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Zhiyang Innovation Technology Co (SHSE:688191) Total Assets : ¥1,504.4 Mil (As of Sep. 2024)


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What is Zhiyang Innovation Technology Co Total Assets?

Zhiyang Innovation Technology Co's Total Assets for the quarter that ended in Sep. 2024 was ¥1,504.4 Mil.

Warning Sign:

If a company builds assets at 34.2% a year, faster than its revenue growth rate of 10.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Zhiyang Innovation Technology Co's average Total Assets Growth Rate was 22.80% per year. During the past 3 years, the average Total Assets Growth Rate was 26.00% per year. During the past 5 years, the average Total Assets Growth Rate was 34.20% per year.

During the past 10 years, Zhiyang Innovation Technology Co's highest 3-Year average Total Assets Growth Rate was 103.10%. The lowest was 26.00%. And the median was 54.20%.

Total Assets is connected with ROA %. Zhiyang Innovation Technology Co's annualized ROA % for the quarter that ended in Sep. 2024 was 3.08%. Total Assets is also linked to Revenue through Asset Turnover. Zhiyang Innovation Technology Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.16.


Zhiyang Innovation Technology Co Total Assets Historical Data

The historical data trend for Zhiyang Innovation Technology 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.

* Premium members only.

Zhiyang Innovation Technology Co Total Assets Chart

Zhiyang Innovation Technology Co Annual Data
Trend Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 514.52 717.98 1,248.84 1,217.65 1,407.97

Zhiyang Innovation Technology Co Quarterly Data
Dec19 Mar20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,292.93 1,407.97 1,334.90 1,465.21 1,504.42

Zhiyang Innovation Technology 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.

Zhiyang Innovation Technology 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 )
=870.423+537.551
=1,408.0

Zhiyang Innovation Technology 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 )
=888.348+616.072
=1,504.4

* 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.


Zhiyang Innovation Technology Co  (SHSE:688191) Total Assets Explanation

Total Assets is connected with ROA %.

Zhiyang Innovation Technology 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 )
=45.688/( (1465.214+1504.42)/ 2 )
=45.688/1484.817
=3.08 %

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.

Zhiyang Innovation Technology 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 )
=241.839/( (1465.214+1504.42)/ 2 )
=241.839/1484.817
=0.16

* 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.

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.

Zhiyang Innovation Technology Co Total Assets Related Terms

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Zhiyang Innovation Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No.135 Zhengtong Road, High-tech Zone, Room 405, Block E, Shandong Province, Zibo, CHN, 255086
Zhiyang Innovation Technology Co Ltd provides an intelligent operation and maintenance analysis and management system that integrates monitoring, management, analysis, early warning, alarm, and linkage. The company's products have covered intelligent operation and maintenance of power grid transmission, transformation, and power distribution.
Executives
Hu Zhi Kun senior management
Wang Shu Tang senior management
Bao Chun Fei senior management
Zhang Wan Zheng Directors, senior managers
Xu Chuan Lun Director
Sun Pei Xiang Director
Liu Guo Yong Director
Nie Shu Gang Director
Xu Ke Director
Chen Xiao Juan Director

Zhiyang Innovation Technology Co Headlines

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