Sanquan Food Co (SZSE:002216) Total Assets : ¥7,106 Mil (As of Mar. 2024)

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What is Sanquan Food Co Total Assets?

Sanquan Food Co's Total Assets for the quarter that ended in Mar. 2024 was ¥7,106 Mil.

Warning Sign:

If a company builds assets at 7.3% a year, faster than its revenue growth rate of 5.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Sanquan Food Co's average Total Assets Growth Rate was 18.20% per year. During the past 3 years, the average Total Assets Growth Rate was 11.20% per year. During the past 5 years, the average Total Assets Growth Rate was 7.30% per year. During the past 10 years, the average Total Assets Growth Rate was 5.80% per year.

During the past 13 years, Sanquan Food Co's highest 3-Year average Total Assets Growth Rate was 32.60%. The lowest was 2.40%. And the median was 11.40%.

Total Assets is connected with ROA %. Sanquan Food Co's annualized ROA % for the quarter that ended in Mar. 2024 was 12.56%. Total Assets is also linked to Revenue through Asset Turnover. Sanquan Food Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.31.

Sanquan Food Co Total Assets Historical Data

The historical data trend for Sanquan Food 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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Sanquan Food Co Total Assets Chart

Sanquan Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5,283.22

6,028.17

6,583.00

7,537.49

7,521.41

Sanquan Food 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															6,892.83	6,545.04	6,943.18	7,521.41	7,106.43

Sanquan Food 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.

Sanquan Food 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 )
	=	4341.071	+	3180.341
	=	7,521

Sanquan Food 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 )
	=	4570.766	+	2535.659
	=	7,106

Sanquan Food Co (SZSE:002216) Total Assets Explanation

Total Assets is connected with ROA %.

Sanquan Food 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 )
	=	918.78	/	( (7521.412	+	7106.426)	/ 2 )
	=	918.78	/	7313.919
	=	12.56 %

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.

Sanquan Food 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 )
=	2253.744	/	( (7521.412	+	7106.426)	/ 2 )
=	2253.744	/	7313.919
=	0.31

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.

Sanquan Food Co Total Assets Related Terms

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Sanquan Food Co (SZSE:002216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sanquan Food Co Ltd (SZSE:002216) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Tianhe Road, the middle Huiji, Zhengzhou, CHN, 50044

Website

http://www.sanquan.com

Sanquan Food Co Ltd is a China-based company principally engaged in the production and distribution of quick-frozen food products. The company has two well-known brands - Sanquan and Longfeng.

Sanquan Food Co (SZSE:002216) Headlines

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