Beijing Beimo High Tech Frictional Material Co (SZSE:002985) Total Assets : ¥4,201.2 Mil (As of Mar. 2024)

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What is Beijing Beimo High Tech Frictional Material Co Total Assets?

Beijing Beimo High Tech Frictional Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,201.2 Mil.

Warning Sign:

If a company builds assets at 40.2% a year, faster than its revenue growth rate of 19% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Beijing Beimo High Tech Frictional Material Co's average Total Assets Growth Rate was 3.30% per year. During the past 3 years, the average Total Assets Growth Rate was 23.70% per year. During the past 5 years, the average Total Assets Growth Rate was 40.20% per year.

During the past 9 years, Beijing Beimo High Tech Frictional Material Co's highest 3-Year average Total Assets Growth Rate was 52.00%. The lowest was 23.70%. And the median was 42.25%.

Total Assets is connected with ROA %. Beijing Beimo High Tech Frictional Material Co's annualized ROA % for the quarter that ended in Mar. 2024 was 6.69%. Total Assets is also linked to Revenue through Asset Turnover. Beijing Beimo High Tech Frictional Material Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Beijing Beimo High Tech Frictional Material Co Total Assets Historical Data

The historical data trend for Beijing Beimo High Tech Frictional Material 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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Beijing Beimo High Tech Frictional Material Co Total Assets Chart

Beijing Beimo High Tech Frictional Material Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,318.22

2,725.38

3,947.49

4,189.83

4,575.92

Beijing Beimo High Tech Frictional Material 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															4,411.08	4,601.28	4,719.05	4,575.92	4,201.17

Beijing Beimo High Tech Frictional Material 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.

Beijing Beimo High Tech Frictional Material 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 )
	=	3834.554	+	741.361
	=	4,575.9

Beijing Beimo High Tech Frictional Material 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 )
	=	2765.271	+	1435.895
	=	4,201.2

Beijing Beimo High Tech Frictional Material Co (SZSE:002985) Total Assets Explanation

Total Assets is connected with ROA %.

Beijing Beimo High Tech Frictional Material 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 )
	=	293.644	/	( (4575.915	+	4201.166)	/ 2 )
	=	293.644	/	4388.5405
	=	6.69 %

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.

Beijing Beimo High Tech Frictional Material 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 )
=	240.049	/	( (4575.915	+	4201.166)	/ 2 )
=	240.049	/	4388.5405
=	0.05

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.

Beijing Beimo High Tech Frictional Material Co Total Assets Related Terms

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Beijing Beimo High Tech Frictional Material Co (SZSE:002985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Beijing Beimo High Tech Frictional Material Co Ltd (SZSE:002985) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shahe Town, Changping District, High-tech Park, Zhengding County, North District, Hebei Province, Beijing, CHN, 102206

Website

http://www.bjgk.com

Beijing Beimo High Tech Frictional Material Co Ltd formerly Beijing Bei Mo Gao Ke Friction Material Co Ltd is engaged in production and sales of high-end equipment and brake products for military and civilian aerospace vehicle landing gear landing systems, tank armored vehicles, high-speed trains and other high-end equipment. The company's products include brake wheels, brake system, aircraft landing gear.

Executives

Zheng Dan	Directors, executives
Chen Jian Feng	Directors, executives
Wang Shu Min	Director
Liu Yang	Directors, executives
Yan Rong Xin	Supervisors
Xia Qing Song	Supervisors
Zhang Qiu Lai	Supervisors
Li Rong Li	Executives

Beijing Beimo High Tech Frictional Material Co (SZSE:002985) Headlines

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