Changzhou Aohong Electronics Co (SHSE:605058) Total Assets : ¥2,354 Mil (As of Mar. 2024)

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What is Changzhou Aohong Electronics Co Total Assets?

Changzhou Aohong Electronics Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,354 Mil.

During the past 12 months, Changzhou Aohong Electronics Co's average Total Assets Growth Rate was -3.60% per year. During the past 3 years, the average Total Assets Growth Rate was 17.90% per year. During the past 5 years, the average Total Assets Growth Rate was 18.70% per year.

During the past 8 years, Changzhou Aohong Electronics Co's highest 3-Year average Total Assets Growth Rate was 29.00%. The lowest was 1.00%. And the median was 17.90%.

Total Assets is connected with ROA %. Changzhou Aohong Electronics Co's annualized ROA % for the quarter that ended in Mar. 2024 was 5.39%. Total Assets is also linked to Revenue through Asset Turnover. Changzhou Aohong Electronics Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Changzhou Aohong Electronics Co Total Assets Historical Data

The historical data trend for Changzhou Aohong Electronics 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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Changzhou Aohong Electronics Co Total Assets Chart

Changzhou Aohong Electronics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,127.56

1,865.08

2,504.08

2,421.64

2,282.68

Changzhou Aohong Electronics Co 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															2,320.00	2,231.36	2,325.17	2,282.68	2,354.25

Changzhou Aohong Electronics 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.

Changzhou Aohong Electronics 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 )
	=	1619.301	+	663.375
	=	2,283

Changzhou Aohong Electronics Co'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 )
	=	1650.699	+	703.553
	=	2,354

Changzhou Aohong Electronics Co (SHSE:605058) Total Assets Explanation

Total Assets is connected with ROA %.

Changzhou Aohong Electronics Co'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 )
	=	124.924	/	( (2282.676	+	2354.252)	/ 2 )
	=	124.924	/	2318.464
	=	5.39 %

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.

Changzhou Aohong Electronics Co'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 )
=	274.465	/	( (2282.676	+	2354.252)	/ 2 )
=	274.465	/	2318.464
=	0.12

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.

Changzhou Aohong Electronics Co Total Assets Related Terms

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Changzhou Aohong Electronics Co (SHSE:605058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Changzhou Aohong Electronics Co Ltd (SHSE:605058) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15, Xinke Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.czaohong.com

Changzhou Aohong Electronics Co Ltd is engaged in the production and sales of printed circuit boards (PCB). Its main products are single-sided PCB, double-sided PCB, multi-layer PCB and metal base, printed boards, tin-jet printed boards, carbon film boards and others. The products cover many fields such as household appliances, consumer electronics, power sources, network communications and automotive electronics.

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