Guangxi Radio and Television Information Network (SHSE:600936) Total Assets : ¥7,923 Mil (As of Mar. 2024)

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What is Guangxi Radio and Television Information Network Total Assets?

Guangxi Radio and Television Information Network's Total Assets for the quarter that ended in Mar. 2024 was ¥7,923 Mil.

During the past 12 months, Guangxi Radio and Television Information Network's average Total Assets Growth Rate was -8.00% per year. During the past 3 years, the average Total Assets Growth Rate was -6.30% per year. During the past 5 years, the average Total Assets Growth Rate was 0.70% per year. During the past 10 years, the average Total Assets Growth Rate was 8.40% per year.

During the past 13 years, Guangxi Radio and Television Information Network's highest 3-Year average Total Assets Growth Rate was 15.10%. The lowest was -6.30%. And the median was 12.70%.

Total Assets is connected with ROA %. Guangxi Radio and Television Information Network's annualized ROA % for the quarter that ended in Mar. 2024 was -8.72%. Total Assets is also linked to Revenue through Asset Turnover. Guangxi Radio and Television Information Network's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Guangxi Radio and Television Information Network Total Assets Historical Data

The historical data trend for Guangxi Radio and Television Information Network'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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Guangxi Radio and Television Information Network Total Assets Chart

Guangxi Radio and Television Information Network Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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9,106.82

10,466.18

10,631.73

9,059.74

8,107.19

Guangxi Radio and Television Information Network 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															8,564.57	8,498.94	8,231.39	8,107.19	7,923.48

Guangxi Radio and Television Information Network 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.

Guangxi Radio and Television Information Network'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 )
	=	1535.729	+	6571.457
	=	8,107

Guangxi Radio and Television Information Network'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 )
	=	1361.057	+	6562.423
	=	7,923

Guangxi Radio and Television Information Network (SHSE:600936) Total Assets Explanation

Total Assets is connected with ROA %.

Guangxi Radio and Television Information Network'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 )
	=	-698.684	/	( (8107.186	+	7923.481)	/ 2 )
	=	-698.684	/	8015.3335
	=	-8.72 %

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.

Guangxi Radio and Television Information Network'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 )
=	278.347	/	( (8107.186	+	7923.481)	/ 2 )
=	278.347	/	8015.3335
=	0.03

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.

Guangxi Radio and Television Information Network Total Assets Related Terms

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Guangxi Radio and Television Information Network (SHSE:600936) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Guangxi Radio and Television Information Network Corp Ltd (SHSE:600936) » Definitions » Total Assets

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Address

No.8 Jinghui Lane, Yunjing Road, Hao Guangxi Broadcasting Network Complex, Nanning, CHN, 530007

Website

http://www.96335.com

Guangxi Radio and Television Information Network Corp Ltd is a China-based company principally engaged in the construction and operation of radio and television network, radio and television program transmission, data network business, as well as the development and operation of Digital Television (TV) value-added services. The firm's main business includes basic TV business, the installation of cable TV business, digital TV value-added services, program transmission, data network business, as well as the wholesale of broadcast television equipment.

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