Jiangsu Vibo Hydraulics Co (BJSE:871245) Total Assets : ¥515.3 Mil (As of Mar. 2024)

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What is Jiangsu Vibo Hydraulics Co Total Assets?

Jiangsu Vibo Hydraulics Co's Total Assets for the quarter that ended in Mar. 2024 was ¥515.3 Mil.

Warning Sign:

If a company builds assets at 25.4% a year, faster than its revenue growth rate of 6.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Jiangsu Vibo Hydraulics Co's average Total Assets Growth Rate was 16.90% per year. During the past 3 years, the average Total Assets Growth Rate was 22.70% per year. During the past 5 years, the average Total Assets Growth Rate was 25.40% per year.

During the past 9 years, Jiangsu Vibo Hydraulics Co's highest 3-Year average Total Assets Growth Rate was 51.80%. The lowest was 22.70%. And the median was 30.25%.

Total Assets is connected with ROA %. Jiangsu Vibo Hydraulics Co's annualized ROA % for the quarter that ended in Mar. 2024 was 5.36%. Total Assets is also linked to Revenue through Asset Turnover. Jiangsu Vibo Hydraulics Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Jiangsu Vibo Hydraulics Co Total Assets Historical Data

The historical data trend for Jiangsu Vibo Hydraulics 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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Jiangsu Vibo Hydraulics Co Total Assets Chart

Jiangsu Vibo Hydraulics Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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200.59

287.30

429.21

454.26

500.17

Jiangsu Vibo Hydraulics Co Quarterly Data
	Dec18	Jun19	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															436.61	447.60	457.56	500.17	515.31

Jiangsu Vibo Hydraulics 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.

Jiangsu Vibo Hydraulics 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 )
	=	325.169	+	175.002
	=	500.2

Jiangsu Vibo Hydraulics 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 )
	=	331.796	+	183.509
	=	515.3

Jiangsu Vibo Hydraulics Co (BJSE:871245) Total Assets Explanation

Total Assets is connected with ROA %.

Jiangsu Vibo Hydraulics 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 )
	=	27.204	/	( (500.171	+	515.305)	/ 2 )
	=	27.204	/	507.738
	=	5.36 %

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.

Jiangsu Vibo Hydraulics 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 )
=	71.4	/	( (500.171	+	515.305)	/ 2 )
=	71.4	/	507.738
=	0.14

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.

Jiangsu Vibo Hydraulics Co Total Assets Related Terms

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Jiangsu Vibo Hydraulics Co (BJSE:871245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Vibo Hydraulics Co Ltd (BJSE:871245) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

No. 113 Zhuhai East Road, Huaian Economic and Technological Development Zone, Jiangsu Province, Huaian City, CHN, 223005

Website

http://www.vibo-hydraulics.com

Jiangsu Vibo Hydraulics Co Ltd engages in the manufacture and sales of hydraulic components and hydraulic power units. Its product offerings comprise gear pumps, valves, motors, hydraulic power units, center manifolds, tanks, standard modular element serial, and accessories.

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