Yantai Shuangta Food Co (SZSE:002481) Total Assets : ¥4,103 Mil (As of Mar. 2024)

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What is Yantai Shuangta Food Co Total Assets?

Yantai Shuangta Food Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,103 Mil.

During the past 12 months, Yantai Shuangta Food Co's average Total Assets Growth Rate was 7.30% per year. During the past 3 years, the average Total Assets Growth Rate was 2.00% per year. During the past 5 years, the average Total Assets Growth Rate was 0.70% per year. During the past 10 years, the average Total Assets Growth Rate was 5.00% per year.

During the past 13 years, Yantai Shuangta Food Co's highest 3-Year average Total Assets Growth Rate was 56.90%. The lowest was -5.70%. And the median was 23.60%.

Total Assets is connected with ROA %. Yantai Shuangta Food Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.21%. Total Assets is also linked to Revenue through Asset Turnover. Yantai Shuangta Food Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Yantai Shuangta Food Co Total Assets Historical Data

The historical data trend for Yantai Shuangta 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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Yantai Shuangta Food Co Total Assets Chart

Yantai Shuangta Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,293.55

3,749.86

3,721.73

3,923.90

3,804.58

Yantai Shuangta 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															3,576.64	3,609.67	3,494.77	3,804.58	4,102.52

Yantai Shuangta 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.

Yantai Shuangta 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 )
	=	2569.615	+	1234.965
	=	3,805

Yantai Shuangta 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 )
	=	2623.962	+	1478.552
	=	4,103

Yantai Shuangta Food Co (SZSE:002481) Total Assets Explanation

Total Assets is connected with ROA %.

Yantai Shuangta 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 )
	=	166.504	/	( (3804.58	+	4102.515)	/ 2 )
	=	166.504	/	3953.5475
	=	4.21 %

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.

Yantai Shuangta 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 )
=	435.094	/	( (3804.58	+	4102.515)	/ 2 )
=	435.094	/	3953.5475
=	0.11

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.

Yantai Shuangta Food Co Total Assets Related Terms

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Yantai Shuangta Food Co (SZSE:002481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yantai Shuangta Food Co Ltd (SZSE:002481) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Jinling Town, Zhaoyuan city, Shandong province, CHN, 265404

Website

http://www.shuangtafensi.com

Yantai Shuangta Food Co Ltd is engaged in the production of vermicelli in China. The company's main products include pure bean vermicelli, grain vermicelli, sweet potato vermicelli, pea protein, dietary fiber and edible fungus, among others.

Executives

Li Yu Lin	Directors, executives
Liu Shu Xian	Director
Ma Ju Ping	Supervisors
Yang Jun Min	Director
Sui Jun Mei	Directors, executives
Zhang Dai Min	Directors, executives
Ma Dian Yun	Supervisors
Zhao Xue Wei	Independent director
Li Na Jun	Securities Affairs Representative
Wang Mei Rong	Supervisors
Shao Wan Bin	Director

Yantai Shuangta Food Co (SZSE:002481) Headlines

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