Rendong Holdings Co (SZSE:002647) Total Assets : ¥4,849 Mil (As of Sep. 2024)

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What is Rendong Holdings Co Total Assets?

Rendong Holdings Co's Total Assets for the quarter that ended in Sep. 2024 was ¥4,849 Mil.

During the past 12 months, Rendong Holdings Co's average Total Assets Growth Rate was -12.20% per year. During the past 3 years, the average Total Assets Growth Rate was -3.80% per year. During the past 5 years, the average Total Assets Growth Rate was -14.20% per year. During the past 10 years, the average Total Assets Growth Rate was -1.60% per year.

During the past 13 years, Rendong Holdings Co's highest 3-Year average Total Assets Growth Rate was 37.50%. The lowest was -24.70%. And the median was -2.50%.

Total Assets is connected with ROA %. Rendong Holdings Co's annualized ROA % for the quarter that ended in Sep. 2024 was -2.59%. Total Assets is also linked to Revenue through Asset Turnover. Rendong Holdings Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.06.

Rendong Holdings Co Total Assets Historical Data

The historical data trend for Rendong Holdings 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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Rendong Holdings Co Total Assets Chart

Rendong Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,601.10

3,694.13

3,754.55

4,819.40

4,428.19

Rendong Holdings Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															4,394.27	4,428.19	4,550.67	4,272.10	4,848.72

Rendong Holdings 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.

Rendong Holdings 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 )
	=	115.115	+	4313.071
	=	4,428

Rendong Holdings Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	110.622	+	4738.102
	=	4,849

Rendong Holdings Co (SZSE:002647) Total Assets Explanation

Total Assets is connected with ROA %.

Rendong Holdings Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-118.152	/	( (4272.1	+	4848.724)	/ 2 )
	=	-118.152	/	4560.412
	=	-2.59 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Rendong Holdings Co's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	262.172	/	( (4272.1	+	4848.724)	/ 2 )
=	262.172	/	4560.412
=	0.06

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.

Rendong Holdings Co Total Assets Related Terms

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Rendong Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rendong Holdings Co Ltd (SZSE:002647) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

91 Jianguo Road, Chaoyang District, 16th Floor, Block A, Jindi Center, Beijing, CHN, 100025

Website

http://www.mesonft.com

Rendong Holdings Co Ltd operates in the financial services industry. It is organized into three main businesses: third-party payment, commercial factoring, and supply chain management. Its third-party payment related business develops, operates and maintains payment systems and clearing platform system; clearing of trading funds, generation and management of the master key of UnionPay card acceptance terminal. The commercial factoring business is mainly engaged in the insurance agency business. The company's supply chain management business focuses on supply chain management and supply chain financial services.

Executives

Du Hui Qiang	Supervisors
Wang Shi Shan	Directors, executives
Zhao Jia	Director
Ye Guo Qing	Supervisors
Wei Zhe Qiang	Executives, directors

Rendong Holdings Co Headlines

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