Xiangyang Automobile Bearing Co (SZSE:000678) Total Assets : ¥2,383 Mil (As of Mar. 2024)

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What is Xiangyang Automobile Bearing Co Total Assets?

Xiangyang Automobile Bearing Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,383 Mil.

During the past 12 months, Xiangyang Automobile Bearing Co's average Total Assets Growth Rate was -1.50% per year. During the past 3 years, the average Total Assets Growth Rate was -4.10% per year. During the past 5 years, the average Total Assets Growth Rate was -3.60% per year. During the past 10 years, the average Total Assets Growth Rate was 1.10% per year.

During the past 13 years, Xiangyang Automobile Bearing Co's highest 3-Year average Total Assets Growth Rate was 30.90%. The lowest was -11.90%. And the median was 4.30%.

Total Assets is connected with ROA %. Xiangyang Automobile Bearing Co's annualized ROA % for the quarter that ended in Mar. 2024 was -2.25%. Total Assets is also linked to Revenue through Asset Turnover. Xiangyang Automobile Bearing Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.

Xiangyang Automobile Bearing Co Total Assets Historical Data

The historical data trend for Xiangyang Automobile Bearing 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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Xiangyang Automobile Bearing Co Total Assets Chart

Xiangyang Automobile Bearing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,695.18

2,597.13

2,454.08

2,401.76

2,385.72

Xiangyang Automobile Bearing 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															2,420.18	2,444.83	2,559.82	2,385.72	2,383.05

Xiangyang Automobile Bearing 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.

Xiangyang Automobile Bearing 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 )
	=	926.067	+	1459.656
	=	2,386

Xiangyang Automobile Bearing 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 )
	=	912.563	+	1470.488
	=	2,383

Xiangyang Automobile Bearing Co (SZSE:000678) Total Assets Explanation

Total Assets is connected with ROA %.

Xiangyang Automobile Bearing 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 )
	=	-53.568	/	( (2385.724	+	2383.05)	/ 2 )
	=	-53.568	/	2384.387
	=	-2.25 %

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.

Xiangyang Automobile Bearing 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 )
=	354.723	/	( (2385.724	+	2383.05)	/ 2 )
=	354.723	/	2384.387
=	0.15

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.

Xiangyang Automobile Bearing Co Total Assets Related Terms

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Xiangyang Automobile Bearing Co (SZSE:000678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xiangyang Automobile Bearing Co Ltd (SZSE:000678) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 97 Dengcheng Avenue, Hubei Province, Xiangyang, CHN, 441057

Website

http://www.zxy.com.cn

Xiangyang Automobile Bearing Co Ltd is primarily engaged in the manufacture and sales of bearings and accessories, automobile spare parts, mechanical and electronic devices, bearing equipment and related components in China. The products of the group are exported to Europe, America and Southeast Asia and other countries and regions. Further it has set up around 28 sales branches throughout the country, and hold up to 14 distribution centers. The sales and service network covers all major cities.

Executives

Tang Yong	Executives
Gao Shao Bing	Directors, executives
Wang Guan Bing	Executives
Yuan Zhan	Supervisors
Song Hui Min	Director

Xiangyang Automobile Bearing Co (SZSE:000678) Headlines

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