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Zhejiang Tiantie Industry Co (SZSE:300587) Total Assets : ¥5,493 Mil (As of Mar. 2024)


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What is Zhejiang Tiantie Industry Co Total Assets?

Zhejiang Tiantie Industry Co's Total Assets for the quarter that ended in Mar. 2024 was ¥5,493 Mil.

Warning Sign:

If a company builds assets at 25.6% a year, faster than its revenue growth rate of 18.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Zhejiang Tiantie Industry Co's average Total Assets Growth Rate was 13.20% per year. During the past 3 years, the average Total Assets Growth Rate was 23.20% per year. During the past 5 years, the average Total Assets Growth Rate was 25.60% per year. During the past 10 years, the average Total Assets Growth Rate was 33.10% per year.

During the past 13 years, Zhejiang Tiantie Industry Co's highest 3-Year average Total Assets Growth Rate was 63.20%. The lowest was 3.40%. And the median was 26.50%.

Total Assets is connected with ROA %. Zhejiang Tiantie Industry Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.40%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang Tiantie Industry Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.


Zhejiang Tiantie Industry Co Total Assets Historical Data

The historical data trend for Zhejiang Tiantie 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.

* Premium members only.

Zhejiang Tiantie Industry Co Total Assets Chart

Zhejiang Tiantie Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,346.18 2,969.05 4,082.00 5,123.79 5,270.94

Zhejiang Tiantie 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,019.27 5,578.16 5,765.83 5,270.94 5,492.55

Zhejiang Tiantie 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.

Zhejiang Tiantie 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 )
=2421.123+2849.814
=5,271

Zhejiang Tiantie 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 )
=2462.279+3030.274
=5,493

* 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.


Zhejiang Tiantie Industry Co  (SZSE:300587) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang Tiantie 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 )
=75.444/( (5270.937+5492.553)/ 2 )
=75.444/5381.745
=1.40 %

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.

Zhejiang Tiantie 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 )
=596.324/( (5270.937+5492.553)/ 2 )
=596.324/5381.745
=0.11

* 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.

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.

Zhejiang Tiantie Industry Co Total Assets Related Terms

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Zhejiang Tiantie Industry Co (SZSE:300587) Business Description

Traded in Other Exchanges
N/A
Address
No.928, Renmin East Road, Tiantai County, Zhejiang Province, Taizhou, CHN, 317200
Zhejiang Tiantie Industry Co Ltd provides engineering rubber products. The company manufactures and sells industrial rubber goods, rubberized fabrics, and other rubber products. It offers track structures, such as rails, sleepers, and ballast; vibration damping products; isolated rubber damping pads; embedded rubber crossing boards and plates; conveyor belts; elastic components; and sealing products and other rubber products.
Executives
Wang Sen Rong Executives
Zheng Shuang Lian Executives
Zheng Jian Feng Executives
Niu Wen Qiang Directors, executives
Di Xiao Yu Supervisors
Xu Ji Ding Director
Lu Ling Xiao Supervisors
Fan Wei Wei Directors, executives
Xu Yin Bin Directors, executives
Xu Kong Bin Directors, executives
Zhu Jian Zhong Executives
Yang Tai Feng Executives
Wang Bo Directors, executives
Fan Wen Rong Securities Affairs Representative

Zhejiang Tiantie Industry Co (SZSE:300587) Headlines

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