Huadi International Group Co (Huadi International Group Co) Total Assets : $103.01 Mil (As of Sep. 2023)

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What is Huadi International Group Co Total Assets?

Huadi International Group Co's Total Assets for the quarter that ended in Sep. 2023 was $103.01 Mil.

During the past 12 months, Huadi International Group Co's average Total Assets Growth Rate was 15.90% per year. During the past 3 years, the average Total Assets Growth Rate was 6.60% per year. During the past 5 years, the average Total Assets Growth Rate was 2.60% per year.

During the past 6 years, Huadi International Group Co's highest 3-Year average Total Assets Growth Rate was 6.60%. The lowest was 1.80%. And the median was 4.40%.

Total Assets is connected with ROA %. Huadi International Group Co's annualized ROA % for the quarter that ended in Sep. 2023 was 3.62%. Total Assets is also linked to Revenue through Asset Turnover. Huadi International Group Co's Asset Turnover for the quarter that ended in Sep. 2023 was 0.46.

Huadi International Group Co Total Assets Historical Data

The historical data trend for Huadi International 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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Huadi International Group Co Total Assets Chart

Huadi International Group Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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68.77

69.12

100.25

84.64

103.01

Huadi International Group Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial						100.25	91.30	84.64	98.00	103.01

Huadi International 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.

Huadi International Group Co's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	74.684	+	28.327
	=	103.01

Huadi International Group Co's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	74.684	+	28.327
	=	103.01

Huadi International Group Co (NAS:HUDI) Total Assets Explanation

Total Assets is connected with ROA %.

Huadi International Group Co's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	3.642	/	( (98	+	103.011)	/ 2 )
	=	3.642	/	100.5055
	=	3.62 %

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

Huadi International Group Co's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	46.38	/	( (98	+	103.011)	/ 2 )
=	46.38	/	100.5055
=	0.46

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.

Huadi International Group Co Total Assets Related Terms

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Huadi International Group Co (Huadi International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huadi International Group Co Ltd (NAS:HUDI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

No.1688 Tianzhong Street, Longwan District, Zhejiang Province, Wenzhou, CHN, 325025

Website

http://www.huadigroup.com

Huadi International Group Co Ltd is a manufacturer of industrial stainless steel seamless pipes and tubes products. Its products are used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, automobile and naval architecture, paper mill and mechanical industries. Products are exported to the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Geographically, majority revenue is generated from China.