Chengdu Rich Technology Co (BJSE:833781) Total Assets : ¥743.2 Mil (As of Mar. 2024)

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What is Chengdu Rich Technology Co Total Assets?

Chengdu Rich Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥743.2 Mil.

Warning Sign:

If a company builds assets at 33.5% a year, faster than its revenue growth rate of 7.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Chengdu Rich Technology Co's average Total Assets Growth Rate was 4.50% per year. During the past 3 years, the average Total Assets Growth Rate was 31.80% per year. During the past 5 years, the average Total Assets Growth Rate was 33.50% per year. During the past 10 years, the average Total Assets Growth Rate was 16.40% per year.

During the past 11 years, Chengdu Rich Technology Co's highest 3-Year average Total Assets Growth Rate was 47.20%. The lowest was -4.50%. And the median was 13.90%.

Total Assets is connected with ROA %. Chengdu Rich Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 2.05%. Total Assets is also linked to Revenue through Asset Turnover. Chengdu Rich Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Chengdu Rich Technology Co Total Assets Historical Data

The historical data trend for Chengdu Rich Technology 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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Chengdu Rich Technology Co Total Assets Chart

Chengdu Rich Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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241.02

341.04

469.54

810.88

790.36

Chengdu Rich Technology Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															786.75	820.49	818.94	790.36	743.22

Chengdu Rich Technology 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.

Chengdu Rich Technology 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 )
	=	392.76	+	397.604
	=	790.4

Chengdu Rich Technology 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 )
	=	397.045	+	346.175
	=	743.2

Chengdu Rich Technology Co (BJSE:833781) Total Assets Explanation

Total Assets is connected with ROA %.

Chengdu Rich Technology 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 )
	=	15.708	/	( (790.364	+	743.22)	/ 2 )
	=	15.708	/	766.792
	=	2.05 %

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.

Chengdu Rich Technology 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 )
=	49.664	/	( (790.364	+	743.22)	/ 2 )
=	49.664	/	766.792
=	0.06

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.

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Chengdu Rich Technology Co (BJSE:833781) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chengdu Rich Technology Co Ltd (BJSE:833781) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

No. 288 Qinghua East Road, Qingbaijiang District, Sichuan Province, Chengdu City, CHN, 610300

Website

http://www.cdrich.cn

Chengdu Rich Technology Co Ltd engages in the design, research, development, and manufacturing of large pressure vessels, intelligent integrated devices, special equipment for oil and gas drilling and production, processing of special equipment for electric power, and installation of lithium batteries and nuclear energy.

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