Changshu Tongrun Auto Accessory Co (SHSE:603201) Total Assets : ¥2,887 Mil (As of Sep. 2024)

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What is Changshu Tongrun Auto Accessory Co Total Assets?

Changshu Tongrun Auto Accessory Co's Total Assets for the quarter that ended in Sep. 2024 was ¥2,887 Mil.

During the past 12 months, Changshu Tongrun Auto Accessory Co's average Total Assets Growth Rate was 20.00% per year. During the past 3 years, the average Total Assets Growth Rate was 8.00% per year. During the past 5 years, the average Total Assets Growth Rate was 5.30% per year.

During the past 6 years, Changshu Tongrun Auto Accessory Co's highest 3-Year average Total Assets Growth Rate was 8.00%. The lowest was 4.40%. And the median was 5.90%.

Total Assets is connected with ROA %. Changshu Tongrun Auto Accessory Co's annualized ROA % for the quarter that ended in Sep. 2024 was 9.11%. Total Assets is also linked to Revenue through Asset Turnover. Changshu Tongrun Auto Accessory Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.27.

Changshu Tongrun Auto Accessory Co Total Assets Historical Data

The historical data trend for Changshu Tongrun Auto Accessory 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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Changshu Tongrun Auto Accessory Co Total Assets Chart

Changshu Tongrun Auto Accessory Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,484.69

1,758.94

1,912.88

2,284.32

2,718.15

Changshu Tongrun Auto Accessory Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial													2,625.60	2,718.15	2,816.82	2,932.86	2,886.85

Changshu Tongrun Auto Accessory 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.

Changshu Tongrun Auto Accessory 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 )
	=	1527.772	+	1190.379
	=	2,718

Changshu Tongrun Auto Accessory 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 )
	=	1600.65	+	1286.196
	=	2,887

Changshu Tongrun Auto Accessory Co (SHSE:603201) Total Assets Explanation

Total Assets is connected with ROA %.

Changshu Tongrun Auto Accessory 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 )
	=	265.048	/	( (2932.863	+	2886.846)	/ 2 )
	=	265.048	/	2909.8545
	=	9.11 %

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.

Changshu Tongrun Auto Accessory 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 )
=	786.478	/	( (2932.863	+	2886.846)	/ 2 )
=	786.478	/	2909.8545
=	0.27

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.

Changshu Tongrun Auto Accessory Co Total Assets Related Terms

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Changshu Tongrun Auto Accessory Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changshu Tongrun Auto Accessory Co Ltd (SHSE:603201) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Xinlongteng Industrial Park, Economic Development Zone, Jiangsu Province, Changshu, CHN

Website

http://www.tongrunjacks.com

Changshu Tongrun Auto Accessory Co Ltd is engaged in the research and development, manufacturing and sales of various jacks and their extended products. The company's main products include commercial jacks, vehicle-mounted jacks, professional jacks, lifts and other automotive maintenance equipment and tools.

Executives

Shi Xiao Ming	Director
Li Xue Jun	senior management
Zhou Ke Shu	senior management
Shen Min	senior management
Lu Li Hua	Director
Yao Sheng	Director
	Directors, senior managers
Zhu Wei	Directors, senior managers
Wang Xiong Ping	Directors, senior managers
Chen Jiang	Directors, senior managers
Lu Xin Jun	Director

Changshu Tongrun Auto Accessory Co Headlines

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