Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Total Assets : ¥3,460 Mil (As of Mar. 2024)

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What is Qinghai Huzhu TianYouDe Highland Barley Spirit Co Total Assets?

Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,460 Mil.

During the past 12 months, Qinghai Huzhu TianYouDe Highland Barley Spirit Co's average Total Assets Growth Rate was 4.80% per year. During the past 3 years, the average Total Assets Growth Rate was 4.80% per year. During the past 5 years, the average Total Assets Growth Rate was 4.00% per year. During the past 10 years, the average Total Assets Growth Rate was 5.30% per year.

During the past 13 years, Qinghai Huzhu TianYouDe Highland Barley Spirit Co's highest 3-Year average Total Assets Growth Rate was 63.60%. The lowest was -4.50%. And the median was 10.20%.

Total Assets is connected with ROA %. Qinghai Huzhu TianYouDe Highland Barley Spirit Co's annualized ROA % for the quarter that ended in Mar. 2024 was 12.77%. Total Assets is also linked to Revenue through Asset Turnover. Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Total Assets Historical Data

The historical data trend for Qinghai Huzhu TianYouDe Highland Barley Spirit 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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Qinghai Huzhu TianYouDe Highland Barley Spirit Co Total Assets Chart

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,807.04

2,683.36

3,222.62

3,197.59

3,328.19

Qinghai Huzhu TianYouDe Highland Barley Spirit 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															3,228.01	3,252.72	3,299.78	3,328.19	3,460.17

Qinghai Huzhu TianYouDe Highland Barley Spirit 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.

Qinghai Huzhu TianYouDe Highland Barley Spirit 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 )
	=	2803.308	+	524.878
	=	3,328

Qinghai Huzhu TianYouDe Highland Barley Spirit 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 )
	=	2921.679	+	538.492
	=	3,460

Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Total Assets Explanation

Total Assets is connected with ROA %.

Qinghai Huzhu TianYouDe Highland Barley Spirit 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 )
	=	433.36	/	( (3328.186	+	3460.171)	/ 2 )
	=	433.36	/	3394.1785
	=	12.77 %

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.

Qinghai Huzhu TianYouDe Highland Barley Spirit 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 )
=	526.134	/	( (3328.186	+	3460.171)	/ 2 )
=	526.134	/	3394.1785
=	0.16

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.

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Total Assets Related Terms

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Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Qinghai Huzhu TianYouDe Highland Barley Spirit Co Ltd (SZSE:002646) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 6 West Stree, Huzhu County, Qinghai Province, Weiyuan, CHN, 810500

Website

http://www.002646.com

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Ltd is a China-based company operating in the liquor industry. The principal business activities of the company are research and development, production and sales of wine and alcoholic beverages. It specializes in Xizhu, Tianyoude, Ba Dafang, Yongqinghe, Shiyi De and many other series of barleywines, as well as the Maxwell brand.

Executives

Fan Wen Lai	Independent director
Guo Shou Ming	Director
Li Yin Hui	Directors, executives
Wang Zhao San	Directors, executives
Lu Yan	Supervisors

Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Headlines

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