Anhui Conch Cement Co (SHSE:600585) Total Assets : ¥252,091 Mil (As of Sep. 2024)

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What is Anhui Conch Cement Co Total Assets?

Anhui Conch Cement Co's Total Assets for the quarter that ended in Sep. 2024 was ¥252,091 Mil.

During the past 12 months, Anhui Conch Cement Co's average Total Assets Growth Rate was -1.40% per year. During the past 3 years, the average Total Assets Growth Rate was 15.90% per year. During the past 5 years, the average Total Assets Growth Rate was 11.90% per year. During the past 10 years, the average Total Assets Growth Rate was 7.80% per year.

During the past 13 years, Anhui Conch Cement Co's highest 3-Year average Total Assets Growth Rate was 39.40%. The lowest was 3.40%. And the median was 20.00%.

Total Assets is connected with ROA %. Anhui Conch Cement Co's annualized ROA % for the quarter that ended in Sep. 2024 was 3.02%. Total Assets is also linked to Revenue through Asset Turnover. Anhui Conch Cement Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.09.

Anhui Conch Cement Co Total Assets Historical Data

The historical data trend for Anhui Conch Cement 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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Anhui Conch Cement Co Total Assets Chart

Anhui Conch Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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178,777.18

201,852.92

230,555.68

243,976.42

246,189.20

Anhui Conch Cement Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															247,072.44	246,189.20	245,174.91	243,734.51	252,090.92

Anhui Conch Cement 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.

Anhui Conch Cement 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 )
	=	197968.728	+	48220.472
	=	246,189

Anhui Conch Cement Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	197986.955	+	54103.961
	=	252,091

Anhui Conch Cement Co (SHSE:600585) Total Assets Explanation

Total Assets is connected with ROA %.

Anhui Conch Cement Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	7491.272	/	( (243734.511	+	252090.916)	/ 2 )
	=	7491.272	/	247912.7135
	=	3.02 %

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

Anhui Conch Cement Co's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	22584.739	/	( (243734.511	+	252090.916)	/ 2 )
=	22584.739	/	247912.7135
=	0.09

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.

Anhui Conch Cement Co Total Assets Related Terms

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Anhui Conch Cement Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Anhui Conch Cement Co Ltd (SHSE:600585) » Definitions » Total Assets

Traded in Other Exchanges

AHCHY:USA AHCHF:USA 00914:Hong Kong AQE:Germany

Address

No. 39 Wenhua Road, Anhui Province, Wuhu, CHN, 241000

Website

http://www.conch.cn

Anhui Conch Cement mainly engages in the production and sale of cement, clinker, and concrete in China. The company was established in 1997 and headquartered in Anhui province. With annual cement production capacity of 395 million metric tons in 2023, the firm is the second-largest cement manufacturer in China. Sales of self-produced products contribute to about 80% of its revenue, with the remainder mainly from the trading business and service income.

Executives

Liu Tian Tian	Supervisors
Ke Qiu Bi	senior management
Chen Yong Bo	senior management
Xia Xiao Ping	senior management
Wang Jian Chao	senior management

Anhui Conch Cement Co Headlines

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