Shengfeng Development (Shengfeng Development) Total Assets : $265.8 Mil (As of Dec. 2023)

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What is Shengfeng Development Total Assets?

Shengfeng Development's Total Assets for the quarter that ended in Dec. 2023 was $265.8 Mil.

During the past 12 months, Shengfeng Development's average Total Assets Growth Rate was 6.80% per year. During the past 3 years, the average Total Assets Growth Rate was 5.30% per year.

During the past 4 years, Shengfeng Development's highest 3-Year average Total Assets Growth Rate was 5.30%. The lowest was 5.30%. And the median was 5.30%.

Total Assets is connected with ROA %. Shengfeng Development's annualized ROA % for the quarter that ended in Dec. 2023 was 3.11%. Total Assets is also linked to Revenue through Asset Turnover. Shengfeng Development's Asset Turnover for the quarter that ended in Dec. 2023 was 0.88.

Shengfeng Development Total Assets Historical Data

The historical data trend for Shengfeng Development'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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Shengfeng Development Total Assets Chart

Shengfeng Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

232.18

244.21

245.26

265.84

Shengfeng Development Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			244.21	228.68	245.26	229.80	265.84

Shengfeng Development 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.

Shengfeng Development'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 )
	=	112.313	+	153.525
	=	265.8

Shengfeng Development'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 )
	=	112.313	+	153.525
	=	265.8

Shengfeng Development (NAS:SFWL) Total Assets Explanation

Total Assets is connected with ROA %.

Shengfeng Development's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	7.7	/	( (229.802	+	265.838)	/ 2 )
	=	7.7	/	247.82
	=	3.11 %

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

Shengfeng Development's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	219.15	/	( (229.802	+	265.838)	/ 2 )
=	219.15	/	247.82
=	0.88

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.

Shengfeng Development Total Assets Related Terms

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Shengfeng Development (Shengfeng Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shengfeng Development Ltd (NAS:SFWL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 478 Fuxin East Road, Shengfeng Building, Jinan District,, Fuzhou City, CHN, 350001

Website

http://www.sfwl.com.cn

Shengfeng Development Ltd is a holding company. The firm through its subsidiaries engages in cargo warehousing, road transportation, and urban distribution. It offers contract logistics services comprising planning and designing supply chains, designing facilities, processing orders, collecting payments, managing inventories, and providing client services. Its integrated logistics solution services are comprised of three segments: B2B freight transportation; cloud storage; and value-added services.

Shengfeng Development (Shengfeng Development) Headlines

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