Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Total Assets : ¥20,159 Mil (As of Sep. 2023)

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What is Jiangsu King's Luck Brewery Joint-Stock Co Total Assets?

Jiangsu King's Luck Brewery Joint-Stock Co's Total Assets for the quarter that ended in Sep. 2023 was ¥20,159 Mil.

During the past 12 months, Jiangsu King's Luck Brewery Joint-Stock Co's average Total Assets Growth Rate was 35.00% per year. During the past 3 years, the average Total Assets Growth Rate was 21.60% per year. During the past 5 years, the average Total Assets Growth Rate was 12.70% per year. During the past 10 years, the average Total Assets Growth Rate was 15.80% per year.

During the past 12 years, Jiangsu King's Luck Brewery Joint-Stock Co's highest 3-Year average Total Assets Growth Rate was 32.80%. The lowest was 2.10%. And the median was 21.30%.

Total Assets is connected with ROA %. Jiangsu King's Luck Brewery Joint-Stock Co's annualized ROA % for the quarter that ended in Sep. 2023 was 12.02%. Total Assets is also linked to Revenue through Asset Turnover. Jiangsu King's Luck Brewery Joint-Stock Co's Asset Turnover for the quarter that ended in Sep. 2023 was 0.12.

Jiangsu King's Luck Brewery Joint-Stock Co Total Assets Historical Data

The historical data trend for Jiangsu King's Luck Brewery Joint-Stock 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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Jiangsu King's Luck Brewery Joint-Stock Co Total Assets Chart

Jiangsu King's Luck Brewery Joint-Stock Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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8,680.44

10,062.29

11,852.81

14,433.70

18,183.71

Jiangsu King's Luck Brewery Joint-Stock Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															16,350.29	18,183.71	18,982.01	18,828.55	20,159.02

Jiangsu King's Luck Brewery Joint-Stock 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.

Jiangsu King's Luck Brewery Joint-Stock Co's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	11064.733	+	7118.978
	=	18,184

Jiangsu King's Luck Brewery Joint-Stock Co's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	12796.659	+	7362.361
	=	20,159

Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Total Assets Explanation

Total Assets is connected with ROA %.

Jiangsu King's Luck Brewery Joint-Stock Co's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	2342.676	/	( (18828.551	+	20159.02)	/ 2 )
	=	2342.676	/	19493.7855
	=	12.02 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Jiangsu King's Luck Brewery Joint-Stock Co's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	2394.786	/	( (18828.551	+	20159.02)	/ 2 )
=	2394.786	/	19493.7855
=	0.12

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.

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Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu King's Luck Brewery Joint-Stock Co Ltd (SHSE:603369) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Zhen present margin Avenue, Lianshui high, Jiangsu Province, Huaian, CHN

Website

http://www.jinshiyuan.com.cn

Jiangsu King's Luck Brewery Joint-Stock Co Ltd is a China-based company engages in the manufacturing and distribution of liquor. It is engaged in the manufacture and sale of Distilled spirit wine. It also offers pre-packaged food. The company conducts its businesses mainly within Jiangsu province.

Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Headlines

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