Industrial And Commercial Bank Of China (SHSE:601398) Total Assets : ¥44,697,079 Mil (As of Dec. 2023)

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What is Industrial And Commercial Bank Of China Total Assets?

Industrial And Commercial Bank Of China's Total Assets for the quarter that ended in Dec. 2023 was ¥44,697,079 Mil.

During the past 12 months, Industrial And Commercial Bank Of China's average Total Assets Growth Rate was 13.00% per year. During the past 3 years, the average Total Assets Growth Rate was 11.50% per year. During the past 5 years, the average Total Assets Growth Rate was 11.10% per year. During the past 10 years, the average Total Assets Growth Rate was 8.70% per year.

During the past 13 years, Industrial And Commercial Bank Of China's highest 3-Year average Total Assets Growth Rate was 23.60%. The lowest was 2.70%. And the median was 11.00%.

Total Assets is connected with ROA %. Industrial And Commercial Bank Of China's annualized ROA % for the quarter that ended in Dec. 2023 was 0.86%. Total Assets is also linked to Revenue through Asset Turnover. Industrial And Commercial Bank Of China's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Industrial And Commercial Bank Of China Total Assets Historical Data

The historical data trend for Industrial And Commercial Bank Of China'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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Industrial And Commercial Bank Of China Total Assets Chart

Industrial And Commercial Bank Of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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30,109,436.00

33,345,058.00

35,171,383.00

39,610,146.00

44,697,079.00

Industrial And Commercial Bank Of China 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															39,610,146.00	42,033,895.00	43,669,606.00	44,482,823.00	44,697,079.00

Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China'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 )
	=	3776588	+	40920491
	=	44,697,079

Industrial And Commercial Bank Of China'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 )
	=	3776588	+	40920491
	=	44,697,079

Industrial And Commercial Bank Of China (SHSE:601398) Total Assets Explanation

Total Assets is connected with ROA %.

Industrial And Commercial Bank Of China'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 )
	=	381280	/	( (44482823	+	44697079)	/ 2 )
	=	381280	/	44589951
	=	0.86 %

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.

Industrial And Commercial Bank Of China'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 )
=	190316	/	( (44482823	+	44697079)	/ 2 )
=	190316	/	44589951
=	0.00

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.

Industrial And Commercial Bank Of China Total Assets Related Terms

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Industrial And Commercial Bank Of China (SHSE:601398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (SHSE:601398) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

IDCBY:USA IDCBF:USA 01398:Hong Kong ICK:Germany ICK:Germany

Address

3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG

Website

http://www.icbc-ltd.com

ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.

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