China ZhengTong Auto Services Holdings (China ZhengTong Auto Services Holdings) Total Assets : $4,134 Mil (As of Dec. 2023)

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What is China ZhengTong Auto Services Holdings Total Assets?

China ZhengTong Auto Services Holdings's Total Assets for the quarter that ended in Dec. 2023 was $4,134 Mil.

During the past 12 months, China ZhengTong Auto Services Holdings's average Total Assets Growth Rate was 4.30% per year. During the past 3 years, the average Total Assets Growth Rate was -0.60% per year. During the past 5 years, the average Total Assets Growth Rate was -9.00% per year. During the past 10 years, the average Total Assets Growth Rate was 2.80% per year.

During the past 13 years, China ZhengTong Auto Services Holdings's highest 3-Year average Total Assets Growth Rate was 94.80%. The lowest was -14.00%. And the median was 11.60%.

Total Assets is connected with ROA %. China ZhengTong Auto Services Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -3.15%. Total Assets is also linked to Revenue through Asset Turnover. China ZhengTong Auto Services Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.41.

China ZhengTong Auto Services Holdings Total Assets Historical Data

The historical data trend for China ZhengTong Auto Services Holdings'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 ZhengTong Auto Services Holdings Total Assets Chart

China ZhengTong Auto Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6,395.77

4,281.19

4,102.46

3,977.91

4,133.61

China ZhengTong Auto Services Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															4,102.46	4,025.73	3,977.91	3,975.48	4,133.61

China ZhengTong Auto Services Holdings 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 ZhengTong Auto Services Holdings'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 )
	=	180.255	+	3953.354
	=	4,134

China ZhengTong Auto Services Holdings's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	180.255	+	3953.354
	=	4,134

China ZhengTong Auto Services Holdings (OTCPK:CZASF) Total Assets Explanation

Total Assets is connected with ROA %.

China ZhengTong Auto Services Holdings's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-127.656	/	( (3975.481	+	4133.61)	/ 2 )
	=	-127.656	/	4054.5455
	=	-3.15 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) 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 ZhengTong Auto Services Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1655.753	/	( (3975.481	+	4133.61)	/ 2 )
=	1655.753	/	4054.5455
=	0.41

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 ZhengTong Auto Services Holdings Total Assets Related Terms

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China ZhengTong Auto Services Holdings (China ZhengTong Auto Services Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China ZhengTong Auto Services Holdings Ltd (OTCPK:CZASF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

01728:Hong Kong ZA0:Germany

Address

No. 59, West Third-Ring South Road, Baoze Plaza, Beijing, CHN

Website

http://www.zhengtongauto.com

China ZhengTong Auto Services Holdings Ltd is a China-based investment holding company principally engaged in the sales of passenger motor vehicles, including luxury and ultra-luxury branded automobiles. The Company operates its business through four segments. The 4S Dealership Business segment is engaged in the sales of motor vehicles and motor spare parts and the provision of maintenance services. The Logistics Business segment is engaged in the provision of motor-related logistics services. The Lubricant Oil Business segment is engaged in the trading of lubricant oil. The Financial Services Business segment is engaged in the provision of financial services to auto customers and dealers.

China ZhengTong Auto Services Holdings (China ZhengTong Auto Services Holdings) Headlines

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