Huaming Power Equipment Co (SZSE:002270) Total Assets : ¥4,655 Mil (As of Mar. 2024)

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What is Huaming Power Equipment Co Total Assets?

Huaming Power Equipment Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,655 Mil.

During the past 12 months, Huaming Power Equipment Co's average Total Assets Growth Rate was -1.20% per year. During the past 3 years, the average Total Assets Growth Rate was -2.90% per year. During the past 5 years, the average Total Assets Growth Rate was -1.00% per year. During the past 10 years, the average Total Assets Growth Rate was 18.60% per year.

During the past 13 years, Huaming Power Equipment Co's highest 3-Year average Total Assets Growth Rate was 57.80%. The lowest was -2.90%. And the median was 19.20%.

Total Assets is connected with ROA %. Huaming Power Equipment Co's annualized ROA % for the quarter that ended in Mar. 2024 was 11.07%. Total Assets is also linked to Revenue through Asset Turnover. Huaming Power Equipment Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

Huaming Power Equipment Co Total Assets Historical Data

The historical data trend for Huaming Power Equipment 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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Huaming Power Equipment Co Total Assets Chart

Huaming Power Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,844.19

4,356.16

4,097.10

4,462.93

4,518.15

Huaming Power Equipment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															4,441.81	4,379.04	4,472.80	4,518.15	4,655.13

Huaming Power Equipment 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.

Huaming Power Equipment 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 )
	=	3362.711	+	1155.438
	=	4,518

Huaming Power Equipment Co'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 )
	=	3492.039	+	1163.092
	=	4,655

Huaming Power Equipment Co (SZSE:002270) Total Assets Explanation

Total Assets is connected with ROA %.

Huaming Power Equipment Co'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 )
	=	507.672	/	( (4518.148	+	4655.131)	/ 2 )
	=	507.672	/	4586.6395
	=	11.07 %

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.

Huaming Power Equipment Co'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 )
=	451.225	/	( (4518.148	+	4655.131)	/ 2 )
=	451.225	/	4586.6395
=	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.

Huaming Power Equipment Co Total Assets Related Terms

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Huaming Power Equipment Co (SZSE:002270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huaming Power Equipment Co Ltd (SZSE:002270) » Definitions » Total Assets

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Address

No. 977, Tongpu Road, Putuo District, Shanghai, CHN, 200333

Website

http://www.hmoltc.com

Huaming Power Equipment Co Ltd is a Chinese company operating in the tap changer industry. Its products are on-load and off-circuit tap changers for transformeThat motor drive unit, online oil filter and other accessories. The products offered by the company is used in power grids and energy sector, chemical, metallurgical and railway projects, among others. The company offers products in the categories of OLTC and DETC. OLTC includes products of conventional type, vacuum type, dry type and gas insulated type, whereas DETC covers products of cage type and drum type.

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