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Joincare Pharmaceutical Group Industry Co (SHSE:600380) Total Assets : ¥36,462 Mil (As of Mar. 2024)


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What is Joincare Pharmaceutical Group Industry Co Total Assets?

Joincare Pharmaceutical Group Industry Co's Total Assets for the quarter that ended in Mar. 2024 was ¥36,462 Mil.

Warning Sign:

If a company builds assets at 10.3% a year, faster than its revenue growth rate of 7.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Joincare Pharmaceutical Group Industry Co's average Total Assets Growth Rate was -1.80% per year. During the past 3 years, the average Total Assets Growth Rate was 9.10% per year. During the past 5 years, the average Total Assets Growth Rate was 10.30% per year. During the past 10 years, the average Total Assets Growth Rate was 8.10% per year.

During the past 13 years, Joincare Pharmaceutical Group Industry Co's highest 3-Year average Total Assets Growth Rate was 67.70%. The lowest was 2.80%. And the median was 12.40%.

Total Assets is connected with ROA %. Joincare Pharmaceutical Group Industry Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.83%. Total Assets is also linked to Revenue through Asset Turnover. Joincare Pharmaceutical Group Industry Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Joincare Pharmaceutical Group Industry Co Total Assets Historical Data

The historical data trend for Joincare Pharmaceutical Group Industry 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.

* Premium members only.

Joincare Pharmaceutical Group Industry Co Total Assets Chart

Joincare Pharmaceutical Group Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25,437.61 28,156.98 31,103.90 35,735.43 36,358.13

Joincare Pharmaceutical Group Industry 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36,193.05 36,241.44 35,769.67 36,358.13 36,462.15

Joincare Pharmaceutical Group Industry 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.

Joincare Pharmaceutical Group Industry 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 )
=22639.53+13718.596
=36,358

Joincare Pharmaceutical Group Industry Co's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=23536.658+12925.489
=36,462

* 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.

Joincare Pharmaceutical Group Industry Co  (SHSE:600380) Total Assets Explanation

Total Assets is connected with ROA %.

Joincare Pharmaceutical Group Industry Co's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=1759.192/( (36358.126+36462.147)/ 2 )
=1759.192/36410.1365
=4.83 %

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

Joincare Pharmaceutical Group Industry Co's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=4339.814/( (36358.126+36462.147)/ 2 )
=4339.814/36410.1365
=0.12

* 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.

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.

Joincare Pharmaceutical Group Industry Co Total Assets Related Terms

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Joincare Pharmaceutical Group Industry Co (SHSE:600380) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Joincare Pharmaceutical Group Industry Co Ltd (SHSE:600380) » Definitions » Total Assets
Comparable Companies
SZSE:002262 SHSE:600329 SHSE:600062 SHSE:603707 SZSE:300142 SHSE:600535 SHSE:600521 SHSE:600129 SZSE:002773 SHSE:600518 XTER:MRK ZTS NSE:SUNPHARMA TSE:4502 LSE:HLN XTAE:TEVA XSWX:SDZ NBIX SZSE:000538 NSE:DIVISLAB
Traded in Other Exchanges
N/A
Address
No. 17 Langshan Road, Joincare Pharmaceutical Group Building, Nanshan New and High-Tech Industrial Development (, Shenzhen, Guangdong, CHN, 518057
Website
http://www.joincare.com
Joincare Pharmaceutical Group Industry Co Ltd is an integrated pharmaceutical company, the business scope covers healthcare products, APIs, final dosage forms, prescription drugs, OTCs, Chinese traditional medicine, chemical drugs, and testing agents. APIs are antibiotic series and their intermediates 7ACA, 4AA and F9. Prescription drugs focus on the realms of the digestive tract, a blood vessel of heart and brain, infection, tumor, nervous cerebrovascular section, urinary system etc. OTCs include gastrointestinal drug Dele-Livzon, Live Bifidobacterium Preparation, oral ulcer drugs Yiketie, cold medicine Antiviral Oral Granule, External use skin medicine.
Executives
Yu Xiong Directors, senior managers
Zhao Feng Guang senior management
Qiu Qing Feng Directors, senior managers
Tang Ling Zhi senior management
Lin Nan Qi Directors, senior managers
Cao Ping Wei Director
Feng Yan Fang Director
Zhong Shan senior management
Yang Dong Yun senior management
Peng Jin Hua Supervisors
Xie You Guo Supervisors
Guo Xiao Yun Supervisors
Su Qing Wen senior management

Joincare Pharmaceutical Group Industry Co (SHSE:600380) Headlines

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