China Gerui Advanced Materials Group (FRA:G60A) Total Assets : €387.22 Mil (As of Sep. 2014)

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What is China Gerui Advanced Materials Group Total Assets?

China Gerui Advanced Materials Group's Total Assets for the quarter that ended in Sep. 2014 was €387.22 Mil.

During the past 12 months, China Gerui Advanced Materials Group's average Total Assets Growth Rate was -14.70% per year. During the past 3 years, the average Total Assets Growth Rate was 20.40% per year. During the past 5 years, the average Total Assets Growth Rate was 44.20% per year.

During the past 8 years, China Gerui Advanced Materials Group's highest 3-Year average Total Assets Growth Rate was 803.50%. The lowest was 20.40%. And the median was 69.50%.

Total Assets is connected with ROA %. China Gerui Advanced Materials Group's annualized ROA % for the quarter that ended in Sep. 2014 was -25.68%. Total Assets is also linked to Revenue through Asset Turnover. China Gerui Advanced Materials Group's Asset Turnover for the quarter that ended in Sep. 2014 was 0.01.

China Gerui Advanced Materials Group Total Assets Historical Data

The historical data trend for China Gerui Advanced Materials 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.

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China Gerui Advanced Materials Group Total Assets Chart

China Gerui Advanced Materials Group Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Assets

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126.46

248.73

456.82

513.11

457.39

China Gerui Advanced Materials Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Total Assets	Get a 7-Day Free Trial															-	457.39	415.74	411.42	387.22

China Gerui Advanced Materials 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.

China Gerui Advanced Materials Group's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (A: Dec. 2013 )	+	Total Liabilities (A: Dec. 2013 )
	=	218.364	+	239.024
	=	457.39

China Gerui Advanced Materials Group's Total Assets for the quarter that ended in Sep. 2014 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2014 )	+	Total Liabilities (Q: Sep. 2014 )
	=	198.745	+	188.477
	=	387.22

China Gerui Advanced Materials Group (FRA:G60A) Total Assets Explanation

Total Assets is connected with ROA %.

China Gerui Advanced Materials Group's annualized ROA % for the quarter that ended in Sep. 2014 is

ROA %	=	Net Income (Q: Sep. 2014 )	/	( (Total Assets (Q: Jun. 2014 )	+	Total Assets (Q: Sep. 2014 ))	/ count )
	=	-102.552	/	( (411.416	+	387.222)	/ 2 )
	=	-102.552	/	399.319
	=	-25.68 %

Note: The Net Income data used here is four times the quarterly (Sep. 2014) 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.

China Gerui Advanced Materials Group's Asset Turnover for the quarter that ended in Sep. 2014 is

	Asset Turnover
=	Revenue (Q: Sep. 2014 )	/	( (Total Assets (Q: Jun. 2014 )	+	Total Assets (Q: Sep. 2014 ))	/ count )
=	2.403	/	( (411.416	+	387.222)	/ 2 )
=	2.403	/	399.319
=	0.01

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.

China Gerui Advanced Materials Group Total Assets Related Terms

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China Gerui Advanced Materials Group (FRA:G60A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Gerui Advanced Materials Group Ltd (FRA:G60A) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

1 Shuanghu Development Zone, Zhengzhou, Xinzheng City, Henan, CHN, 451191

Website

http://www.geruigroup.com

China Gerui Advanced Materials Group Ltd is a China-based steel processor company. It manufactures high precision cold-rolled narrow strip steel products and converts steel manufactured into thin steel sheets and strips. It mainly produces ultra-thin, high-strength cold-rolled steel products and chromium plates. The company sells its products to domestic Chinese customers who primarily operate in the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables industries.

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