Lizhan Environmental (Lizhan Environmental) Total Assets : $67.36 Mil (As of Mar. 2012)

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What is Lizhan Environmental Total Assets?

Lizhan Environmental's Total Assets for the quarter that ended in Mar. 2012 was $67.36 Mil.

Total Assets is connected with ROA %. Lizhan Environmental's annualized ROA % for the quarter that ended in Mar. 2012 was -6.65%. Total Assets is also linked to Revenue through Asset Turnover. Lizhan Environmental's Asset Turnover for the quarter that ended in Mar. 2012 was 0.08.

Lizhan Environmental Total Assets Historical Data

The historical data trend for Lizhan Environmental'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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Lizhan Environmental Total Assets Chart

Lizhan Environmental Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Total Assets

14.09

20.93

44.69

64.55

Lizhan Environmental Quarterly Data
	Sep08	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Mar12
Total Assets	Get a 7-Day Free Trial							59.27	59.75	66.39	64.55	67.36

Lizhan Environmental 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.

Lizhan Environmental's Total Assets for the fiscal year that ended in Sep. 2011 is calculated as

Total Assets	=	Total Equity (A: Sep. 2011 )	+	Total Liabilities (A: Sep. 2011 )
	=	28.508	+	36.046
	=	64.55

Lizhan Environmental's Total Assets for the quarter that ended in Mar. 2012 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2012 )	+	Total Liabilities (Q: Mar. 2012 )
	=	26.189	+	41.172
	=	67.36

Lizhan Environmental (OTCPK:LZENF) Total Assets Explanation

Total Assets is connected with ROA %.

Lizhan Environmental's annualized ROA % for the quarter that ended in Mar. 2012 is

ROA %	=	Net Income (Q: Mar. 2012 )	/	( (Total Assets (Q: Sep. 2011 )	+	Total Assets (Q: Mar. 2012 ))	/ count )
	=	-4.388	/	( (64.554	+	67.361)	/ 2 )
	=	-4.388	/	65.9575
	=	-6.65 %

Note: The Net Income data used here is four times the quarterly (Mar. 2012) 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.

Lizhan Environmental's Asset Turnover for the quarter that ended in Mar. 2012 is

	Asset Turnover
=	Revenue (Q: Mar. 2012 )	/	( (Total Assets (Q: Sep. 2011 )	+	Total Assets (Q: Mar. 2012 ))	/ count )
=	5.272	/	( (64.554	+	67.361)	/ 2 )
=	5.272	/	65.9575
=	0.08

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.

Lizhan Environmental Total Assets Related Terms

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Lizhan Environmental (Lizhan Environmental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lizhan Environmental Corp (OTCPK:LZENF) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 716, Qifu Road, Wutong Street, Tongxiang, Zhejiang Province, CHN, 314500

Website

http://gb.lzencorp.com/

Lizhan Environmental Corp manufactures, distributes and markets synthetic leather and other fabrics from recycled leather waste, among other materials. It's products used in the production of residential and office furniture, garments, automotive upholstery products, and various consumer applications. It sells domestically in China and export to distributors and manufacturers in the United States and other foreign countries.

Lizhan Environmental (Lizhan Environmental) Headlines

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