LB Group Co (SZSE:002601) Total Assets : ¥66,485 Mil (As of Mar. 2024)

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What is LB Group Co Total Assets?

LB Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥66,485 Mil.

Warning Sign:

If a company builds assets at 26.3% a year, faster than its revenue growth rate of 17.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, LB Group Co's average Total Assets Growth Rate was 11.80% per year. During the past 3 years, the average Total Assets Growth Rate was 24.10% per year. During the past 5 years, the average Total Assets Growth Rate was 26.30% per year. During the past 10 years, the average Total Assets Growth Rate was 33.60% per year.

During the past 13 years, LB Group Co's highest 3-Year average Total Assets Growth Rate was 73.80%. The lowest was 11.60%. And the median was 34.40%.

Total Assets is connected with ROA %. LB Group Co's annualized ROA % for the quarter that ended in Mar. 2024 was 5.84%. Total Assets is also linked to Revenue through Asset Turnover. LB Group Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

LB Group Co Total Assets Historical Data

The historical data trend for LB Group 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.

LB Group Co Total Assets Chart

LB Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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25,942.78

34,836.83

45,331.18

59,188.96

63,817.24

LB Group 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															61,286.23	63,463.37	64,062.85	63,817.24	66,484.79

LB Group 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.

LB Group 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 )
	=	25024.697	+	38792.544
	=	63,817

LB Group 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 )
	=	26624.016	+	39860.772
	=	66,485

LB Group Co (SZSE:002601) Total Assets Explanation

Total Assets is connected with ROA %.

LB Group 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 )
	=	3804.4	/	( (63817.241	+	66484.788)	/ 2 )
	=	3804.4	/	65151.0145
	=	5.84 %

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.

LB Group 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 )
=	7293.834	/	( (63817.241	+	66484.788)	/ 2 )
=	7293.834	/	65151.0145
=	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.

LB Group Co Total Assets Related Terms

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LB Group Co (SZSE:002601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LB Group Co Ltd (SZSE:002601) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fengfeng Office, Zhongzhan District, Henan Province, Jiaozuo, CHN, 454191

Website

http://www.lomonbillions.com

LB Group Co Ltd is a inorganic chemical enterprise concentrated on the development and manufacture of titanium and zirconium fine powder material. The company markets in the western industrial areas of China.

Executives

Yang Min Le	Director
Chang Yi Li	Director
Zhang Hai Tao	Directors, executives
Xu Gang	Director
Chen Jian Li	Executives
Zhang Gang	Supervisors
Shen Qing Fei	Directors, executives
He Ben Liu	Directors, executives
Wu Peng Sen	Executives
Tan Rui Qing	Director
Zhang Qi Bin	Director
Fan Xian Guo	Directors, executives
Zhao Yong Jun	Supervisors
Feng Jun	Supervisors
Jin San Liang	Executives

LB Group Co (SZSE:002601) Headlines

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