Yangtze Optical Fibre and Cable Joint Stock Co (SHSE:601869) Total Assets : ¥29,880 Mil (As of Jun. 2024)

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What is Yangtze Optical Fibre and Cable Joint Stock Co Total Assets?

Yangtze Optical Fibre and Cable Joint Stock Co's Total Assets for the quarter that ended in Jun. 2024 was ¥29,880 Mil.

Warning Sign:

If a company builds assets at 19.7% a year, faster than its revenue growth rate of 6.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Yangtze Optical Fibre and Cable Joint Stock Co's average Total Assets Growth Rate was -1.90% per year. During the past 3 years, the average Total Assets Growth Rate was 18.20% per year. During the past 5 years, the average Total Assets Growth Rate was 19.70% per year. During the past 10 years, the average Total Assets Growth Rate was 19.00% per year.

During the past 11 years, Yangtze Optical Fibre and Cable Joint Stock Co's highest 3-Year average Total Assets Growth Rate was 24.80%. The lowest was 11.60%. And the median was 19.20%.

Total Assets is connected with ROA %. Yangtze Optical Fibre and Cable Joint Stock Co's annualized ROA % for the quarter that ended in Jun. 2024 was 4.33%. Total Assets is also linked to Revenue through Asset Turnover. Yangtze Optical Fibre and Cable Joint Stock Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.10.

Yangtze Optical Fibre and Cable Joint Stock Co Total Assets Historical Data

The historical data trend for Yangtze Optical Fibre and Cable Joint Stock 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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Yangtze Optical Fibre and Cable Joint Stock Co Total Assets Chart

Yangtze Optical Fibre and Cable Joint Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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13,775.90

15,855.60

19,478.65

28,203.31

29,142.34

Yangtze Optical Fibre and Cable Joint Stock Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															-	29,142.34	29,267.80	29,879.91	-

Yangtze Optical Fibre and Cable Joint Stock 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.

Yangtze Optical Fibre and Cable Joint Stock 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 )
	=	14397.497	+	14744.846
	=	29,142

Yangtze Optical Fibre and Cable Joint Stock Co's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	14548.364	+	15331.544
	=	29,880

Yangtze Optical Fibre and Cable Joint Stock Co (SHSE:601869) Total Assets Explanation

Total Assets is connected with ROA %.

Yangtze Optical Fibre and Cable Joint Stock Co's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	1279.316	/	( (29267.804	+	29879.908)	/ 2 )
	=	1279.316	/	29573.856
	=	4.33 %

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

Yangtze Optical Fibre and Cable Joint Stock Co's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	2961.148	/	( (29267.804	+	29879.908)	/ 2 )
=	2961.148	/	29573.856
=	0.10

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.

Yangtze Optical Fibre and Cable Joint Stock Co Total Assets Related Terms

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Yangtze Optical Fibre and Cable Joint Stock Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yangtze Optical Fibre and Cable Joint Stock Ltd Co (SHSE:601869) » Definitions » Total Assets

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Traded in Other Exchanges

06869:Hong Kong 1YO:Germany

Address

No. 9 Guanggu Avenue, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430073

Website

https://www.yofc.com

Yangtze Optical Fibre and Cable Joint Stock Ltd Co is engaged in the Chinese communication equipment industry. It manufactures and sells optical fiber preforms, optical fibers with various standard specifications that are widely used in the telecommunications industry. It operates its business through three operating segments, optical fibers and optical fiber preforms; and Optical components and modules, optical fiber cables. The manufacture and sale of optical fiber cables provide the company with majority of its revenue. Its other products comprise of trunk cables, patch cords, plug-and-play modules, optical distribution frames, pigtails, adapter panels, splitters, and connecting cabinets.

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