China Power Equipment (China Power Equipment) Total Assets : $51.33 Mil (As of Sep. 2013)

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What is China Power Equipment Total Assets?

China Power Equipment's Total Assets for the quarter that ended in Sep. 2013 was $51.33 Mil.

Total Assets is connected with ROA %. China Power Equipment's annualized ROA % for the quarter that ended in Sep. 2013 was 13.05%. Total Assets is also linked to Revenue through Asset Turnover. China Power Equipment's Asset Turnover for the quarter that ended in Sep. 2013 was 0.18.

China Power Equipment Total Assets Historical Data

The historical data trend for China Power Equipment'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 Power Equipment Total Assets Chart

China Power Equipment Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Total Assets

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9.68

18.88

30.30

37.57

45.31

China Power Equipment 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															43.22	45.31	46.11	48.71	51.33

China Power Equipment 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 Power Equipment'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 )
	=	41.588	+	3.725
	=	45.31

China Power Equipment'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 )
	=	46.798	+	4.534
	=	51.33

China Power Equipment (OTCPK:CPQQ) Total Assets Explanation

Total Assets is connected with ROA %.

China Power Equipment'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 )
	=	6.528	/	( (48.714	+	51.332)	/ 2 )
	=	6.528	/	50.023
	=	13.05 %

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 Power Equipment'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 )
=	9.13	/	( (48.714	+	51.332)	/ 2 )
=	9.13	/	50.023
=	0.18

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 Power Equipment Total Assets Related Terms

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China Power Equipment (China Power Equipment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Power Equipment Inc (OTCPK:CPQQ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

Yongle Industry Zone, Jingyang Industry Concentration Area, Xi’an, Shaanxi, CHN, 713702

Website

http://www.chinapower-equipment.com

China Power Equipment Inc designs, manufactures, and distributes amorphous alloy transformer cores and amorphous alloy distribution transformers in the Peoples Republic of China. Its devices are used to step down voltage at the final phase of the distribution of electricity to consumers, businesses, and industries. The Company offers its products to electricity generators and suppliers, suppliers of electrical equipment, and other electric power transformers manufacturers.

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