Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Total Assets : ¥6,684 Mil (As of Mar. 2024)

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What is Anhui Sinonet and Xinlong Science & Technology Co Total Assets?

Anhui Sinonet and Xinlong Science & Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥6,684 Mil.

During the past 12 months, Anhui Sinonet and Xinlong Science & Technology Co's average Total Assets Growth Rate was -8.00% per year. During the past 3 years, the average Total Assets Growth Rate was -2.10% per year. During the past 5 years, the average Total Assets Growth Rate was 3.50% per year. During the past 10 years, the average Total Assets Growth Rate was 13.20% per year.

During the past 13 years, Anhui Sinonet and Xinlong Science & Technology Co's highest 3-Year average Total Assets Growth Rate was 44.90%. The lowest was -2.10%. And the median was 15.20%.

Total Assets is connected with ROA %. Anhui Sinonet and Xinlong Science & Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.89%. Total Assets is also linked to Revenue through Asset Turnover. Anhui Sinonet and Xinlong Science & Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.07.

Anhui Sinonet and Xinlong Science & Technology Co Total Assets Historical Data

The historical data trend for Anhui Sinonet and Xinlong Science & 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.

* Premium members only.

Anhui Sinonet and Xinlong Science & Technology Co Total Assets Chart

Anhui Sinonet and Xinlong Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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7,011.86

7,467.68

8,001.66

7,435.40

6,827.69

Anhui Sinonet and Xinlong Science & Technology 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															7,376.49	7,260.52	7,277.58	6,827.69	6,684.14

Anhui Sinonet and Xinlong Science & 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.

Anhui Sinonet and Xinlong Science & 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 )
	=	3740.614	+	3087.07
	=	6,828

Anhui Sinonet and Xinlong Science & 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 )
	=	3781.914	+	2902.225
	=	6,684

Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Total Assets Explanation

Total Assets is connected with ROA %.

Anhui Sinonet and Xinlong Science & 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 )
	=	127.94	/	( (6827.685	+	6684.139)	/ 2 )
	=	127.94	/	6755.912
	=	1.89 %

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.

Anhui Sinonet and Xinlong Science & 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 )
=	492.84	/	( (6827.685	+	6684.139)	/ 2 )
=	492.84	/	6755.912
=	0.07

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.

Anhui Sinonet and Xinlong Science & Technology Co Total Assets Related Terms

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Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Anhui Sinonet and Xinlong Science & Technology Co Ltd (SZSE:002298) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 118, Jiuhua North Road, Electrical Component Industrial Park, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241008

Website

http://www.ah-zdxl.com

Anhui Sinonet and Xinlong Science & Technology Co Ltd, formerly Anhui Xinlong Electronical Co Ltd are engaged in the production of high and low voltage switch equipment and electric machines.

Executives

Shu Long Sheng	Director
Qu Hong Gui	Directors, executives
He Li	Director
Yan Tao	Executives
Wang Yu	Directors, Directors, and Executives
Tao Li Ming	Executives
Li Xiao Qing	Executives
Zhou Chao	Directors, executives
Guo Chen	Director
Song Li Jun	Director
Jiang Ming	Independent director
Chen Bang Lian	Supervisors
Zhang Xiang	Director
Zhang Lu Yi	Supervisors
Zhu Wen	Securities Affairs Representative

Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Headlines

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