Tsingtao Brewery Co (Tsingtao Brewery Co) Total Assets : $6,898 Mil (As of Dec. 2023)

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What is Tsingtao Brewery Co Total Assets?

Tsingtao Brewery Co's Total Assets for the quarter that ended in Dec. 2023 was $6,898 Mil.

Warning Sign:

If a company builds assets at 9.1% a year, faster than its revenue growth rate of 4.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Tsingtao Brewery Co's average Total Assets Growth Rate was -5.80% per year. During the past 3 years, the average Total Assets Growth Rate was 9.90% per year. During the past 5 years, the average Total Assets Growth Rate was 9.10% per year. During the past 10 years, the average Total Assets Growth Rate was 4.20% per year.

During the past 13 years, Tsingtao Brewery Co's highest 3-Year average Total Assets Growth Rate was 33.80%. The lowest was -1.60%. And the median was 9.90%.

Total Assets is connected with ROA %. Tsingtao Brewery Co's annualized ROA % for the quarter that ended in Dec. 2023 was -5.23%. Total Assets is also linked to Revenue through Asset Turnover. Tsingtao Brewery Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Tsingtao Brewery Co Total Assets Historical Data

The historical data trend for Tsingtao Brewery 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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Tsingtao Brewery Co Total Assets Chart

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5,319.93

6,348.41

7,310.54

7,216.56

6,898.41

Tsingtao Brewery Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															7,216.56	7,275.72	7,307.39	6,817.10	6,898.41

Tsingtao Brewery 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.

Tsingtao Brewery 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 )
	=	3957.137	+	2941.271
	=	6,898

Tsingtao Brewery Co's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	3957.137	+	2941.271
	=	6,898

Tsingtao Brewery Co (OTCPK:TSGTF) Total Assets Explanation

Total Assets is connected with ROA %.

Tsingtao Brewery Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-358.452	/	( (6817.102	+	6898.408)	/ 2 )
	=	-358.452	/	6857.755
	=	-5.23 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Tsingtao Brewery Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	414.341	/	( (6817.102	+	6898.408)	/ 2 )
=	414.341	/	6857.755
=	0.06

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.

Tsingtao Brewery Co Total Assets Related Terms

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Tsingtao Brewery Co (Tsingtao Brewery Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (OTCPK:TSGTF) » Definitions » Total Assets

Traded in Other Exchanges

TSGTY:USA 00168:Hong Kong TSI:Germany 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.