Zhejiang Zhongcheng Packing Material Co (SZSE:002522) Total Assets : ¥3,630 Mil (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Zhejiang Zhongcheng Packing Material Co Total Assets?

Zhejiang Zhongcheng Packing Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,630 Mil.

During the past 12 months, Zhejiang Zhongcheng Packing Material Co's average Total Assets Growth Rate was -0.80% per year. During the past 3 years, the average Total Assets Growth Rate was 7.00% per year. During the past 5 years, the average Total Assets Growth Rate was 3.20% per year. During the past 10 years, the average Total Assets Growth Rate was 9.10% per year.

During the past 13 years, Zhejiang Zhongcheng Packing Material Co's highest 3-Year average Total Assets Growth Rate was 48.20%. The lowest was -4.20%. And the median was 17.60%.

Total Assets is connected with ROA %. Zhejiang Zhongcheng Packing Material Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.83%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang Zhongcheng Packing Material Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

Zhejiang Zhongcheng Packing Material Co Total Assets Historical Data

The historical data trend for Zhejiang Zhongcheng Packing Material 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.

Zhejiang Zhongcheng Packing Material Co Total Assets Chart

Zhejiang Zhongcheng Packing Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

3,299.36

3,336.87

3,586.79

3,666.43

3,669.17

Zhejiang Zhongcheng Packing Material 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															3,533.28	3,634.54	3,614.85	3,669.17	3,630.31

Zhejiang Zhongcheng Packing Material 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 Zhongcheng Packing Material 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 )
	=	2307.318	+	1361.855
	=	3,669

Zhejiang Zhongcheng Packing Material 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 )
	=	2311.5	+	1318.813
	=	3,630

Zhejiang Zhongcheng Packing Material Co (SZSE:002522) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang Zhongcheng Packing Material 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 )
	=	66.688	/	( (3669.173	+	3630.313)	/ 2 )
	=	66.688	/	3649.743
	=	1.83 %

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 Zhongcheng Packing Material 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 )
=	377.993	/	( (3669.173	+	3630.313)	/ 2 )
=	377.993	/	3649.743
=	0.10

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 Zhongcheng Packing Material Co Total Assets Related Terms

Thank you for viewing the detailed overview of Zhejiang Zhongcheng Packing Material Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Zhongcheng Packing Material Co (SZSE:002522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhejiang Zhongcheng Packing Material Co Ltd (SZSE:002522) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO.26 LIU XI Road, Jiashan Economic Development Zone, Jiashan, Zhejiang, CHN, 314100

Website

http://www.zjzhongda.com

Zhejiang Zhongcheng Packing Material Co Ltd is engaged in developing, manufacturing and selling multi-layer co-extruded polyolefin shrink film packaging products. The company's products include Polyolefin Shrink Film, Cross-Linked Shrink Film, Anti Fog Cross-Linked Shrink Film, High-Performance Shrink Film, Printed Film and Special Shrink Film Items.

Executives

Chen Jian	Directors, executives
Huang Xu Sheng	Executives
Ma Li Sheng	Executives
Pan De Xiang	Executives
Hang A Gen	Supervisors
Chu Jun Tao	Securities Affairs Representative
Wu Jun	Directors, Directors, and Executives
Zhao Zhong Ce	Director
Wang Ping	Independent director
Zhan Yue Qiang	Supervisors
Chen Da Kui	Directors, executives

Zhejiang Zhongcheng Packing Material Co (SZSE:002522) Headlines

No Headlines