Xiamen Xinde Co (SZSE:000701) Total Assets : ¥23,107 Mil (As of Mar. 2024)

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What is Xiamen Xinde Co Total Assets?

Xiamen Xinde Co's Total Assets for the quarter that ended in Mar. 2024 was ¥23,107 Mil.

During the past 12 months, Xiamen Xinde Co's average Total Assets Growth Rate was 2.80% per year. During the past 3 years, the average Total Assets Growth Rate was -5.20% per year. During the past 5 years, the average Total Assets Growth Rate was -2.40% per year. During the past 10 years, the average Total Assets Growth Rate was 5.90% per year.

During the past 13 years, Xiamen Xinde Co's highest 3-Year average Total Assets Growth Rate was 31.80%. The lowest was -8.40%. And the median was 14.30%.

Total Assets is connected with ROA %. Xiamen Xinde Co's annualized ROA % for the quarter that ended in Mar. 2024 was 0.17%. Total Assets is also linked to Revenue through Asset Turnover. Xiamen Xinde Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.66.

Xiamen Xinde Co Total Assets Historical Data

The historical data trend for Xiamen Xinde 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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Xiamen Xinde Co Total Assets Chart

Xiamen Xinde Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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19,742.74

18,227.45

15,713.32

16,062.02

16,042.19

Xiamen Xinde 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															20,348.05	21,011.30	20,448.66	16,042.19	23,106.98

Xiamen Xinde 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.

Xiamen Xinde 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 )
	=	3613.833	+	12428.361
	=	16,042

Xiamen Xinde 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 )
	=	4109.943	+	18997.036
	=	23,107

Xiamen Xinde Co (SZSE:000701) Total Assets Explanation

Total Assets is connected with ROA %.

Xiamen Xinde 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 )
	=	32.524	/	( (16042.194	+	23106.98)	/ 2 )
	=	32.524	/	19574.587
	=	0.17 %

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.

Xiamen Xinde 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 )
=	12881.464	/	( (16042.194	+	23106.98)	/ 2 )
=	12881.464	/	19574.587
=	0.66

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.

Xiamen Xinde Co Total Assets Related Terms

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Xiamen Xinde Co (SZSE:000701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Xinde Co Ltd (SZSE:000701) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Xinhong Building, 2F, Huli District, Xiamen, Fujian, CHN, 361006

Website

http://www.xindeco.com

Xiamen Xinde Co Ltd focuses on the Electronic Information industry and has built the industry framework with several pillar businesses covering Ultra-high Brightness LED Packaging, application development, and production, electronic labels, as well as development and production of security products.

Executives

Huang Jun Feng	Executives
Fu Ben Sheng	Directors, executives
Wang Ming Cheng	Directors, executives
Chen Ge	Executives
Ceng Ting Yi	Director
Jiang Feng	Executives
Chen Hong	Secretary, Director
Wang Xiao Shun	Supervisors
Hong Shuang Hua	Supervisors
Du Shao Hua	Directors, executives
Fan Dan	Executives
Zhou Kun Shan	Director
Tong Jin Zhi	Director
Wang Mei Ling	Supervisors, within half a year of separation
Huang Li Hong	Directors, executives

Xiamen Xinde Co (SZSE:000701) Headlines

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