Gifore Agricultural Science & Technology Service Co (SZSE:300022) Total Assets : ¥2,230 Mil (As of Mar. 2024)

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What is Gifore Agricultural Science & Technology Service Co Total Assets?

Gifore Agricultural Science & Technology Service Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,230 Mil.

During the past 12 months, Gifore Agricultural Science & Technology Service Co's average Total Assets Growth Rate was 16.80% per year. During the past 3 years, the average Total Assets Growth Rate was 2.30% per year. During the past 5 years, the average Total Assets Growth Rate was -0.90% per year. During the past 10 years, the average Total Assets Growth Rate was -6.90% per year.

During the past 13 years, Gifore Agricultural Science & Technology Service Co's highest 3-Year average Total Assets Growth Rate was 170.30%. The lowest was -17.80%. And the median was -3.80%.

Total Assets is connected with ROA %. Gifore Agricultural Science & Technology Service Co's annualized ROA % for the quarter that ended in Mar. 2024 was 0.51%. Total Assets is also linked to Revenue through Asset Turnover. Gifore Agricultural Science & Technology Service Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.31.

Gifore Agricultural Science & Technology Service Co Total Assets Historical Data

The historical data trend for Gifore Agricultural Science & Technology Service 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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Gifore Agricultural Science & Technology Service Co Total Assets Chart

Gifore Agricultural Science & Technology Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,755.25

1,659.81

1,591.48

1,625.81

1,839.61

Gifore Agricultural Science & Technology Service 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															2,011.73	2,068.83	1,957.57	1,839.61	2,229.94

Gifore Agricultural Science & Technology Service 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.

Gifore Agricultural Science & Technology Service 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 )
	=	891.679	+	947.929
	=	1,840

Gifore Agricultural Science & Technology Service 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 )
	=	907.098	+	1322.845
	=	2,230

Gifore Agricultural Science & Technology Service Co (SZSE:300022) Total Assets Explanation

Total Assets is connected with ROA %.

Gifore Agricultural Science & Technology Service 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 )
	=	10.472	/	( (1839.608	+	2229.943)	/ 2 )
	=	10.472	/	2034.7755
	=	0.51 %

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.

Gifore Agricultural Science & Technology Service 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 )
=	636.94	/	( (1839.608	+	2229.943)	/ 2 )
=	636.94	/	2034.7755
=	0.31

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.

Gifore Agricultural Science & Technology Service Co Total Assets Related Terms

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Gifore Agricultural Science & Technology Service Co (SZSE:300022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Gifore Agricultural Science & Technology Service Co (SZSE:300022) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No.219, Gangtong North 2nd Road, Chengdu Modern Industrial Port, Sichuan, Chengdu, CHN, 611743

Website

http://www.gifore.com

Gifore Agricultural Machinery Chain Co Ltd operates in the agricultural machinery circulation industry. The business of the company includes sales and service of equipment, agricultural light trucks, and rural general mechanical and electrical.

Executives

Wang Hong Yan	Director
Wang Xin Ming	Directors, executives
He Zhi Wen	Director
Li Yu Ying	Supervisors
Ceng Chen Dong	Directors, executives
Zhao Ze Liang	Directors, executives
Zheng Ge	Directors, executives
Chen De	Supervisors
Ren Dan Hua	Director
Diao Hai Lei	Executives
Huang Xiao Li	Supervisors
Lai Han	Director
Zhang Li Shang	Director

Gifore Agricultural Science & Technology Service Co (SZSE:300022) Headlines

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