Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Total Assets : ¥10,041 Mil (As of Mar. 2024)

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What is Jiangsu Rainbow Heavy Industries Co Total Assets?

Jiangsu Rainbow Heavy Industries Co's Total Assets for the quarter that ended in Mar. 2024 was ¥10,041 Mil.

During the past 12 months, Jiangsu Rainbow Heavy Industries Co's average Total Assets Growth Rate was -4.90% per year. During the past 3 years, the average Total Assets Growth Rate was 3.10% per year. During the past 5 years, the average Total Assets Growth Rate was 12.70% per year. During the past 10 years, the average Total Assets Growth Rate was 11.20% per year.

During the past 13 years, Jiangsu Rainbow Heavy Industries Co's highest 3-Year average Total Assets Growth Rate was 57.10%. The lowest was 1.70%. And the median was 18.65%.

Total Assets is connected with ROA %. Jiangsu Rainbow Heavy Industries Co's annualized ROA % for the quarter that ended in Mar. 2024 was 2.41%. Total Assets is also linked to Revenue through Asset Turnover. Jiangsu Rainbow Heavy Industries Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Jiangsu Rainbow Heavy Industries Co Total Assets Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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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Jiangsu Rainbow Heavy Industries Co Total Assets Chart

Jiangsu Rainbow Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5,406.64

7,496.24

8,099.96

10,366.19

10,712.65

Jiangsu Rainbow Heavy Industries 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															11,864.54	12,014.51	11,583.29	10,712.65	10,041.22

Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries 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 )
	=	4271.433	+	6441.213
	=	10,713

Jiangsu Rainbow Heavy Industries 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 )
	=	4350.64	+	5690.578
	=	10,041

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Total Assets Explanation

Total Assets is connected with ROA %.

Jiangsu Rainbow Heavy Industries 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 )
	=	249.964	/	( (10712.646	+	10041.218)	/ 2 )
	=	249.964	/	10376.932
	=	2.41 %

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.

Jiangsu Rainbow Heavy Industries 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 )
=	1411.555	/	( (10712.646	+	10041.218)	/ 2 )
=	1411.555	/	10376.932
=	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.

Jiangsu Rainbow Heavy Industries Co Total Assets Related Terms

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Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010

Website

http://www.jiangsurhi.com

Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.

Executives

Sha Ming Jun	Director
Wu Jian	Directors, executives
Xie Gui Xing	Directors, executives, directors
Sun Jian Cheng	Executives
Li Xiao Qin	Executives
Lin Bo	Executives

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Headlines

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