Atlantic China Welding Consumables (SHSE:600558) Total Assets : ¥3,160 Mil (As of Mar. 2024)

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What is Atlantic China Welding Consumables Total Assets?

Atlantic China Welding Consumables's Total Assets for the quarter that ended in Mar. 2024 was ¥3,160 Mil.

During the past 12 months, Atlantic China Welding Consumables's average Total Assets Growth Rate was -2.80% per year. During the past 3 years, the average Total Assets Growth Rate was 0.30% per year. During the past 5 years, the average Total Assets Growth Rate was 1.40% per year. During the past 10 years, the average Total Assets Growth Rate was 3.20% per year.

During the past 13 years, Atlantic China Welding Consumables's highest 3-Year average Total Assets Growth Rate was 32.10%. The lowest was 0.30%. And the median was 9.85%.

Total Assets is connected with ROA %. Atlantic China Welding Consumables's annualized ROA % for the quarter that ended in Mar. 2024 was 3.79%. Total Assets is also linked to Revenue through Asset Turnover. Atlantic China Welding Consumables's Asset Turnover for the quarter that ended in Mar. 2024 was 0.31.

Atlantic China Welding Consumables Total Assets Historical Data

The historical data trend for Atlantic China Welding Consumables'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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Atlantic China Welding Consumables Total Assets Chart

Atlantic China Welding Consumables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,018.10

3,081.52

3,153.02

3,139.01

3,184.57

Atlantic China Welding Consumables 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															3,171.07	3,216.59	3,177.16	3,184.57	3,159.61

Atlantic China Welding Consumables 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.

Atlantic China Welding Consumables'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 )
	=	2449	+	735.573
	=	3,185

Atlantic China Welding Consumables'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 )
	=	2484.512	+	675.099
	=	3,160

Atlantic China Welding Consumables (SHSE:600558) Total Assets Explanation

Total Assets is connected with ROA %.

Atlantic China Welding Consumables'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 )
	=	120.136	/	( (3184.573	+	3159.611)	/ 2 )
	=	120.136	/	3172.092
	=	3.79 %

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.

Atlantic China Welding Consumables'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 )
=	984.605	/	( (3184.573	+	3159.611)	/ 2 )
=	984.605	/	3172.092
=	0.31

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.

Atlantic China Welding Consumables Total Assets Related Terms

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Atlantic China Welding Consumables (SHSE:600558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atlantic China Welding Consumables Inc (SHSE:600558) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

No. 2 Machongkou Street, Da'an District, Zigong, Sichuan, CHN, 643010

Website

http://www.weldatlantic.com

Atlantic China Welding Consumables Inc is a welding consumable manufactory in China. Its products include mild steel electrodes, cellulose electrodes, high toughness electrodes, low alloy steel electrodes, hard facing electrodes, stainless steel electrodes, low-temperature steel electrodes, Mo and Cr-Mo heat resistant steel electrodes, and cast-iron electrodes. The company's products are widely used in power station boilers, pressure vessels, nuclear and space industries, bridges, ships, vehicles, petroleum and chemical industry, hydropower and thermal power stations.

Executives

Yang Fang	Supervisors
Lan Kun	Director

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