Hunan Zhenghong Science And Technology Develop Co (SZSE:000702) Total Assets : ¥681 Mil (As of Mar. 2024)

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What is Hunan Zhenghong Science And Technology Develop Co Total Assets?

Hunan Zhenghong Science And Technology Develop Co's Total Assets for the quarter that ended in Mar. 2024 was ¥681 Mil.

During the past 12 months, Hunan Zhenghong Science And Technology Develop Co's average Total Assets Growth Rate was -21.00% per year. During the past 3 years, the average Total Assets Growth Rate was -19.40% per year. During the past 5 years, the average Total Assets Growth Rate was -2.10% per year. During the past 10 years, the average Total Assets Growth Rate was 0.40% per year.

During the past 13 years, Hunan Zhenghong Science And Technology Develop Co's highest 3-Year average Total Assets Growth Rate was 81.50%. The lowest was -19.40%. And the median was 2.05%.

Total Assets is connected with ROA %. Hunan Zhenghong Science And Technology Develop Co's annualized ROA % for the quarter that ended in Mar. 2024 was -4.90%. Total Assets is also linked to Revenue through Asset Turnover. Hunan Zhenghong Science And Technology Develop Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.21.

Hunan Zhenghong Science And Technology Develop Co Total Assets Historical Data

The historical data trend for Hunan Zhenghong Science And Technology Develop 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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Hunan Zhenghong Science And Technology Develop Co Total Assets Chart

Hunan Zhenghong Science And Technology Develop Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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678.69

965.56

901.10

796.64

718.15

Hunan Zhenghong Science And Technology Develop 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															770.54	767.37	806.61	718.15	680.57

Hunan Zhenghong Science And Technology Develop 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.

Hunan Zhenghong Science And Technology Develop 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 )
	=	330.964	+	387.191
	=	718

Hunan Zhenghong Science And Technology Develop 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 )
	=	323.382	+	357.189
	=	681

Hunan Zhenghong Science And Technology Develop Co (SZSE:000702) Total Assets Explanation

Total Assets is connected with ROA %.

Hunan Zhenghong Science And Technology Develop 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 )
	=	-34.276	/	( (718.154	+	680.57)	/ 2 )
	=	-34.276	/	699.362
	=	-4.90 %

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.

Hunan Zhenghong Science And Technology Develop 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 )
=	148.277	/	( (718.154	+	680.57)	/ 2 )
=	148.277	/	699.362
=	0.21

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.

Hunan Zhenghong Science And Technology Develop Co Total Assets Related Terms

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Hunan Zhenghong Science And Technology Develop Co (SZSE:000702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hunan Zhenghong Science And Technology Develop Co Ltd (SZSE:000702) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Zhenghong Office Building, Quyuan Management District, Hunan Province, Yueyang, CHN, 414418

Website

http://www.chinazhjt.com.cn

Hunan Zhenghong Science And Technology Develop Co Ltd is mainly engaged in research and development, production and sales of feed products. In addition to feed processing, the company is also engaged in the breeding of improved pigs, meat processing, biological veterinary drugs and import and export trade.

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