Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Total Assets : ¥697.4 Mil (As of Mar. 2024)

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What is Wuxi Dingbang Heat Exchange Equipment Co Total Assets?

Wuxi Dingbang Heat Exchange Equipment Co's Total Assets for the quarter that ended in Mar. 2024 was ¥697.4 Mil.

Warning Sign:

If a company builds assets at 12.3% a year, faster than its revenue growth rate of 8.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Wuxi Dingbang Heat Exchange Equipment Co's average Total Assets Growth Rate was 4.70% per year. During the past 3 years, the average Total Assets Growth Rate was 16.70% per year. During the past 5 years, the average Total Assets Growth Rate was 12.30% per year.

During the past 8 years, Wuxi Dingbang Heat Exchange Equipment Co's highest 3-Year average Total Assets Growth Rate was 20.50%. The lowest was 8.70%. And the median was 12.20%.

Total Assets is connected with ROA %. Wuxi Dingbang Heat Exchange Equipment Co's annualized ROA % for the quarter that ended in Mar. 2024 was 6.40%. Total Assets is also linked to Revenue through Asset Turnover. Wuxi Dingbang Heat Exchange Equipment Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Wuxi Dingbang Heat Exchange Equipment Co Total Assets Historical Data

The historical data trend for Wuxi Dingbang Heat Exchange Equipment 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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Wuxi Dingbang Heat Exchange Equipment Co Total Assets Chart

Wuxi Dingbang Heat Exchange Equipment Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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420.22

409.22

420.76

520.55

598.69

Wuxi Dingbang Heat Exchange Equipment Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															547.48	590.29	633.58	598.69	697.43

Wuxi Dingbang Heat Exchange Equipment 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.

Wuxi Dingbang Heat Exchange Equipment 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 )
	=	220.211	+	378.476
	=	598.7

Wuxi Dingbang Heat Exchange Equipment 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 )
	=	374.901	+	322.527
	=	697.4

Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Total Assets Explanation

Total Assets is connected with ROA %.

Wuxi Dingbang Heat Exchange Equipment 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 )
	=	41.504	/	( (598.687	+	697.428)	/ 2 )
	=	41.504	/	648.0575
	=	6.40 %

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.

Wuxi Dingbang Heat Exchange Equipment 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 )
=	104.765	/	( (598.687	+	697.428)	/ 2 )
=	104.765	/	648.0575
=	0.16

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.

Wuxi Dingbang Heat Exchange Equipment Co Total Assets Related Terms

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Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Dingbang Heat Exchange Equipment Co Ltd (BJSE:872931) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

Houshan South Road, No. 29, Anzhen Town, Xishan District, Jiangsu Province, Wuxi City, CHN, 214104

Website

http://www.ding-bang.com.cn

Wuxi Dingbang Heat Exchange Equipment Co Ltd is engaged in research and development, design, manufacturing and sales of special heat exchange equipment for oil refining and chemical industry. Its products includes various tube heat exchangers, spiral baffle heat exchangers, air-cooled heat exchangers (air coolers), plate-bundle heat exchangers and A2 pressure vessels, as well as planetary differential start of oil extraction machines.

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