing equipment and system solution. It is mainly engaged in research, development, production and sales of new display device testing equipment. Detection and calibration repair, and gradually extended to the field of semiconductor storage device testing equipment, related products are used in wafer testing, packaging testing and aging repair of semiconductor storage devices represented by DRAM.

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