Zhangjiagang Guangda Special Material Co (SHSE:688186) Total Assets : ¥10,837 Mil (As of Mar. 2024)

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What is Zhangjiagang Guangda Special Material Co Total Assets?

Zhangjiagang Guangda Special Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥10,837 Mil.

Warning Sign:

If a company builds assets at 42% a year, faster than its revenue growth rate of 3.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Zhangjiagang Guangda Special Material Co's average Total Assets Growth Rate was 7.60% per year. During the past 3 years, the average Total Assets Growth Rate was 39.70% per year. During the past 5 years, the average Total Assets Growth Rate was 42.00% per year.

During the past 8 years, Zhangjiagang Guangda Special Material Co's highest 3-Year average Total Assets Growth Rate was 57.90%. The lowest was 13.90%. And the median was 39.70%.

Total Assets is connected with ROA %. Zhangjiagang Guangda Special Material Co's annualized ROA % for the quarter that ended in Mar. 2024 was 0.17%. Total Assets is also linked to Revenue through Asset Turnover. Zhangjiagang Guangda Special Material Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

Zhangjiagang Guangda Special Material Co Total Assets Historical Data

The historical data trend for Zhangjiagang Guangda Special Material 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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Zhangjiagang Guangda Special Material Co Total Assets Chart

Zhangjiagang Guangda Special Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,457.81

4,147.34

7,496.47

10,463.56

10,660.08

Zhangjiagang Guangda Special Material 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															10,550.02	10,963.18	10,816.88	10,660.08	10,836.72

Zhangjiagang Guangda Special Material 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.

Zhangjiagang Guangda Special Material 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 )
	=	3887.841	+	6772.236
	=	10,660

Zhangjiagang Guangda Special Material 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 )
	=	3901.804	+	6934.915
	=	10,837

Zhangjiagang Guangda Special Material Co (SHSE:688186) Total Assets Explanation

Total Assets is connected with ROA %.

Zhangjiagang Guangda Special Material 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 )
	=	18.692	/	( (10660.077	+	10836.719)	/ 2 )
	=	18.692	/	10748.398
	=	0.17 %

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.

Zhangjiagang Guangda Special Material 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 )
=	892.155	/	( (10660.077	+	10836.719)	/ 2 )
=	892.155	/	10748.398
=	0.08

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.

Zhangjiagang Guangda Special Material Co Total Assets Related Terms

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Zhangjiagang Guangda Special Material Co (SHSE:688186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhangjiagang Guangda Special Material Co Ltd (SHSE:688186) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Fenghuang Town, Langanqiao Development Zone, Jiangsu Province, Anqing Village, Zhangjiagang, CHN, 215614

Website

http://www.zjggdtc.com

Zhangjiagang Guangda Special Material Co Ltd is engaged in production and sale of special steel materials. The company's products include various types of castings and forgings and machine accessories: such as forged round bar, die and tool steel, wind power spindle, heavy load gear motor shaft, high pressure boiler pipe, roller, oil mechanical driller, tube-shaped forging, die block, ring forging, disk-shaped forging and all kinds of abnormal forgings. Its products are used in various industries such as wind power, chemical engineering, machinery, automobile, vessel, power station, metallurgy, mining and petrochemical.

Executives

Gu Jin Cai	senior management
Zhou Qing Chun	Core technical personnel

Zhangjiagang Guangda Special Material Co (SHSE:688186) Headlines

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