Lingbao Gold Group Co (FRA:LI9) Total Assets : €1,012 Mil (As of Jun. 2024)

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What is Lingbao Gold Group Co Total Assets?

Lingbao Gold Group Co's Total Assets for the quarter that ended in Jun. 2024 was €1,012 Mil.

During the past 12 months, Lingbao Gold Group Co's average Total Assets Growth Rate was 6.50% per year. During the past 3 years, the average Total Assets Growth Rate was -2.10% per year. During the past 5 years, the average Total Assets Growth Rate was -0.40% per year. During the past 10 years, the average Total Assets Growth Rate was -0.90% per year.

During the past 13 years, Lingbao Gold Group Co's highest 3-Year average Total Assets Growth Rate was 65.90%. The lowest was -6.90%. And the median was 3.70%.

Total Assets is connected with ROA %. Lingbao Gold Group Co's annualized ROA % for the quarter that ended in Jun. 2024 was 4.13%. Total Assets is also linked to Revenue through Asset Turnover. Lingbao Gold Group Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.58.

Lingbao Gold Group Co Total Assets Historical Data

The historical data trend for Lingbao Gold Group Co'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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Lingbao Gold Group Co Total Assets Chart

Lingbao Gold Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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761.23

842.79

973.18

934.82

877.95

Lingbao Gold Group Co 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															1,102.17	934.82	930.91	877.95	1,011.82

Lingbao Gold Group Co 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.

Lingbao Gold Group Co'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 )
	=	312.921	+	565.03
	=	878

Lingbao Gold Group Co'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 )
	=	334.494	+	677.328
	=	1,012

Lingbao Gold Group Co (FRA:LI9) Total Assets Explanation

Total Assets is connected with ROA %.

Lingbao Gold Group Co'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 )
	=	39.066	/	( (877.952	+	1011.822)	/ 2 )
	=	39.066	/	944.887
	=	4.13 %

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.

Lingbao Gold Group Co'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 )
=	548.232	/	( (877.952	+	1011.822)	/ 2 )
=	548.232	/	944.887
=	0.58

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.

Lingbao Gold Group Co Total Assets Related Terms

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Lingbao Gold Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lingbao Gold Group Co Ltd (FRA:LI9) » Definitions » Total Assets

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03330:Hong Kong LI9:Germany

Address

77 Leighton Road, Room 1104, 11th Floor, Leighton Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.lbgold.com

Lingbao Gold Group Co Ltd is engaged in the mining, processing, smelting, and selling of gold and other metallic products in the People's Republic of China (PRC). The company operates in four segments: Mining in PRC, Mining in KR (Kyrgyz Republic), Smelting, and Retailing. The vast majority of its revenue comes from the smelting segment, which includes gold and other metal smelting and refinery operations in the PRC. The company generates revenue from selling Gold bullion, Silver, Copper products, Sulphuric acid, and Gold concentrates.

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