Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Total Assets : ¥300.4 Mil (As of Jun. 2024)

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What is Xinjiang Zhundong Petroleum Technology Co Total Assets?

Xinjiang Zhundong Petroleum Technology Co's Total Assets for the quarter that ended in Jun. 2024 was ¥300.4 Mil.

During the past 12 months, Xinjiang Zhundong Petroleum Technology Co's average Total Assets Growth Rate was 11.00% per year. During the past 3 years, the average Total Assets Growth Rate was -8.80% per year. During the past 5 years, the average Total Assets Growth Rate was -6.20% per year. During the past 10 years, the average Total Assets Growth Rate was -9.00% per year.

During the past 13 years, Xinjiang Zhundong Petroleum Technology Co's highest 3-Year average Total Assets Growth Rate was 29.80%. The lowest was -24.10%. And the median was 2.90%.

Total Assets is connected with ROA %. Xinjiang Zhundong Petroleum Technology Co's annualized ROA % for the quarter that ended in Jun. 2024 was -4.28%. Total Assets is also linked to Revenue through Asset Turnover. Xinjiang Zhundong Petroleum Technology Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.25.

Xinjiang Zhundong Petroleum Technology Co Total Assets Historical Data

The historical data trend for Xinjiang Zhundong Petroleum 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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Xinjiang Zhundong Petroleum Technology Co Total Assets Chart

Xinjiang Zhundong Petroleum Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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472.71

412.96

343.49

307.00

337.18

Xinjiang Zhundong Petroleum Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															272.44	308.11	337.18	274.60	300.39

Xinjiang Zhundong Petroleum 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.

Xinjiang Zhundong Petroleum 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 )
	=	84.48	+	252.695
	=	337.2

Xinjiang Zhundong Petroleum Technology Co's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	70.484	+	229.909
	=	300.4

Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Total Assets Explanation

Total Assets is connected with ROA %.

Xinjiang Zhundong Petroleum Technology Co's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-12.308	/	( (274.596	+	300.393)	/ 2 )
	=	-12.308	/	287.4945
	=	-4.28 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Xinjiang Zhundong Petroleum Technology Co's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	71.548	/	( (274.596	+	300.393)	/ 2 )
=	71.548	/	287.4945
=	0.25

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.

Xinjiang Zhundong Petroleum Technology Co Total Assets Related Terms

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Xinjiang Zhundong Petroleum Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xinjiang Zhundong Petroleum Technology Co Ltd (SZSE:002207) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 251 Youyi Road, Xinjiang Uygur Autonomous Region, Karamay, CHN, 831511

Website

http://www.zygf.com.cn

Xinjiang Zhundong Petroleum Technology Co Ltd is engaged in providing oilfield dynamic monitoring and enhanced oil recovery technology services for oil and natural gas mining enterprises. The business of the company includes petroleum technology services, transportation services, and sales of chemical products. The services include well testing, production testing, water shutoff, profile control, and coiled tubing operations.

Executives

Lv Zhan Min	Directors, Directors, and Executives
Jian Wei	Directors, executives
Ai Ke Bai Er Mai Mai Ti	Supervisors
Zhao Shu Zhi	Supervisors
Shi Qiang	Executives
Gu Yu Rong	Independent director
Wang Yu Xin	Executives
Cao Hao	Director
Liu Jun	Supervisors
Zuo Jun	Supervisors
Ai Ke Bai Er Mai Mai Ti	Supervisors
Ding Hao	Supervisors
Xu Wen Shi	Executives
Chang Wen Jiu	Directors, executives
Tao Wei	Supervisors

Xinjiang Zhundong Petroleum Technology Co Headlines

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