China Marine Food Group (China Marine Food Group) Total Assets : $153.4 Mil (As of Sep. 2013)

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What is China Marine Food Group Total Assets?

China Marine Food Group's Total Assets for the quarter that ended in Sep. 2013 was $153.4 Mil.

Total Assets is connected with ROA %. China Marine Food Group's annualized ROA % for the quarter that ended in Sep. 2013 was -11.06%. Total Assets is also linked to Revenue through Asset Turnover. China Marine Food Group's Asset Turnover for the quarter that ended in Sep. 2013 was 0.17.

China Marine Food Group Total Assets Historical Data

The historical data trend for China Marine Food Group'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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China Marine Food Group Total Assets Chart

China Marine Food Group Annual Data

Trend

Dec00

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Total Assets

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51.65

67.90

123.78

138.89

146.22

China Marine Food Group Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Total Assets	Get a 7-Day Free Trial															142.36	146.22	155.82	154.72	153.38

China Marine Food Group 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.

China Marine Food Group's Total Assets for the fiscal year that ended in Dec. 2012 is calculated as

Total Assets	=	Total Equity (A: Dec. 2012 )	+	Total Liabilities (A: Dec. 2012 )
	=	126.695	+	19.526
	=	146.2

China Marine Food Group's Total Assets for the quarter that ended in Sep. 2013 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2013 )	+	Total Liabilities (Q: Sep. 2013 )
	=	123.248	+	30.136
	=	153.4

China Marine Food Group (OTCPK:CMFO) Total Assets Explanation

Total Assets is connected with ROA %.

China Marine Food Group's annualized ROA % for the quarter that ended in Sep. 2013 is

ROA %	=	Net Income (Q: Sep. 2013 )	/	( (Total Assets (Q: Jun. 2013 )	+	Total Assets (Q: Sep. 2013 ))	/ count )
	=	-17.044	/	( (154.724	+	153.384)	/ 2 )
	=	-17.044	/	154.054
	=	-11.06 %

Note: The Net Income data used here is four times the quarterly (Sep. 2013) 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.

China Marine Food Group's Asset Turnover for the quarter that ended in Sep. 2013 is

	Asset Turnover
=	Revenue (Q: Sep. 2013 )	/	( (Total Assets (Q: Jun. 2013 )	+	Total Assets (Q: Sep. 2013 ))	/ count )
=	25.659	/	( (154.724	+	153.384)	/ 2 )
=	25.659	/	154.054
=	0.17

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.

China Marine Food Group Total Assets Related Terms

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China Marine Food Group (China Marine Food Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Marine Food Group Ltd (OTCPK:CMFO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Da Bao Industrial Zone, Shishi, Fujian, CHN, 362700

Website

http://www.china-marine.cn

China Marine Food Group Ltd is engaged in in the business of processing, distribution & sale of processed seafood-based snack foods, as well as the sale of fresh & frozen marine catch & ices. It also offers algae-based soft drinks.

Executives

Phil Frohlich	10 percent owner	1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529
Prescott Group Capital Management, L.l.c.	10 percent owner	1924 SOUTH UTICA, SUITE 1120, TULSA OK 74104-6429
Jayhawk Capital Management Llc	10 percent owner, other: 13(d) group owning >10%	13021 W 74TH ST, SHAWNEE KS 66216
Kent C Mccarthy	10 percent owner, other: Member 13(d) group owning >10%	930 TAHOE BLVD., 802-281, INCLINE VILLAGE NV 89451
Jayhawk Private Equity Fund L P	10 percent owner, other: 13(d) group owning >10%	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Jayhawk Private Equity Co Invest Fund Lp	other: Member of the group	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Jayhawk Private Equity Gp, L.p.	10 percent owner, other: 13(d) group owning >10%	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Hon Wai Ku	officer: Chief Financial Officer	SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000