HOB Biotech Group (SHSE:688656) Total Assets : ¥1,002.8 Mil (As of Sep. 2024)

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What is HOB Biotech Group Total Assets?

HOB Biotech Group's Total Assets for the quarter that ended in Sep. 2024 was ¥1,002.8 Mil.

Warning Sign:

If a company builds assets at 41.6% a year, faster than its revenue growth rate of 4.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, HOB Biotech Group's average Total Assets Growth Rate was 21.30% per year. During the past 3 years, the average Total Assets Growth Rate was 47.30% per year. During the past 5 years, the average Total Assets Growth Rate was 41.60% per year.

During the past 8 years, HOB Biotech Group's highest 3-Year average Total Assets Growth Rate was 50.50%. The lowest was 19.90%. And the median was 37.10%.

Total Assets is connected with ROA %. HOB Biotech Group's annualized ROA % for the quarter that ended in Sep. 2024 was 2.65%. Total Assets is also linked to Revenue through Asset Turnover. HOB Biotech Group's Asset Turnover for the quarter that ended in Sep. 2024 was 0.10.

HOB Biotech Group Total Assets Historical Data

The historical data trend for HOB Biotech Group'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.

HOB Biotech Group Total Assets Chart

HOB Biotech Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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283.18

304.74

863.92

944.49

949.26

HOB Biotech Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															953.83	949.26	977.99	987.28	1,002.83

HOB Biotech Group 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.

HOB Biotech Group'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 )
	=	810.733	+	138.524
	=	949.3

HOB Biotech Group's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	806.03	+	196.804
	=	1,002.8

HOB Biotech Group (SHSE:688656) Total Assets Explanation

Total Assets is connected with ROA %.

HOB Biotech Group's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	26.328	/	( (987.277	+	1002.834)	/ 2 )
	=	26.328	/	995.0555
	=	2.65 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

HOB Biotech Group's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	104.223	/	( (987.277	+	1002.834)	/ 2 )
=	104.223	/	995.0555
=	0.10

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.

HOB Biotech Group Total Assets Related Terms

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HOB Biotech Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » HOB Biotech Group Corp Ltd (SHSE:688656) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 218 Xinghu Road, Suzhou Industrial Park, C10 Building, Jiangsu, Suzhou, CHN, 215123

Website

http://www.hob-biotech.com

HOB Biotech Group Corp Ltd is an in vitro diagnostic company. The firm is specialized in providing diagnostic tools to laboratories and hospitals for the improvement of allergy and autoimmune disease patient care.

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