Henan Tianma New Material Co (BJSE:838971) Total Assets : ¥570.0 Mil (As of Sep. 2024)

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What is Henan Tianma New Material Co Total Assets?

Henan Tianma New Material Co's Total Assets for the quarter that ended in Sep. 2024 was ¥570.0 Mil.

Warning Sign:

If a company builds assets at 32.9% a year, faster than its revenue growth rate of 5.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Henan Tianma New Material Co's average Total Assets Growth Rate was 18.70% per year. During the past 3 years, the average Total Assets Growth Rate was 44.10% per year. During the past 5 years, the average Total Assets Growth Rate was 32.90% per year.

During the past 10 years, Henan Tianma New Material Co's highest 3-Year average Total Assets Growth Rate was 44.10%. The lowest was 2.30%. And the median was 18.50%.

Total Assets is connected with ROA %. Henan Tianma New Material Co's annualized ROA % for the quarter that ended in Sep. 2024 was 7.05%. Total Assets is also linked to Revenue through Asset Turnover. Henan Tianma New Material Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.13.

Henan Tianma New Material Co Total Assets Historical Data

The historical data trend for Henan Tianma New Material 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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Henan Tianma New Material Co Total Assets Chart

Henan Tianma New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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161.16

179.54

210.65

487.98

518.77

Henan Tianma New Material Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															510.00	518.77	529.29	567.13	570.02

Henan Tianma New Material 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.

Henan Tianma New Material 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 )
	=	436.71	+	82.063
	=	518.8

Henan Tianma New Material Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	437.76	+	132.261
	=	570.0

Henan Tianma New Material Co (BJSE:838971) Total Assets Explanation

Total Assets is connected with ROA %.

Henan Tianma New Material Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	40.072	/	( (567.126	+	570.022)	/ 2 )
	=	40.072	/	568.574
	=	7.05 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Henan Tianma New Material Co's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	71.975	/	( (567.126	+	570.022)	/ 2 )
=	71.975	/	568.574
=	0.13

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.

Henan Tianma New Material Co Total Assets Related Terms

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Henan Tianma New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Henan Tianma New Material Co Ltd (BJSE:838971) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

No. 1109 Science Avenue, Industrial Road Street, Shangjie District, Henan Province, Zhengzhou, CHN, 450041

Website

http://www.tianmaweifen.cn

Henan Tianma New Material Co Ltd is engaged in the production and sales of high-performance fine alumina powder.

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