Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Total Assets : ¥2,304 Mil (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Chengdu Rainbow Appliance (Group) Shares Co Total Assets?

Chengdu Rainbow Appliance (Group) Shares Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,304 Mil.

During the past 12 months, Chengdu Rainbow Appliance (Group) Shares Co's average Total Assets Growth Rate was -4.40% per year. During the past 3 years, the average Total Assets Growth Rate was 0.30% per year. During the past 5 years, the average Total Assets Growth Rate was 2.60% per year.

During the past 8 years, Chengdu Rainbow Appliance (Group) Shares Co's highest 3-Year average Total Assets Growth Rate was 7.50%. The lowest was 0.30%. And the median was 5.20%.

Total Assets is connected with ROA %. Chengdu Rainbow Appliance (Group) Shares Co's annualized ROA % for the quarter that ended in Mar. 2024 was 6.79%. Total Assets is also linked to Revenue through Asset Turnover. Chengdu Rainbow Appliance (Group) Shares Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Chengdu Rainbow Appliance (Group) Shares Co Total Assets Historical Data

The historical data trend for Chengdu Rainbow Appliance (Group) Shares 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.

Chengdu Rainbow Appliance (Group) Shares Co Total Assets Chart

Chengdu Rainbow Appliance (Group) Shares Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

1,305.50

1,885.31

1,920.59

1,981.45

2,095.35

Chengdu Rainbow Appliance (Group) Shares 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															2,176.18	1,994.03	2,042.99	2,095.35	2,303.54

Chengdu Rainbow Appliance (Group) Shares 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.

Chengdu Rainbow Appliance (Group) Shares 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 )
	=	1508.82	+	586.528
	=	2,095

Chengdu Rainbow Appliance (Group) Shares 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 )
	=	1547.633	+	755.911
	=	2,304

Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Total Assets Explanation

Total Assets is connected with ROA %.

Chengdu Rainbow Appliance (Group) Shares 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 )
	=	149.388	/	( (2095.348	+	2303.544)	/ 2 )
	=	149.388	/	2199.446
	=	6.79 %

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.

Chengdu Rainbow Appliance (Group) Shares 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 )
=	315.359	/	( (2095.348	+	2303.544)	/ 2 )
=	315.359	/	2199.446
=	0.14

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.

Chengdu Rainbow Appliance (Group) Shares Co Total Assets Related Terms

Thank you for viewing the detailed overview of Chengdu Rainbow Appliance (Group) Shares Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chengdu Rainbow Appliance (Group) Shares Co Ltd (SZSE:003023) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 73, Shunjiang Section, Wuhou Avenue, Wuhou District, Sichuan Province, Chengdu, CHN, 610045

Website

http://www.rainbow.com.cn

Chengdu Rainbow Appliance (Group) Shares Co Ltd is engaged in the research and development, production and sales of household flexible heating appliances. The products offered by the company include electric blankets, electric hand warmers, and electric mosquito coil liquid, electric mosquito coils, disc mosquito coils, and insecticidal aerosols.

Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Headlines

No Headlines