Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501) Total Assets : ¥2,739 Mil (As of Mar. 2025)

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What is Qingdao Daneng Environmental Protection Equipment Co Total Assets?

Qingdao Daneng Environmental Protection Equipment Co's Total Assets for the quarter that ended in Mar. 2025 was ¥2,739 Mil.

Warning Sign:

If a company builds assets at 22.9% a year, faster than its revenue growth rate of 12.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Qingdao Daneng Environmental Protection Equipment Co's average Total Assets Growth Rate was 22.90% per year. During the past 3 years, the average Total Assets Growth Rate was 34.90% per year. During the past 5 years, the average Total Assets Growth Rate was 22.90% per year.

During the past 8 years, Qingdao Daneng Environmental Protection Equipment Co's highest 3-Year average Total Assets Growth Rate was 34.90%. The lowest was 9.10%. And the median was 14.50%.

Total Assets is connected with ROA %. Qingdao Daneng Environmental Protection Equipment Co's annualized ROA % for the quarter that ended in Mar. 2025 was 9.45%. Total Assets is also linked to Revenue through Asset Turnover. Qingdao Daneng Environmental Protection Equipment Co's Asset Turnover for the quarter that ended in Mar. 2025 was 0.21.

Qingdao Daneng Environmental Protection Equipment Co Total Assets Historical Data

The historical data trend for Qingdao Daneng Environmental Protection Equipment 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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Qingdao Daneng Environmental Protection Equipment Co Total Assets Chart

Qingdao Daneng Environmental Protection Equipment Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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1,113.03

1,413.68

1,687.39

1,926.49

3,075.85

Qingdao Daneng Environmental Protection Equipment Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Total Assets	Get a 7-Day Free Trial															2,217.70	2,458.90	2,686.44	3,075.85	2,739.19

Qingdao Daneng Environmental Protection Equipment 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.

Qingdao Daneng Environmental Protection Equipment Co's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	995.181	+	2080.671
	=	3,076

Qingdao Daneng Environmental Protection Equipment Co's Total Assets for the quarter that ended in Mar. 2025 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2025 )	+	Total Liabilities (Q: Mar. 2025 )
	=	1064.006	+	1675.183
	=	2,739

Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501) Total Assets Explanation

Total Assets is connected with ROA %.

Qingdao Daneng Environmental Protection Equipment Co's annualized ROA % for the quarter that ended in Mar. 2025 is

ROA %	=	Net Income (Q: Mar. 2025 )	/	( (Total Assets (Q: Dec. 2024 )	+	Total Assets (Q: Mar. 2025 ))	/ count )
	=	274.852	/	( (3075.853	+	2739.188)	/ 2 )
	=	274.852	/	2907.5205
	=	9.45 %

Note: The Net Income data used here is four times the quarterly (Mar. 2025) 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.

Qingdao Daneng Environmental Protection Equipment Co's Asset Turnover for the quarter that ended in Mar. 2025 is

	Asset Turnover
=	Revenue (Q: Mar. 2025 )	/	( (Total Assets (Q: Dec. 2024 )	+	Total Assets (Q: Mar. 2025 ))	/ count )
=	618.542	/	( (3075.853	+	2739.188)	/ 2 )
=	618.542	/	2907.5205
=	0.21

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.

Qingdao Daneng Environmental Protection Equipment Co Total Assets Related Terms

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Qingdao Daneng Environmental Protection Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Daneng Environmental Protection Equipment Co Ltd (SHSE:688501) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Daneng Road, Industrial Park, Jiaobei Office, Jiaozhou City, Shandong Province, Qingdao, CHN, 266313

Website

http://www.daneng.cc

Qingdao Daneng Environmental Protection Equipment Co Ltd is involved in the energy-saving and environmental protection industry. It provides customers with a full range of energy-saving and environmentally-friendly products. The company's technology and products have covered the prevention and control of pollutants such as slag, dust, flue gas, fine particulate matter, NOX, SOX, desulfurization wastewater, and boiler slag and flue gas waste heat recover.

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