Goneo Group Co (SHSE:603195) Equity-to-Asset : 0.71 (As of Sep. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Goneo Group Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥13,358 Mil. Goneo Group Co's Total Assets for the quarter that ended in Sep. 2023 was ¥18,710 Mil. Therefore, Goneo Group Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.71.

The historical rank and industry rank for Goneo Group Co's Equity-to-Asset or its related term are showing as below:

SHSE:603195' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.7 Max: 0.88
Current: 0.71

During the past 8 years, the highest Equity to Asset Ratio of Goneo Group Co was 0.88. The lowest was 0.40. And the median was 0.70.

SHSE:603195's Equity-to-Asset is ranked better than
74.69% of 3026 companies
in the Industrial Products industry
Industry Median: 0.56 vs SHSE:603195: 0.71

Goneo Group Co Equity-to-Asset Historical Data

The historical data trend for Goneo Group Co's Equity-to-Asset 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.

* Premium members only.

Goneo Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.63

0.75

0.73

0.70

0.75

Goneo Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.72	0.75	0.74	0.70	0.71

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Goneo Group Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Goneo Group Co Equity-to-Asset Distribution

For the Industrial Products industry and Industrials sector, Goneo Group Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Goneo Group Co's Equity-to-Asset falls into.

Goneo Group Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Goneo Group Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	12398.866	/	16650.497
	=	0.74

Goneo Group Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	13358.192	/	18710.415
	=	0.71

Goneo Group Co (SHSE:603195) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Goneo Group Co Equity-to-Asset Related Terms

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Goneo Group Co (SHSE:603195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goneo Group Co Ltd (SHSE:603195) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

No. 32 Sanhai Road, East Guanhaiwei Industrial Zone, Guanhaiwei Town, Zhejiang Province, Cixi, CHN, 315314

Website

http://www.gongniu.cn

Gongniu Group Co Ltd is engaged in the research, development, manufacture, and sale of civil electrical products such as extended line sockets, wall switches, LED lighting, and digital accessories. The company's products include Power Strips, High-end Power Strip, USB Power Strip, Digital Accessories, Decorative Switch Socket, and Eye-care LED Light.

Goneo Group Co (SHSE:603195) Headlines

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