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Shengli Oil & Gas Pipe Holdings (FRA:GSG) Total Assets : €122.85 Mil (As of Jun. 2024)


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What is Shengli Oil & Gas Pipe Holdings Total Assets?

Shengli Oil & Gas Pipe Holdings's Total Assets for the quarter that ended in Jun. 2024 was €122.85 Mil.

During the past 12 months, Shengli Oil & Gas Pipe Holdings's average Total Assets Growth Rate was -14.70% per year. During the past 3 years, the average Total Assets Growth Rate was -25.70% per year. During the past 5 years, the average Total Assets Growth Rate was -20.00% per year. During the past 10 years, the average Total Assets Growth Rate was -13.70% per year.

During the past 13 years, Shengli Oil & Gas Pipe Holdings's highest 3-Year average Total Assets Growth Rate was 55.30%. The lowest was -25.70%. And the median was -7.60%.

Total Assets is connected with ROA %. Shengli Oil & Gas Pipe Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was -4.64%. Total Assets is also linked to Revenue through Asset Turnover. Shengli Oil & Gas Pipe Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.33.

Shengli Oil & Gas Pipe Holdings Total Assets Historical Data

The historical data trend for Shengli Oil & Gas Pipe 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.

* Premium members only.

Shengli Oil & Gas Pipe Holdings Total Assets Chart

Shengli Oil & Gas Pipe Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 309.46 281.59 266.74 156.58 139.16

Shengli Oil & Gas Pipe Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 160.82 156.58 140.59 139.16 122.85

Shengli Oil & Gas Pipe 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.

Shengli Oil & Gas Pipe 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 )
=64.655+74.507
=139.16

Shengli Oil & Gas Pipe Holdings's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=58.103+64.742
=122.85

* 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.

Shengli Oil & Gas Pipe Holdings  (FRA:GSG) Total Assets Explanation

Total Assets is connected with ROA %.

Shengli Oil & Gas Pipe Holdings's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-6.074/( (139.162+122.845)/ 2 )
=-6.074/131.0035
=-4.64 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Shengli Oil & Gas Pipe Holdings's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=42.72/( (139.162+122.845)/ 2 )
=42.72/131.0035
=0.33

* 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.

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.

Shengli Oil & Gas Pipe Holdings Total Assets Related Terms

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Shengli Oil & Gas Pipe Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shengli Oil & Gas Pipe Holdings Ltd (FRA:GSG) » Definitions » Total Assets
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HKSE:02178 HKSE:01156 HKSE:00353 SLB BKR HAL MIL:TEN FTI SHSE:601808 SGX:5E2 XPAR:GTT NOV CHX SHSE:600968 SZSE:002353 XPAR:TE OSL:SUBC ASX:WOR WFRD MIL:SPM
Traded in Other Exchanges
01080:Hong Kong
Address
Zhongbu Town, Zhangdian District, Shandong Province, Zibo, CHN, 255082
Website
http://www.slogp.com
Shengli Oil & Gas Pipe Holdings Ltd is an oil and gas pipe manufacturer in China. It focuses on the design, manufacturing, value-added processing, and servicing of submerged-arc helical welded pipes (SAWH pipes) and submerged-arc longitudinal welded pipes (SAWL pipes), that are used to transport crude oil, refined petroleum products, natural gas, and other related products. It operates two reportable segments which comprise the pipes business and trading business. The majority of the revenue is derived from the pipes business segment that involves the production of submerged-arc helical welded pipes and submerged-arc longitudinal welded pipes which are mainly used for the oil and infrastructure industry. Geographically it derives revenue from Mainland China.