Xuchang KETOP Testing Research Institute Co (SZSE:003008) Total Assets : ¥1,146.7 Mil (As of Mar. 2024)

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What is Xuchang KETOP Testing Research Institute Co Total Assets?

Xuchang KETOP Testing Research Institute Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,146.7 Mil.

During the past 12 months, Xuchang KETOP Testing Research Institute Co's average Total Assets Growth Rate was -5.40% per year. During the past 3 years, the average Total Assets Growth Rate was 9.60% per year. During the past 5 years, the average Total Assets Growth Rate was 10.80% per year.

During the past 8 years, Xuchang KETOP Testing Research Institute Co's highest 3-Year average Total Assets Growth Rate was 50.90%. The lowest was 9.60%. And the median was 13.40%.

Total Assets is connected with ROA %. Xuchang KETOP Testing Research Institute Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.56%. Total Assets is also linked to Revenue through Asset Turnover. Xuchang KETOP Testing Research Institute Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

Xuchang KETOP Testing Research Institute Co Total Assets Historical Data

The historical data trend for Xuchang KETOP Testing Research Institute 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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Xuchang KETOP Testing Research Institute Co Total Assets Chart

Xuchang KETOP Testing Research Institute Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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418.44

1,057.56

1,078.59

1,139.79

1,155.84

Xuchang KETOP Testing Research Institute 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															1,145.02	1,109.96	1,124.89	1,155.84	1,146.72

Xuchang KETOP Testing Research Institute 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.

Xuchang KETOP Testing Research Institute 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 )
	=	1068.06	+	87.78
	=	1,155.8

Xuchang KETOP Testing Research Institute 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 )
	=	1081.171	+	65.549
	=	1,146.7

Xuchang KETOP Testing Research Institute Co (SZSE:003008) Total Assets Explanation

Total Assets is connected with ROA %.

Xuchang KETOP Testing Research Institute 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 )
	=	52.448	/	( (1155.839	+	1146.72)	/ 2 )
	=	52.448	/	1151.2795
	=	4.56 %

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.

Xuchang KETOP Testing Research Institute 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 )
=	44.677	/	( (1155.839	+	1146.72)	/ 2 )
=	44.677	/	1151.2795
=	0.04

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.

Xuchang KETOP Testing Research Institute Co Total Assets Related Terms

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Xuchang KETOP Testing Research Institute Co (SZSE:003008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Xuchang KETOP Testing Research Institute Co Ltd (SZSE:003008) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Intersection of Weiwu Avenue and Shangde Road, Henan Province, Xuchang, CHN, 461000

Website

http://www.ketop.cn

Xuchang KETOP Testing Research Institute Co Ltd is engaged in provision of power system secondary equipment testing services, other technical services and testing equipment sales. The company provides measurement technology and test method of power system secondary protection equipment, smart micro-grid devices and Electric Vehicle Charging and Battary Swap System to provide authoritative test scheme and service, guaranteeing the quality of products in power system.

Executives

Zhang Ran	Directors, executives
Wang Feng	Supervisors
Li Quan Xi	Executives
He Chun	Executives
Fu Run Wei	Supervisors
Song Xia	Executives

Xuchang KETOP Testing Research Institute Co (SZSE:003008) Headlines

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