Hainan RuiZe New Building Material Co (SZSE:002596) Total Assets : ¥3,811 Mil (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Hainan RuiZe New Building Material Co Total Assets?

Hainan RuiZe New Building Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,811 Mil.

During the past 12 months, Hainan RuiZe New Building Material Co's average Total Assets Growth Rate was -16.40% per year. During the past 3 years, the average Total Assets Growth Rate was -14.00% per year. During the past 5 years, the average Total Assets Growth Rate was -9.20% per year. During the past 10 years, the average Total Assets Growth Rate was 10.20% per year.

During the past 13 years, Hainan RuiZe New Building Material Co's highest 3-Year average Total Assets Growth Rate was 48.70%. The lowest was -14.00%. And the median was 30.90%.

Total Assets is connected with ROA %. Hainan RuiZe New Building Material Co's annualized ROA % for the quarter that ended in Mar. 2024 was -1.70%. Total Assets is also linked to Revenue through Asset Turnover. Hainan RuiZe New Building Material Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Hainan RuiZe New Building Material Co Total Assets Historical Data

The historical data trend for Hainan RuiZe New Building 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.

* Premium members only.

Hainan RuiZe New Building Material Co Total Assets Chart

Hainan RuiZe New Building Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

6,160.99

6,559.66

5,565.11

4,555.10

3,944.65

Hainan RuiZe New Building 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															4,535.56	4,324.35	4,287.62	3,944.65	3,811.35

Hainan RuiZe New Building 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.

Hainan RuiZe New Building 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 )
	=	968.678	+	2975.974
	=	3,945

Hainan RuiZe New Building 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 )
	=	953.315	+	2858.039
	=	3,811

Hainan RuiZe New Building Material Co (SZSE:002596) Total Assets Explanation

Total Assets is connected with ROA %.

Hainan RuiZe New Building 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 )
	=	-66.044	/	( (3944.652	+	3811.353)	/ 2 )
	=	-66.044	/	3878.0025
	=	-1.70 %

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.

Hainan RuiZe New Building 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 )
=	351.661	/	( (3944.652	+	3811.353)	/ 2 )
=	351.661	/	3878.0025
=	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.

Hainan RuiZe New Building Material Co Total Assets Related Terms

Thank you for viewing the detailed overview of Hainan RuiZe New Building Material Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Hainan RuiZe New Building Material Co (SZSE:002596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hainan RuiZe New Building Material Co Ltd (SZSE:002596) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No.488 Yingbin Road, Sanya, CHN, 572011

Website

http://www.hnruize.com

Hainan RuiZe New Building Material Co Ltd is engaged in the manufacturing and sale of concrete, wall materials, and cement. In addition, it is also involved in the landscaping business. The company's products are mainly used in large-scale construction projects, including national, provincial and municipal large-scale urban base facilities, traffic engineering and large-scale residential projects. Geographically the group operates through China.

Executives

Zhang Hai Lin	Director
Yu Qing Chi	Directors, Directors, and Executives
Bai Jing	Independent director
Zhang Yi Lin	Directors, executives
Yi Cheng Zhen	Executives
Chen Hong Zhe	Executives
Yang Zhuang Xu	Supervisors
Gao Xu	Supervisors
Wang Pei Ming	Director

Hainan RuiZe New Building Material Co (SZSE:002596) Headlines

No Headlines