Jiangsu Innovative Ecological New Materials (HKSE:02116) Total Assets : HK$264.7 Mil (As of Jun. 2024)

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What is Jiangsu Innovative Ecological New Materials Total Assets?

Jiangsu Innovative Ecological New Materials's Total Assets for the quarter that ended in Jun. 2024 was HK$264.7 Mil.

During the past 12 months, Jiangsu Innovative Ecological New Materials's average Total Assets Growth Rate was -21.40% per year. During the past 3 years, the average Total Assets Growth Rate was -2.00% per year. During the past 5 years, the average Total Assets Growth Rate was 2.70% per year.

During the past 11 years, Jiangsu Innovative Ecological New Materials's highest 3-Year average Total Assets Growth Rate was 11.20%. The lowest was -2.00%. And the median was 7.00%.

Total Assets is connected with ROA %. Jiangsu Innovative Ecological New Materials's annualized ROA % for the quarter that ended in Jun. 2024 was 5.39%. Total Assets is also linked to Revenue through Asset Turnover. Jiangsu Innovative Ecological New Materials's Asset Turnover for the quarter that ended in Jun. 2024 was 0.27.

Jiangsu Innovative Ecological New Materials Total Assets Historical Data

The historical data trend for Jiangsu Innovative Ecological New Materials'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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Jiangsu Innovative Ecological New Materials Total Assets Chart

Jiangsu Innovative Ecological New Materials Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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362.28

386.13

388.04

283.72

295.34

Jiangsu Innovative Ecological New Materials Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Assets	Get a 7-Day Free Trial														388.04	380.12	283.72	264.65	295.34

Jiangsu Innovative Ecological New Materials 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.

Jiangsu Innovative Ecological New Materials'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 )
	=	246.924	+	36.798
	=	283.7

Jiangsu Innovative Ecological New Materials'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 )
	=	241.427	+	23.224
	=	264.7

Jiangsu Innovative Ecological New Materials (HKSE:02116) Total Assets Explanation

Total Assets is connected with ROA %.

Jiangsu Innovative Ecological New Materials'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 )
	=	14.792	/	( (283.722	+	264.651)	/ 2 )
	=	14.792	/	274.1865
	=	5.39 %

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.

Jiangsu Innovative Ecological New Materials'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 )
=	74.429	/	( (283.722	+	264.651)	/ 2 )
=	74.429	/	274.1865
=	0.27

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.

Jiangsu Innovative Ecological New Materials Total Assets Related Terms

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Jiangsu Innovative Ecological New Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Innovative Ecological New Materials Ltd (HKSE:02116) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16 West Kaixuan Road, Economic Development Zone, Jiangsu, Yixing, CHN

Website

https://www.jscxsh.cn

Jiangsu Innovative Ecological New Materials Ltd manufactures additives. The firm produces refining additives, oil additives, and other products. It offers and generates revenue from oil refining agents and fuel additives with desulfurizing agents, lubricity improvers, and metal passivation. The majority of the firm's revenue is generated from the sales of oil refining agents from Mainland China.

Executives

Ge Xiaojun	2202 Interest of your spouse
Gu Jufang	2201 Interest of corporation controlled by you
Innovative Green Holdings Limited	2101 Beneficial owner

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