Zhejiang He Chuan Technology (SHSE:688320) Total Assets : ¥2,084 Mil (As of Mar. 2024)

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What is Zhejiang He Chuan Technology Total Assets?

Zhejiang He Chuan Technology's Total Assets for the quarter that ended in Mar. 2024 was ¥2,084 Mil.

Warning Sign:

If a company builds assets at 46.3% a year, faster than its revenue growth rate of 26.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Zhejiang He Chuan Technology's average Total Assets Growth Rate was 4.50% per year. During the past 3 years, the average Total Assets Growth Rate was 41.50% per year. During the past 5 years, the average Total Assets Growth Rate was 46.30% per year.

During the past 6 years, Zhejiang He Chuan Technology's highest 3-Year average Total Assets Growth Rate was 59.00%. The lowest was 38.90%. And the median was 41.50%.

Total Assets is connected with ROA %. Zhejiang He Chuan Technology's annualized ROA % for the quarter that ended in Mar. 2024 was -2.83%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang He Chuan Technology's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

Zhejiang He Chuan Technology Total Assets Historical Data

The historical data trend for Zhejiang He Chuan Technology'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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Zhejiang He Chuan Technology Total Assets Chart

Zhejiang He Chuan Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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499.62

781.99

972.24

2,120.74

2,156.44

Zhejiang He Chuan Technology Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												2,207.41	2,229.53	2,234.84	2,156.44	2,084.17

Zhejiang He Chuan Technology 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 He Chuan Technology'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 )
	=	1564.573	+	591.866
	=	2,156

Zhejiang He Chuan Technology'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 )
	=	1549.17	+	534.997
	=	2,084

Zhejiang He Chuan Technology (SHSE:688320) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang He Chuan Technology'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 )
	=	-60.036	/	( (2156.438	+	2084.167)	/ 2 )
	=	-60.036	/	2120.3025
	=	-2.83 %

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 He Chuan Technology'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 )
=	205.331	/	( (2156.438	+	2084.167)	/ 2 )
=	205.331	/	2120.3025
=	0.10

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 He Chuan Technology Total Assets Related Terms

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Zhejiang He Chuan Technology (SHSE:688320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang He Chuan Technology Corp Ltd (SHSE:688320) » Definitions » Total Assets

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Address

No. 9, Fucai Road, Longyou Industrial Park, Zhejiang Province, Quzhou, CHN, 324400

Website

https://www.hcfa.cn

Zhejiang He Chuan Technology Corp Ltd is engaged in the research and development, production, sales and application integration of industrial automation products.

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