Guilin Seamild Foods Co (SZSE:002956) Total Assets : ¥1,902 Mil (As of Jun. 2024)

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What is Guilin Seamild Foods Co Total Assets?

Guilin Seamild Foods Co's Total Assets for the quarter that ended in Jun. 2024 was ¥1,902 Mil.

Warning Sign:

If a company builds assets at 18.5% a year, faster than its revenue growth rate of 7.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Guilin Seamild Foods Co's average Total Assets Growth Rate was 41.40% per year. During the past 3 years, the average Total Assets Growth Rate was 21.80% per year. During the past 5 years, the average Total Assets Growth Rate was 18.50% per year.

During the past 10 years, Guilin Seamild Foods Co's highest 3-Year average Total Assets Growth Rate was 31.60%. The lowest was -14.00%. And the median was 19.50%.

Total Assets is connected with ROA %. Guilin Seamild Foods Co's annualized ROA % for the quarter that ended in Jun. 2024 was 4.52%. Total Assets is also linked to Revenue through Asset Turnover. Guilin Seamild Foods Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.21.

Guilin Seamild Foods Co Total Assets Historical Data

The historical data trend for Guilin Seamild Foods 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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Guilin Seamild Foods Co Total Assets Chart

Guilin Seamild Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,654.49

1,699.63

1,776.83

1,921.07

2,010.15

Guilin Seamild Foods Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															1,792.57	1,867.54	2,010.15	1,910.96	1,902.36

Guilin Seamild Foods 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.

Guilin Seamild Foods 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 )
	=	1458.75	+	551.404
	=	2,010

Guilin Seamild Foods Co's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	1534.717	+	367.646
	=	1,902

Guilin Seamild Foods Co (SZSE:002956) Total Assets Explanation

Total Assets is connected with ROA %.

Guilin Seamild Foods Co's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	86.152	/	( (1910.955	+	1902.363)	/ 2 )
	=	86.152	/	1906.659
	=	4.52 %

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

Guilin Seamild Foods Co's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	407.621	/	( (1910.955	+	1902.363)	/ 2 )
=	407.621	/	1906.659
=	0.21

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.

Guilin Seamild Foods Co Total Assets Related Terms

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Guilin Seamild Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guilin Seamild Foods Co Ltd (SZSE:002956) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 45, Luan Road, Qixing District, Guilin, CHN, 541004

Website

http://www.seamild.com.cn

Guilin Seamild Foods Co Ltd manufactures food products. The company produces and markets oats products.

Executives

Zhang Zhi Xiong	Executives
He Jian Ping	Securities Affairs Representative

Guilin Seamild Foods Co Headlines

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