Ningbo PIA Automation Holding (SHSE:688306) Total Assets : ¥5,033 Mil (As of Mar. 2024)

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What is Ningbo PIA Automation Holding Total Assets?

Ningbo PIA Automation Holding's Total Assets for the quarter that ended in Mar. 2024 was ¥5,033 Mil.

During the past 12 months, Ningbo PIA Automation Holding's average Total Assets Growth Rate was 4.40% per year. During the past 3 years, the average Total Assets Growth Rate was 7.40% per year. During the past 5 years, the average Total Assets Growth Rate was 5.10% per year.

During the past 7 years, Ningbo PIA Automation Holding's highest 3-Year average Total Assets Growth Rate was 7.80%. The lowest was -2.60%. And the median was 7.15%.

Total Assets is connected with ROA %. Ningbo PIA Automation Holding's annualized ROA % for the quarter that ended in Mar. 2024 was -3.01%. Total Assets is also linked to Revenue through Asset Turnover. Ningbo PIA Automation Holding's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Ningbo PIA Automation Holding Total Assets Historical Data

The historical data trend for Ningbo PIA Automation Holding'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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Ningbo PIA Automation Holding Total Assets Chart

Ningbo PIA Automation Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,665.80

3,701.35

3,405.17

4,807.72

5,155.73

Ningbo PIA Automation Holding Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial														4,989.57	5,049.76	5,065.41	5,155.73	5,033.15

Ningbo PIA Automation Holding 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.

Ningbo PIA Automation Holding'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 )
	=	1824.959	+	3330.769
	=	5,156

Ningbo PIA Automation Holding'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 )
	=	1738.849	+	3294.298
	=	5,033

Ningbo PIA Automation Holding (SHSE:688306) Total Assets Explanation

Total Assets is connected with ROA %.

Ningbo PIA Automation Holding'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 )
	=	-153.108	/	( (5155.728	+	5033.147)	/ 2 )
	=	-153.108	/	5094.4375
	=	-3.01 %

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.

Ningbo PIA Automation Holding'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 )
=	478.728	/	( (5155.728	+	5033.147)	/ 2 )
=	478.728	/	5094.4375
=	0.09

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.

Ningbo PIA Automation Holding Total Assets Related Terms

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Ningbo PIA Automation Holding (SHSE:688306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo PIA Automation Holding Corp (SHSE:688306) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 99, Qingyi Road, Building 4, High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.piagroup.com.cn

Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.

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