Changzhou Evergreen Technology Co (SZSE:001324) Total Assets : ¥1,295.3 Mil (As of Mar. 2024)

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What is Changzhou Evergreen Technology Co Total Assets?

Changzhou Evergreen Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,295.3 Mil.

Warning Sign:

If a company builds assets at 9.1% a year, faster than its revenue growth rate of 5.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Changzhou Evergreen Technology Co's average Total Assets Growth Rate was 22.30% per year. During the past 3 years, the average Total Assets Growth Rate was 12.90% per year. During the past 5 years, the average Total Assets Growth Rate was 9.10% per year.

During the past 6 years, Changzhou Evergreen Technology Co's highest 3-Year average Total Assets Growth Rate was 12.90%. The lowest was 7.30%. And the median was 9.00%.

Total Assets is connected with ROA %. Changzhou Evergreen Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.20%. Total Assets is also linked to Revenue through Asset Turnover. Changzhou Evergreen Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Changzhou Evergreen Technology Co Total Assets Historical Data

The historical data trend for Changzhou Evergreen 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.

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Changzhou Evergreen Technology Co Total Assets Chart

Changzhou Evergreen Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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600.28

627.98

630.99

737.86

1,354.73

Changzhou Evergreen Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial									722.31	1,342.74	1,364.24	1,354.73	1,295.26

Changzhou Evergreen 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.

Changzhou Evergreen 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 )
	=	1092.795	+	261.936
	=	1,354.7

Changzhou Evergreen Technology 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 )
	=	1082.589	+	212.668
	=	1,295.3

Changzhou Evergreen Technology Co (SZSE:001324) Total Assets Explanation

Total Assets is connected with ROA %.

Changzhou Evergreen Technology 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 )
	=	55.68	/	( (1354.732	+	1295.257)	/ 2 )
	=	55.68	/	1324.9945
	=	4.20 %

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.

Changzhou Evergreen Technology 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 )
=	81.591	/	( (1354.732	+	1295.257)	/ 2 )
=	81.591	/	1324.9945
=	0.06

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.

Changzhou Evergreen Technology Co Total Assets Related Terms

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Changzhou Evergreen Technology Co (SZSE:001324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Changzhou Evergreen Technology Co Ltd (SZSE:001324) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 300, Hehai West Road, Xinbei District, Jiangsu, Changzhou, CHN, 213125

Website

https://www.cetrail.com

Changzhou Evergreen Technology Co Ltd is a high-tech enterprise based on the development and application of sandwich composite materials, mainly providing supporting products and integrated solutions for the interior decoration of rail transit vehicles and building interior and exterior decoration. The company has participated in the formulation of many national and industry standards such as aluminum honeycomb panels and stone honeycomb panels, creating Many industry-leading application cases are the leading enterprises in the development and industrial application of sandwich composite materials in China.

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