Guangdong LingXiao Pump Industry Co (SZSE:002884) Total Assets : ¥2,488 Mil (As of Mar. 2024)

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What is Guangdong LingXiao Pump Industry Co Total Assets?

Guangdong LingXiao Pump Industry Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,488 Mil.

During the past 12 months, Guangdong LingXiao Pump Industry Co's average Total Assets Growth Rate was 2.90% per year. During the past 3 years, the average Total Assets Growth Rate was 5.20% per year. During the past 5 years, the average Total Assets Growth Rate was 12.90% per year. During the past 10 years, the average Total Assets Growth Rate was 4.30% per year.

During the past 12 years, Guangdong LingXiao Pump Industry Co's highest 3-Year average Total Assets Growth Rate was 28.30%. The lowest was -15.60%. And the median was 7.50%.

Total Assets is connected with ROA %. Guangdong LingXiao Pump Industry Co's annualized ROA % for the quarter that ended in Mar. 2024 was 15.52%. Total Assets is also linked to Revenue through Asset Turnover. Guangdong LingXiao Pump Industry Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Guangdong LingXiao Pump Industry Co Total Assets Historical Data

The historical data trend for Guangdong LingXiao Pump Industry 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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Guangdong LingXiao Pump Industry Co Total Assets Chart

Guangdong LingXiao Pump Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,520.55

2,170.11

2,367.48

2,347.33

2,385.55

Guangdong LingXiao Pump Industry 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															2,421.76	2,166.12	2,260.77	2,385.55	2,488.12

Guangdong LingXiao Pump Industry 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.

Guangdong LingXiao Pump Industry 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 )
	=	2237.863	+	147.689
	=	2,386

Guangdong LingXiao Pump Industry 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 )
	=	2331.439	+	156.678
	=	2,488

Guangdong LingXiao Pump Industry Co (SZSE:002884) Total Assets Explanation

Total Assets is connected with ROA %.

Guangdong LingXiao Pump Industry 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 )
	=	378.22	/	( (2385.552	+	2488.117)	/ 2 )
	=	378.22	/	2436.8345
	=	15.52 %

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.

Guangdong LingXiao Pump Industry 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 )
=	324.787	/	( (2385.552	+	2488.117)	/ 2 )
=	324.787	/	2436.8345
=	0.13

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.

Guangdong LingXiao Pump Industry Co Total Assets Related Terms

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Guangdong LingXiao Pump Industry Co (SZSE:002884) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong LingXiao Pump Industry Co Ltd (SZSE:002884) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Spring Road, No. 117, Spring Town, Guangdong Province, Yangchun City, CHN, 529600

Website

http://www.lingxiao.com.cn

Guangdong LingXiao Pump Industry Co Ltd is a manufacturer of small household electric pump and industry support electric pump in China. The product range comprises hydromassage pump, swimming pool pump, SPA pump, stainless centrifugal pump, clean water pump, submersible pump, industry in-line pump, and variable frequency constant pressure water supply equipment. The company also exports its products to over 100 countries or regions worldwide.

Executives

Lu Feng Juan	Executives
Wang Hai Bo	Directors, executives
Qiu Yan Fei	Securities Affairs Representative
Liu Zi Geng	Secretary, Director
Chen Jia Chao	Directors, executives
Li Guang Yong	Directors, executives

Guangdong LingXiao Pump Industry Co (SZSE:002884) Headlines

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