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Joeone Co (SHSE:601566) Total Assets : ¥5,714 Mil (As of Mar. 2024)


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What is Joeone Co Total Assets?

Joeone Co's Total Assets for the quarter that ended in Mar. 2024 was ¥5,714 Mil.

During the past 12 months, Joeone Co's average Total Assets Growth Rate was -6.30% per year. During the past 3 years, the average Total Assets Growth Rate was -4.50% per year. During the past 5 years, the average Total Assets Growth Rate was -1.20% per year. During the past 10 years, the average Total Assets Growth Rate was 0.60% per year.

During the past 13 years, Joeone Co's highest 3-Year average Total Assets Growth Rate was 38.10%. The lowest was -7.70%. And the median was 11.40%.

Total Assets is connected with ROA %. Joeone Co's annualized ROA % for the quarter that ended in Mar. 2024 was 7.53%. Total Assets is also linked to Revenue through Asset Turnover. Joeone Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.


Joeone Co Total Assets Historical Data

The historical data trend for Joeone 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.

* Premium members only.

Joeone Co Total Assets Chart

Joeone Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,821.20 5,942.40 6,158.88 5,672.67 5,786.05

Joeone 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,732.80 5,616.39 5,679.15 5,786.05 5,713.63

Joeone 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.

Joeone 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 )
=3884.546+1901.5
=5,786

Joeone 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 )
=3996.422+1717.205
=5,714

* 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.


Joeone Co  (SHSE:601566) Total Assets Explanation

Total Assets is connected with ROA %.

Joeone 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 )
=432.724/( (5786.046+5713.627)/ 2 )
=432.724/5749.8365
=7.53 %

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.

Joeone 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 )
=939.844/( (5786.046+5713.627)/ 2 )
=939.844/5749.8365
=0.16

* 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.

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.

Joeone Co Total Assets Related Terms

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Joeone Co (SHSE:601566) Business Description

Traded in Other Exchanges
N/A
Address
JOEONE Industrial Park, Fujian Quanzhou, Economic & Technological Development Zone, Quanzhou City, CHN, 362005
Joeone Co Ltd is a China-based company engaged in the research and development, design, production and distribution of men's garments. It offers trousers, jackets, suits and other apparel products under the JOEONE brand name.
Executives
Chen Jia Pin Director
Chen Zhi Gao senior management
Wu Hui Rong Director
Xu Fang Director
Zhang Jing Chun Director
Lin Rong Zong Director
Ceng Yong senior management
Zhu Jian Shi senior management

Joeone Co (SHSE:601566) Headlines

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