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Tungray Technologies (Tungray Technologies) Total Assets : $26.87 Mil (As of Dec. 2023)


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What is Tungray Technologies Total Assets?

Tungray Technologies's Total Assets for the quarter that ended in Dec. 2023 was $26.87 Mil.

During the past 12 months, Tungray Technologies's average Total Assets Growth Rate was 26.60% per year. During the past 3 years, the average Total Assets Growth Rate was 7.70% per year.

During the past 4 years, Tungray Technologies's highest 3-Year average Total Assets Growth Rate was 7.70%. The lowest was 7.70%. And the median was 7.70%.

Total Assets is connected with ROA %. Tungray Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Tungray Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Tungray Technologies Total Assets Historical Data

The historical data trend for Tungray Technologies'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.

Tungray Technologies Total Assets Chart

Tungray Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
18.96 25.79 25.82 26.87

Tungray Technologies Quarterly Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 25.79 25.32 25.82 26.15 26.87

Tungray Technologies 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.

Tungray Technologies'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 )
=16.22+10.649
=26.87

Tungray Technologies's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=16.22+10.649
=26.87

* 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.

Tungray Technologies  (NAS:TRSG) Total Assets Explanation

Total Assets is connected with ROA %.

Tungray Technologies's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (26.149+26.869)/ 2 )
=0/26.509
=0.00 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Tungray Technologies's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (26.149+26.869)/ 2 )
=0/26.509
=0.00

* 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.

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.

Tungray Technologies Total Assets Related Terms

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Tungray Technologies (Tungray Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tungray Technologies Inc (NAS:TRSG) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
Innovation Place Tower 4, No. 02-01, 31 Mandai Estate, Singapore, SGP, 729933
Website
https://www.tungray.tech
Tungray Technologies Inc is an engineer-to-order company that provides custom industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics and home appliance industries. It primarily generates revenue through the manufacture of custom industrial manufacturing solutions, direct drive and linear DC motors, and induction welding equipment.

Tungray Technologies (Tungray Technologies) Headlines

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