Ganyuan Foods Co (SZSE:002991) Total Assets : ¥2,166 Mil (As of Jun. 2024)

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What is Ganyuan Foods Co Total Assets?

Ganyuan Foods Co's Total Assets for the quarter that ended in Jun. 2024 was ¥2,166 Mil.

Warning Sign:

If a company builds assets at 19% a year, faster than its revenue growth rate of 6.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Ganyuan Foods Co's average Total Assets Growth Rate was 20.60% per year. During the past 3 years, the average Total Assets Growth Rate was 18.30% per year. During the past 5 years, the average Total Assets Growth Rate was 19.00% per year.

During the past 8 years, Ganyuan Foods Co's highest 3-Year average Total Assets Growth Rate was 23.70%. The lowest was 9.60%. And the median was 18.30%.

Total Assets is connected with ROA %. Ganyuan Foods Co's annualized ROA % for the quarter that ended in Jun. 2024 was 14.03%. Total Assets is also linked to Revenue through Asset Turnover. Ganyuan Foods Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.21.

Ganyuan Foods Co Total Assets Historical Data

The historical data trend for Ganyuan 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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Ganyuan Foods Co Total Assets Chart

Ganyuan Foods Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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862.05

1,770.28

1,822.06

2,005.10

2,095.00

Ganyuan 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															1,914.96	2,056.57	2,095.00	2,124.61	2,166.21

Ganyuan 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.

Ganyuan 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 )
	=	1684.817	+	410.179
	=	2,095

Ganyuan 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 )
	=	1793.674	+	372.538
	=	2,166

Ganyuan Foods Co (SZSE:002991) Total Assets Explanation

Total Assets is connected with ROA %.

Ganyuan 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 )
	=	300.94	/	( (2124.608	+	2166.212)	/ 2 )
	=	300.94	/	2145.41
	=	14.03 %

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.

Ganyuan 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 )
=	456.355	/	( (2124.608	+	2166.212)	/ 2 )
=	456.355	/	2145.41
=	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.

Ganyuan Foods Co Total Assets Related Terms

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Ganyuan Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ganyuan Foods Co Ltd (SZSE:002991) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Qingquan Biological Medicine Food Industrial Park, Pingxiang Economic & Technological Development Zone, Jiangxi Province, Pingxiang, CHN, 337000

Website

http://www.ganyuanfood.com

Ganyuan Foods Co Ltd is engaged in production and sales of snack foods. The company's products include products include green beans, broad beans, melon seeds, black beans, peanuts, fried rice, beans and other roasted goods, as well as cashew nuts, macadamia nuts and other high-end nuts. Its bean snack brand is Ganyuan.

Executives

Yan Hai Yan

Secretary, Director

Ganyuan Foods Co Headlines

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