China Resources Double-Crane Pharmaceutical Co (SHSE:600062) Total Assets : ¥15,679 Mil (As of Mar. 2024)

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What is China Resources Double-Crane Pharmaceutical Co Total Assets?

China Resources Double-Crane Pharmaceutical Co's Total Assets for the quarter that ended in Mar. 2024 was ¥15,679 Mil.

Warning Sign:

If a company builds assets at 8.8% a year, faster than its revenue growth rate of 3.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, China Resources Double-Crane Pharmaceutical Co's average Total Assets Growth Rate was 1.10% per year. During the past 3 years, the average Total Assets Growth Rate was 9.00% per year. During the past 5 years, the average Total Assets Growth Rate was 8.80% per year. During the past 10 years, the average Total Assets Growth Rate was 8.50% per year.

During the past 13 years, China Resources Double-Crane Pharmaceutical Co's highest 3-Year average Total Assets Growth Rate was 81.40%. The lowest was -9.90%. And the median was 10.00%.

Total Assets is connected with ROA %. China Resources Double-Crane Pharmaceutical Co's annualized ROA % for the quarter that ended in Mar. 2024 was 10.70%. Total Assets is also linked to Revenue through Asset Turnover. China Resources Double-Crane Pharmaceutical Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.18.

China Resources Double-Crane Pharmaceutical Co Total Assets Historical Data

The historical data trend for China Resources Double-Crane Pharmaceutical 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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China Resources Double-Crane Pharmaceutical Co Total Assets Chart

China Resources Double-Crane Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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11,276.87

12,516.46

13,676.05

15,165.33

15,430.96

China Resources Double-Crane Pharmaceutical 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															14,754.93	15,126.71	15,047.46	15,430.96	15,679.09

China Resources Double-Crane Pharmaceutical 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.

China Resources Double-Crane Pharmaceutical 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 )
	=	11789.773	+	3641.187
	=	15,431

China Resources Double-Crane Pharmaceutical 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 )
	=	12203.951	+	3475.143
	=	15,679

China Resources Double-Crane Pharmaceutical Co (SHSE:600062) Total Assets Explanation

Total Assets is connected with ROA %.

China Resources Double-Crane Pharmaceutical 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 )
	=	1664.432	/	( (15430.96	+	15679.094)	/ 2 )
	=	1664.432	/	15555.027
	=	10.70 %

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.

China Resources Double-Crane Pharmaceutical 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 )
=	2835.466	/	( (15430.96	+	15679.094)	/ 2 )
=	2835.466	/	15555.027
=	0.18

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 Resources Double-Crane Pharmaceutical Co Total Assets Related Terms

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China Resources Double-Crane Pharmaceutical Co (SHSE:600062) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » China Resources Double-Crane Pharmaceutical Co Ltd (SHSE:600062) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 1, East Second Road, Lijing, Wangjing, Chaoyang District, Beijing, CHN, 100102

Website

http://www.dcpc.com

China Resources Double-Crane Pharmaceutical Co Ltd is a China-based pharmaceutical company. It is engaged in developing, manufacturing and marketing a variety of medical products. The company's products cover different fields such as infusion field, cardiovascular and cerebrovascular fields, pediatrics, endocrine field and other areas.

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