Shandong Liancheng Precision Manufacturing Co (SZSE:002921) Total Assets : ¥2,275 Mil (As of Dec. 2023)

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What is Shandong Liancheng Precision Manufacturing Co Total Assets?

Shandong Liancheng Precision Manufacturing Co's Total Assets for the quarter that ended in Dec. 2023 was ¥2,275 Mil.

Warning Sign:

If a company builds assets at 16.9% a year, faster than its revenue growth rate of 8.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Shandong Liancheng Precision Manufacturing Co's average Total Assets Growth Rate was -0.60% per year. During the past 3 years, the average Total Assets Growth Rate was 16.60% per year. During the past 5 years, the average Total Assets Growth Rate was 16.90% per year. During the past 10 years, the average Total Assets Growth Rate was 13.40% per year.

During the past 11 years, Shandong Liancheng Precision Manufacturing Co's highest 3-Year average Total Assets Growth Rate was 23.20%. The lowest was 6.20%. And the median was 13.65%.

Total Assets is connected with ROA %. Shandong Liancheng Precision Manufacturing Co's annualized ROA % for the quarter that ended in Dec. 2023 was -0.61%. Total Assets is also linked to Revenue through Asset Turnover. Shandong Liancheng Precision Manufacturing Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.11.

Shandong Liancheng Precision Manufacturing Co Total Assets Historical Data

The historical data trend for Shandong Liancheng Precision Manufacturing 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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Shandong Liancheng Precision Manufacturing Co Total Assets Chart

Shandong Liancheng Precision Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,258.05

1,514.83

1,835.17

2,273.88

2,274.87

Shandong Liancheng Precision Manufacturing 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	Get a 7-Day Free Trial															2,273.88	2,431.13	2,251.93	2,237.36	2,274.87

Shandong Liancheng Precision Manufacturing 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.

Shandong Liancheng Precision Manufacturing 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 )
	=	1186.765	+	1088.108
	=	2,275

Shandong Liancheng Precision Manufacturing 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 )
	=	1186.765	+	1088.108
	=	2,275

Shandong Liancheng Precision Manufacturing Co (SZSE:002921) Total Assets Explanation

Total Assets is connected with ROA %.

Shandong Liancheng Precision Manufacturing 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 )
	=	-13.68	/	( (2237.359	+	2274.873)	/ 2 )
	=	-13.68	/	2256.116
	=	-0.61 %

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.

Shandong Liancheng Precision Manufacturing 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 )
=	254.848	/	( (2237.359	+	2274.873)	/ 2 )
=	254.848	/	2256.116
=	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.

Shandong Liancheng Precision Manufacturing Co Total Assets Related Terms

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Shandong Liancheng Precision Manufacturing Co (SZSE:002921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Liancheng Precision Manufacturing Co Ltd (SZSE:002921) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Chuangye Road, Economic Development Zone, Yanzhou, CHN, 272100

Website

http://www.lmc-ind.com

Shandong Liancheng Precision Manufacturing Co Ltd is a China-based company, engages in the development, design, production, and sales of precision castings, such as high-strength ductile iron and aluminum alloy castings. Its main products are automobile pump shell, frame, flange, damping wheel/ring, oil pump shell and others. Its products are used in passenger cars, commercial vehicles, diesel engines, construction machinery, commercial compressors, hydraulic machinery and other industries or fields.

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