Shandong Molong Petroleum Machinery Co (HKSE:00568) Total Assets : HK$3,158.9 Mil (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Total Assets?

Shandong Molong Petroleum Machinery Co's Total Assets for the quarter that ended in Dec. 2023 was HK$3,158.9 Mil.

During the past 12 months, Shandong Molong Petroleum Machinery Co's average Total Assets Growth Rate was -23.70% per year. During the past 3 years, the average Total Assets Growth Rate was -16.50% per year. During the past 5 years, the average Total Assets Growth Rate was -13.20% per year. During the past 10 years, the average Total Assets Growth Rate was -6.30% per year.

During the past 13 years, Shandong Molong Petroleum Machinery Co's highest 3-Year average Total Assets Growth Rate was 65.10%. The lowest was -16.50%. And the median was 1.95%.

Total Assets is connected with ROA %. Shandong Molong Petroleum Machinery Co's annualized ROA % for the quarter that ended in Dec. 2023 was -41.76%. Total Assets is also linked to Revenue through Asset Turnover. Shandong Molong Petroleum Machinery Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.10.

Shandong Molong Petroleum Machinery Co Total Assets Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Total Assets Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6,382.46

6,135.37

5,458.20

4,509.97

3,158.92

Shandong Molong Petroleum Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															4,530.36	4,070.55	3,545.91	3,158.92	-

Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery 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 )
	=	366.091	+	2792.832
	=	3,158.9

Shandong Molong Petroleum Machinery Co'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 )
	=	366.091	+	2792.832
	=	3,158.9

Shandong Molong Petroleum Machinery Co (HKSE:00568) Total Assets Explanation

Total Assets is connected with ROA %.

Shandong Molong Petroleum Machinery Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-1399.824	/	( (3545.91	+	3158.923)	/ 2 )
	=	-1399.824	/	3352.4165
	=	-41.76 %

Note: The Net Income data used here is four times the quarterly (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.

Shandong Molong Petroleum Machinery Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	344.948	/	( (3545.91	+	3158.923)	/ 2 )
=	344.948	/	3352.4165
=	0.10

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.

Shandong Molong Petroleum Machinery Co Total Assets Related Terms

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Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (HKSE:00568) » Definitions » Total Assets

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SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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