Fujian Acetron New Materials Co (SZSE:300706) Total Assets : ¥1,781 Mil (As of Mar. 2024)

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What is Fujian Acetron New Materials Co Total Assets?

Fujian Acetron New Materials Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,781 Mil.

During the past 12 months, Fujian Acetron New Materials Co's average Total Assets Growth Rate was 14.90% per year. During the past 3 years, the average Total Assets Growth Rate was 17.60% per year. During the past 5 years, the average Total Assets Growth Rate was 23.90% per year. During the past 10 years, the average Total Assets Growth Rate was 33.30% per year.

During the past 11 years, Fujian Acetron New Materials Co's highest 3-Year average Total Assets Growth Rate was 55.10%. The lowest was 17.60%. And the median was 30.35%.

Total Assets is connected with ROA %. Fujian Acetron New Materials Co's annualized ROA % for the quarter that ended in Mar. 2024 was -0.74%. Total Assets is also linked to Revenue through Asset Turnover. Fujian Acetron New Materials Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Fujian Acetron New Materials Co Total Assets Historical Data

The historical data trend for Fujian Acetron New Materials 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 Acetron New Materials Co Total Assets Chart

Fujian Acetron New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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711.03

1,014.60

1,263.54

1,422.06

1,686.36

Fujian Acetron New Materials 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															1,469.74	1,631.95	1,620.93	1,686.36	1,781.29

Fujian Acetron New Materials 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 Acetron New Materials 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 )
	=	779.502	+	906.853
	=	1,686

Fujian Acetron New Materials 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 )
	=	775.235	+	1006.053
	=	1,781

Fujian Acetron New Materials Co (SZSE:300706) Total Assets Explanation

Total Assets is connected with ROA %.

Fujian Acetron New Materials 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 )
	=	-12.82	/	( (1686.355	+	1781.287)	/ 2 )
	=	-12.82	/	1733.821
	=	-0.74 %

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 Acetron New Materials 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 )
=	268.778	/	( (1686.355	+	1781.287)	/ 2 )
=	268.778	/	1733.821
=	0.16

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 Acetron New Materials Co Total Assets Related Terms

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Fujian Acetron New Materials Co (SZSE:300706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fujian Acetron New Materials Co Ltd (SZSE:300706) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Hangcheng Street, No.169, Taipingli, Qinjiang Village, Fujian Province, Changle, CHN, 350200

Website

http://www.acetron.com.cn

Fujian Acetron New Materials Co Ltd is engaged in research and development, production and sale of coating materials. The company mainly produces vacuum evaporation and sputter coating materials for optics, semiconductors, flat-panel displays and surface decoration. Its products are widely used in flat panel display, optical components, energy-saving glass and other fields. The company's products are distributed all over the world and are primarily exported to the developed countries such as Japan, the United States, Germany and Korea.

Executives

Chen Zheng Wei	Director
Chen Qin Zhong	Directors, executives
Chen Ben Song	Directors, executives

Fujian Acetron New Materials Co (SZSE:300706) Headlines

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