Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Total Assets : ¥22,961 Mil (As of Mar. 2024)

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What is Changjiang & Jinggong Steel Building (Group) Co Total Assets?

Changjiang & Jinggong Steel Building (Group) Co's Total Assets for the quarter that ended in Mar. 2024 was ¥22,961 Mil.

Warning Sign:

If a company builds assets at 11.8% a year, faster than its revenue growth rate of 8.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Changjiang & Jinggong Steel Building (Group) Co's average Total Assets Growth Rate was 4.70% per year. During the past 3 years, the average Total Assets Growth Rate was 13.80% per year. During the past 5 years, the average Total Assets Growth Rate was 11.80% per year. During the past 10 years, the average Total Assets Growth Rate was 9.00% per year.

During the past 13 years, Changjiang & Jinggong Steel Building (Group) Co's highest 3-Year average Total Assets Growth Rate was 103.20%. The lowest was 5.60%. And the median was 14.40%.

Total Assets is connected with ROA %. Changjiang & Jinggong Steel Building (Group) Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.68%. Total Assets is also linked to Revenue through Asset Turnover. Changjiang & Jinggong Steel Building (Group) Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.

Changjiang & Jinggong Steel Building (Group) Co Total Assets Historical Data

The historical data trend for Changjiang & Jinggong Steel Building (Group) 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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Changjiang & Jinggong Steel Building (Group) Co Total Assets Chart

Changjiang & Jinggong Steel Building (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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13,756.72

15,843.94

18,356.61

22,102.78

23,327.23

Changjiang & Jinggong Steel Building (Group) 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															20,856.47	21,727.30	21,686.42	23,327.23	22,960.89

Changjiang & Jinggong Steel Building (Group) 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.

Changjiang & Jinggong Steel Building (Group) 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 )
	=	8545.048	+	14782.183
	=	23,327

Changjiang & Jinggong Steel Building (Group) 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 )
	=	8632.89	+	14328.001
	=	22,961

Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Total Assets Explanation

Total Assets is connected with ROA %.

Changjiang & Jinggong Steel Building (Group) 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 )
	=	389.952	/	( (23327.231	+	22960.891)	/ 2 )
	=	389.952	/	23144.061
	=	1.68 %

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.

Changjiang & Jinggong Steel Building (Group) 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 )
=	3414.176	/	( (23327.231	+	22960.891)	/ 2 )
=	3414.176	/	23144.061
=	0.15

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.

Changjiang & Jinggong Steel Building (Group) Co Total Assets Related Terms

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Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changjiang & Jinggong Steel Building (Group) Co Ltd (SHSE:600496) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

Chang Jiang Jing Gong Industrial Park, Economic and Technological Development Zone, Anhui, Liu'an, CHN, 237161

Website

http://www.600496.com

Changjiang & Jinggong Steel Building (Group) Co Ltd is a China-based company engaged in the design, production, construction, and engineering services of steel construction and enclosure system. Its main products include light steel structures, space large span steel structures, high-rise steel structures, envelope systems and fasteners, as well as curtain wall systems. The company mainly operates its businesses in the domestic and overseas markets.

Executives

Fang Chao Yang	Director
Zhang Xiao Ying	senior management
Shen Yue Hua	senior management
Qiu Jian Hua	senior management
Chen Shui Fu	senior management
Chen Guo Dong	senior management
Sun Guan Fu	Director
Yan Hong	Director
Qian Wei Jun	Director
Lou Bao Liang	senior management

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