Zhejiang Great Southeast Co (SZSE:002263) Total Assets

: ¥3,096 Mil (As of Dec. 2023)

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Zhejiang Great Southeast Co's Total Assets for the quarter that ended in Dec. 2023 was ¥3,096 Mil.

During the past 12 months, Zhejiang Great Southeast Co's average Total Assets Growth Rate was 1.30% per year. During the past 3 years, the average Total Assets Growth Rate was -0.60% per year. During the past 5 years, the average Total Assets Growth Rate was -6.90% per year. During the past 10 years, the average Total Assets Growth Rate was -6.90% per year.

During the past 13 years, Zhejiang Great Southeast Co's highest 3-Year average Total Assets Growth Rate was 15.60%. The lowest was -15.80%. And the median was 2.25%.

Total Assets is connected with ROA %. Zhejiang Great Southeast Co's annualized ROA % for the quarter that ended in Dec. 2023 was 3.24%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang Great Southeast Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.11.

Zhejiang Great Southeast Co Total Assets Historical Data

The historical data trend for Zhejiang Great Southeast 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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Zhejiang Great Southeast Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

2,507.79

2,715.62

2,961.55

2,959.21

3,096.08

Zhejiang Great Southeast 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																2,959.21	3,026.08	3,069.64	3,055.66	3,096.08

Zhejiang Great Southeast 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 Great Southeast 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 )
	=	2736.734	+	359.347
	=	3,096

Zhejiang Great Southeast 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 )
	=	2736.734	+	359.347
	=	3,096

Zhejiang Great Southeast Co (SZSE:002263) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang Great Southeast 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 )
	=	99.744	/	( (3055.661	+	3096.081)	/ 2 )
	=	99.744	/	3075.871
	=	3.24 %

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.

Zhejiang Great Southeast 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 )
=	342.185	/	( (3055.661	+	3096.081)	/ 2 )
=	342.185	/	3075.871
=	0.11

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 Great Southeast Co Total Assets Related Terms

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Zhejiang Great Southeast Co (SZSE:002263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhejiang Great Southeast Co Ltd (SZSE:002263) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Qianxi Road, Zhejiang Province, Zhuji, CHN, 311800

Website

http://www.chinaddn.net

Zhejiang Great Southeast Co Ltd is a China-based company which focuses on production and distribution of plastic products. The company's products include plastic film used for food packaging, electronics such as lithium battery film, capacitor film, chemical products packaging, medical packaging, and others.

Zhejiang Great Southeast Co (SZSE:002263) Headlines

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