Zhejiang Weixing Intelligent Meter Stock Co (SZSE:002849) Total Assets : ¥2,419 Mil (As of Sep. 2024)

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What is Zhejiang Weixing Intelligent Meter Stock Co Total Assets?

Zhejiang Weixing Intelligent Meter Stock Co's Total Assets for the quarter that ended in Sep. 2024 was ¥2,419 Mil.

During the past 12 months, Zhejiang Weixing Intelligent Meter Stock Co's average Total Assets Growth Rate was 1.90% per year. During the past 3 years, the average Total Assets Growth Rate was 6.30% per year. During the past 5 years, the average Total Assets Growth Rate was 12.20% per year. During the past 10 years, the average Total Assets Growth Rate was 31.40% per year.

During the past 12 years, Zhejiang Weixing Intelligent Meter Stock Co's highest 3-Year average Total Assets Growth Rate was 51.60%. The lowest was 6.30%. And the median was 38.60%.

Total Assets is connected with ROA %. Zhejiang Weixing Intelligent Meter Stock Co's annualized ROA % for the quarter that ended in Sep. 2024 was 4.50%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang Weixing Intelligent Meter Stock Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.13.

Zhejiang Weixing Intelligent Meter Stock Co Total Assets Historical Data

The historical data trend for Zhejiang Weixing Intelligent Meter Stock 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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Zhejiang Weixing Intelligent Meter Stock Co Total Assets Chart

Zhejiang Weixing Intelligent Meter Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,544.17

1,848.20

1,747.27

2,161.51

2,358.56

Zhejiang Weixing Intelligent Meter Stock 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															2,446.76	2,358.56	2,347.67	2,382.29	2,418.75

Zhejiang Weixing Intelligent Meter Stock 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 Weixing Intelligent Meter Stock 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 )
	=	1307.037	+	1051.523
	=	2,359

Zhejiang Weixing Intelligent Meter Stock 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 )
	=	1374.677	+	1044.07
	=	2,419

Zhejiang Weixing Intelligent Meter Stock Co (SZSE:002849) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang Weixing Intelligent Meter Stock 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 )
	=	107.924	/	( (2382.291	+	2418.747)	/ 2 )
	=	107.924	/	2400.519
	=	4.50 %

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.

Zhejiang Weixing Intelligent Meter Stock 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 )
=	302.51	/	( (2382.291	+	2418.747)	/ 2 )
=	302.51	/	2400.519
=	0.13

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 Weixing Intelligent Meter Stock Co Total Assets Related Terms

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Zhejiang Weixing Intelligent Meter Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Weixing Intelligent Meter Stock Co Ltd (SZSE:002849) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

1418-41 Moganshan Road, Building No. 6, Gongshu District, Zhejiang Province, Hangzhou, CHN, 310015

Website

http://www.viewshine.cn

Zhejiang Weixing Intelligent Meter Stock Co Ltd is engaged in the research, development, production, and sales of intelligent gas information system platform, intelligent terminal and ultrasonic metering products. The company's products cover IC card smart terminals, RF-based and IoT-based smart metering terminals, a new generation of ultrasonic meters and "gas cloud" information management platform, from civil gas meters to industrial and commercial gas meters.

Executives

Huang Wen Qian	Director
Zhang Yan	Secretary, Director
Chen Zhi Yuan	Executives
Gu Jin Song	Executives
Li Zu Guang	Executives
Fan Hui Qun	Director
Yan Bing Wei	Securities Affairs Representative
Ma Shan Bing	Director
Zhao Yan Hua	Supervisors

Zhejiang Weixing Intelligent Meter Stock Co Headlines

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