China Gengsheng Minerals (FRA:CGS) Total Assets : €103.62 Mil (As of Dec. 2013)

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What is China Gengsheng Minerals Total Assets?

China Gengsheng Minerals's Total Assets for the quarter that ended in Dec. 2013 was €103.62 Mil.

Warning Sign:

If a company builds asset at 16.7% a year, faster than its revenue growth rate of 2.9% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, China Gengsheng Minerals's average Total Assets Growth Rate was -10.30% per year. During the past 3 years, the average Total Assets Growth Rate was 4.80% per year. During the past 5 years, the average Total Assets Growth Rate was 16.70% per year.

During the past 8 years, China Gengsheng Minerals's highest 3-Year average Total Assets Growth Rate was 34.00%. The lowest was 0.00%. And the median was 18.60%.

Total Assets is connected with ROA %. China Gengsheng Minerals's annualized ROA % for the quarter that ended in Dec. 2013 was -22.80%. Total Assets is also linked to Revenue through Asset Turnover. China Gengsheng Minerals's Asset Turnover for the quarter that ended in Dec. 2013 was 0.13.

China Gengsheng Minerals Total Assets Historical Data

The historical data trend for China Gengsheng Minerals'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 Gengsheng Minerals Total Assets Chart

China Gengsheng Minerals Annual Data

Trend

Sep06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Assets

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67.26

93.16

112.46

123.75

103.62

China Gengsheng Minerals Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Total Assets	Get a 7-Day Free Trial															123.75	121.98	127.87	121.68	103.62

China Gengsheng Minerals 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 Gengsheng Minerals's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (A: Dec. 2013 )	+	Total Liabilities (A: Dec. 2013 )
	=	16.766	+	86.857
	=	103.62

China Gengsheng Minerals's Total Assets for the quarter that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2013 )	+	Total Liabilities (Q: Dec. 2013 )
	=	16.766	+	86.857
	=	103.62

China Gengsheng Minerals (FRA:CGS) Total Assets Explanation

Total Assets is connected with ROA %.

China Gengsheng Minerals's annualized ROA % for the quarter that ended in Dec. 2013 is

ROA %	=	Net Income (Q: Dec. 2013 )	/	( (Total Assets (Q: Sep. 2013 )	+	Total Assets (Q: Dec. 2013 ))	/ count )
	=	-25.68	/	( (121.675	+	103.623)	/ 2 )
	=	-25.68	/	112.649
	=	-22.80 %

Note: The Net Income data used here is four times the quarterly (Dec. 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 Gengsheng Minerals's Asset Turnover for the quarter that ended in Dec. 2013 is

	Asset Turnover
=	Revenue (Q: Dec. 2013 )	/	( (Total Assets (Q: Sep. 2013 )	+	Total Assets (Q: Dec. 2013 ))	/ count )
=	14.507	/	( (121.675	+	103.623)	/ 2 )
=	14.507	/	112.649
=	0.13

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 Gengsheng Minerals Total Assets Related Terms

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China Gengsheng Minerals (FRA:CGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Gengsheng Minerals (FRA:CGS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Gengsheng Road, Dayugou Town, Gongyi, Henan, CHN, 451271

Website

http://www.gengsheng.com

China Gengsheng Minerals Inc is a holding company. It operates in the materials technology industry through its subsidiaries in China. It develops, manufactures and sells a broad range of mineral-based products. Its products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives and corundum materials. It sells its products to iron, steel, oil, glass, cement, aluminum, chemical and solar industries. The company has Refractories, Industrial ceramic, Fracture proppant, Fire precision abrasives segments. It derives the majority of its revenues from Refractories segment.

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