Mengtian Home Group (SHSE:603216) Total Assets : ¥2,264 Mil (As of Sep. 2024)

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What is Mengtian Home Group Total Assets?

Mengtian Home Group's Total Assets for the quarter that ended in Sep. 2024 was ¥2,264 Mil.

During the past 12 months, Mengtian Home Group's average Total Assets Growth Rate was -11.00% per year. During the past 3 years, the average Total Assets Growth Rate was -0.30% per year. During the past 5 years, the average Total Assets Growth Rate was 2.20% per year.

During the past 7 years, Mengtian Home Group's highest 3-Year average Total Assets Growth Rate was 5.80%. The lowest was -0.30%. And the median was 1.55%.

Total Assets is connected with ROA %. Mengtian Home Group's annualized ROA % for the quarter that ended in Sep. 2024 was 2.82%. Total Assets is also linked to Revenue through Asset Turnover. Mengtian Home Group's Asset Turnover for the quarter that ended in Sep. 2024 was 0.13.

Mengtian Home Group Total Assets Historical Data

The historical data trend for Mengtian Home Group'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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Mengtian Home Group Total Assets Chart

Mengtian Home Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,117.78

1,324.69

2,264.75

2,300.28

2,432.92

Mengtian Home Group Quarterly Data
	Dec18	Dec19	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															2,330.02	2,432.92	2,247.26	2,290.25	2,264.50

Mengtian Home Group 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.

Mengtian Home Group'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 )
	=	1785.312	+	647.612
	=	2,433

Mengtian Home Group'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 )
	=	1759.424	+	505.075
	=	2,264

Mengtian Home Group (SHSE:603216) Total Assets Explanation

Total Assets is connected with ROA %.

Mengtian Home Group'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 )
	=	64.224	/	( (2290.25	+	2264.498)	/ 2 )
	=	64.224	/	2277.374
	=	2.82 %

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.

Mengtian Home Group'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 )
=	301.171	/	( (2290.25	+	2264.498)	/ 2 )
=	301.171	/	2277.374
=	0.13

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.

Mengtian Home Group Total Assets Related Terms

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Mengtian Home Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mengtian Home Group Inc (SHSE:603216) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 88 Changjiang Road, Huimin Street, Jiashan County, Zhejiang Province, Jiaxing, CHN, 314100

Website

https://www.mengtian.com

Mengtian Home Group Inc is engaged in the design, development, production and sales of customized wooden furniture such as wooden doors, wall panels and cabinets.

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