Earth-Panda Advanced Magnetic Material Co (SHSE:688077) Total Assets : ¥2,443 Mil (As of Mar. 2024)

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What is Earth-Panda Advanced Magnetic Material Co Total Assets?

Earth-Panda Advanced Magnetic Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,443 Mil.

Warning Sign:

If a company builds assets at 35.6% a year, faster than its revenue growth rate of 19.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Earth-Panda Advanced Magnetic Material Co's average Total Assets Growth Rate was -1.90% per year. During the past 3 years, the average Total Assets Growth Rate was 27.40% per year. During the past 5 years, the average Total Assets Growth Rate was 35.60% per year.

During the past 10 years, Earth-Panda Advanced Magnetic Material Co's highest 3-Year average Total Assets Growth Rate was 48.70%. The lowest was 5.70%. And the median was 24.30%.

Total Assets is connected with ROA %. Earth-Panda Advanced Magnetic Material Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.38%. Total Assets is also linked to Revenue through Asset Turnover. Earth-Panda Advanced Magnetic Material Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Earth-Panda Advanced Magnetic Material Co Total Assets Historical Data

The historical data trend for Earth-Panda Advanced Magnetic Material 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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Earth-Panda Advanced Magnetic Material Co Total Assets Chart

Earth-Panda Advanced Magnetic Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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783.88

1,458.82

2,218.44

2,817.02

2,306.68

Earth-Panda Advanced Magnetic Material 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															2,624.47	2,265.44	2,348.94	2,306.68	2,443.48

Earth-Panda Advanced Magnetic Material 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.

Earth-Panda Advanced Magnetic Material 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 )
	=	1123.907	+	1182.768
	=	2,307

Earth-Panda Advanced Magnetic Material 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 )
	=	1121.676	+	1321.808
	=	2,443

Earth-Panda Advanced Magnetic Material Co (SHSE:688077) Total Assets Explanation

Total Assets is connected with ROA %.

Earth-Panda Advanced Magnetic Material 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 )
	=	32.712	/	( (2306.675	+	2443.484)	/ 2 )
	=	32.712	/	2375.0795
	=	1.38 %

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.

Earth-Panda Advanced Magnetic Material 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 )
=	297.726	/	( (2306.675	+	2443.484)	/ 2 )
=	297.726	/	2375.0795
=	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.

Earth-Panda Advanced Magnetic Material Co Total Assets Related Terms

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Earth-Panda Advanced Magnetic Material Co (SHSE:688077) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Earth-Panda Advanced Magnetic Material Co Ltd (SHSE:688077) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Lujiang High-tech Industrial Development Zone, Anhui, Hefei, CHN, 231500

Website

http://www.earth-panda.com

Earth-Panda Advanced Magnetic Material Co Ltd is engaged in production and sales of sintered NdFeB permanent magnet materials. Its products are sintered NdFeb magnet, bonded NdFeb magnet, rubber magnet, samarium cobalt magnet. Its products are used in various applications such as information, national defense, automobiles, wind power, various types of motors, instruments, medical equipments, magnetic machinery and various other fields.

Executives

Wang Zi Yi	senior management
Liu Ming Hui	senior management
Dong Xue Chun	Directors, senior managers
Tan Xin Bo	Directors, senior managers
Zhou Zhi Guo	Core technical personnel
Wang Yong Dong	Supervisors
Mo Kun Peng	Supervisors
Chen Jing Wu	Senior management, core technical personnel
Yi Xiao Fei	Directors, senior managers, core technical personn
Liu You Hao	Supervisors, core technical personnel
Cao Qing Xiang	Director
Xiong Yong Fei	Directors, senior managers

Earth-Panda Advanced Magnetic Material Co (SHSE:688077) Headlines

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