Zhejiang Double Arrow Rubber Co (SZSE:002381) Total Assets : ¥3,828 Mil (As of Mar. 2024)

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What is Zhejiang Double Arrow Rubber Co Total Assets?

Zhejiang Double Arrow Rubber Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,828 Mil.

During the past 12 months, Zhejiang Double Arrow Rubber Co's average Total Assets Growth Rate was 14.50% per year. During the past 3 years, the average Total Assets Growth Rate was 16.20% per year. During the past 5 years, the average Total Assets Growth Rate was 15.30% per year. During the past 10 years, the average Total Assets Growth Rate was 9.70% per year.

During the past 13 years, Zhejiang Double Arrow Rubber Co's highest 3-Year average Total Assets Growth Rate was 25.20%. The lowest was -5.60%. And the median was 14.70%.

Total Assets is connected with ROA %. Zhejiang Double Arrow Rubber Co's annualized ROA % for the quarter that ended in Mar. 2024 was 5.23%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang Double Arrow Rubber Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Zhejiang Double Arrow Rubber Co Total Assets Historical Data

The historical data trend for Zhejiang Double Arrow Rubber 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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Zhejiang Double Arrow Rubber Co Total Assets Chart

Zhejiang Double Arrow Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,328.05

2,687.74

2,802.76

3,512.81

3,745.30

Zhejiang Double Arrow Rubber 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															3,572.13	3,707.94	3,712.32	3,745.30	3,828.49

Zhejiang Double Arrow Rubber 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.

Zhejiang Double Arrow Rubber 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 )
	=	2135.523	+	1609.775
	=	3,745

Zhejiang Double Arrow Rubber 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 )
	=	2184.575	+	1643.913
	=	3,828

Zhejiang Double Arrow Rubber Co (SZSE:002381) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang Double Arrow Rubber 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 )
	=	198.18	/	( (3745.298	+	3828.487)	/ 2 )
	=	198.18	/	3786.8925
	=	5.23 %

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.

Zhejiang Double Arrow Rubber 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 )
=	544.122	/	( (3745.298	+	3828.487)	/ 2 )
=	544.122	/	3786.8925
=	0.14

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.

Zhejiang Double Arrow Rubber Co Total Assets Related Terms

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Zhejiang Double Arrow Rubber Co (SZSE:002381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Double Arrow Rubber Co Ltd (SZSE:002381) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Zhou Quan town Industrial Zone, Tongxiang, Zhejiang, CHN, 314513

Website

http://www.doublearrow.net

Zhejiang Double Arrow Rubber Co Ltd is engaged as manufacturer of conveyor belts. The types of conveyor belts manufactured by company are acid and alkali resistant, high temperature resistant, flame retardant, oil resistant, heat resistant, tear resistant, puncture resistant, cold resistant, energy saving, and aramid.

Executives

Shen Kai Fei	Directors, executives
Shen Geng Liang	Director
Lang Hong Feng	Executives
Yan Hong Bin	Supervisors
Shen Hui Min	Directors, executives
Yu Ming Song	Director
Shen Lin Quan	Director
Lu Xin Hui	Supervisors
Shen Hong Fa	Directors, executives
Yu Bing Ren	Supervisors
Shen Hong Ming	Supervisors
Chen Bai Song	Directors, executives
Wu Jian Qin	Directors, executives
Yu Bing Ying	Executives
Xu Zhong Wei	Securities Affairs Representative

Zhejiang Double Arrow Rubber Co (SZSE:002381) Headlines

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