Kingold Jewelry (Kingold Jewelry) Total Assets : $3,320 Mil (As of Sep. 2019)

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What is Kingold Jewelry Total Assets?

Kingold Jewelry's Total Assets for the quarter that ended in Sep. 2019 was $3,320 Mil.

Total Assets is connected with ROA %. Kingold Jewelry's annualized ROA % for the quarter that ended in Sep. 2019 was -2.98%. Total Assets is also linked to Revenue through Asset Turnover. Kingold Jewelry's Asset Turnover for the quarter that ended in Sep. 2019 was 0.12.

Kingold Jewelry Total Assets Historical Data

The historical data trend for Kingold Jewelry'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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Kingold Jewelry Total Assets Chart

Kingold Jewelry Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Total Assets

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311.75

469.62

2,262.40

3,042.35

2,699.81

Kingold Jewelry Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Total Assets	Get a 7-Day Free Trial															2,453.57	2,699.81	2,872.80	3,121.06	3,319.66

Kingold Jewelry 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.

Kingold Jewelry's Total Assets for the fiscal year that ended in Dec. 2018 is calculated as

Total Assets	=	Total Equity (A: Dec. 2018 )	+	Total Liabilities (A: Dec. 2018 )
	=	638.335	+	2061.479
	=	2,700

Kingold Jewelry's Total Assets for the quarter that ended in Sep. 2019 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2019 )	+	Total Liabilities (Q: Sep. 2019 )
	=	952.964	+	2366.698
	=	3,320

Kingold Jewelry (GREY:KGJI) Total Assets Explanation

Total Assets is connected with ROA %.

Kingold Jewelry's annualized ROA % for the quarter that ended in Sep. 2019 is

ROA %	=	Net Income (Q: Sep. 2019 )	/	( (Total Assets (Q: Jun. 2019 )	+	Total Assets (Q: Sep. 2019 ))	/ count )
	=	-96.016	/	( (3121.06	+	3319.662)	/ 2 )
	=	-96.016	/	3220.361
	=	-2.98 %

Note: The Net Income data used here is four times the quarterly (Sep. 2019) 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.

Kingold Jewelry's Asset Turnover for the quarter that ended in Sep. 2019 is

	Asset Turnover
=	Revenue (Q: Sep. 2019 )	/	( (Total Assets (Q: Jun. 2019 )	+	Total Assets (Q: Sep. 2019 ))	/ count )
=	382.79	/	( (3121.06	+	3319.662)	/ 2 )
=	382.79	/	3220.361
=	0.12

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.

Kingold Jewelry Total Assets Related Terms

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Kingold Jewelry (Kingold Jewelry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kingold Jewelry Inc (GREY:KGJI) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

No. 8 Han Huang Road, Jiang'an District, Hubei Province, 15 Huangpu Science & Technology Park, Wuhan, CHN, 430023

Website

http://www.kingoldjewelry.com

Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The company along with its subsidiaries develops markets and sells products including gold necklaces, rings, earrings, bracelets, and pendants to the jewelry market in China. The company also sells gold bars and coins and other products through various banks in China. It derives most of its revenues from the sales of 24-karat jewelry and Chinese ornaments and from design and processing fees.

Executives