Jinlong Machinery & Electronic Co (SZSE:300032) Total Assets : ¥1,767 Mil (As of Mar. 2024)

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What is Jinlong Machinery & Electronic Co Total Assets?

Jinlong Machinery & Electronic Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,767 Mil.

During the past 12 months, Jinlong Machinery & Electronic Co's average Total Assets Growth Rate was -37.30% per year. During the past 3 years, the average Total Assets Growth Rate was -6.50% per year. During the past 5 years, the average Total Assets Growth Rate was 0.50% per year. During the past 10 years, the average Total Assets Growth Rate was -0.80% per year.

During the past 13 years, Jinlong Machinery & Electronic Co's highest 3-Year average Total Assets Growth Rate was 104.90%. The lowest was -24.60%. And the median was 15.50%.

Total Assets is connected with ROA %. Jinlong Machinery & Electronic Co's annualized ROA % for the quarter that ended in Mar. 2024 was -1.85%. Total Assets is also linked to Revenue through Asset Turnover. Jinlong Machinery & Electronic Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Jinlong Machinery & Electronic Co Total Assets Historical Data

The historical data trend for Jinlong Machinery & Electronic 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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Jinlong Machinery & Electronic Co Total Assets Chart

Jinlong Machinery & Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,358.53

2,523.22

2,878.42

3,223.91

2,070.37

Jinlong Machinery & Electronic 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															2,764.78	2,468.18	2,454.53	2,070.37	1,767.11

Jinlong Machinery & Electronic 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.

Jinlong Machinery & Electronic 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 )
	=	799.538	+	1270.835
	=	2,070

Jinlong Machinery & Electronic 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 )
	=	767.222	+	999.885
	=	1,767

Jinlong Machinery & Electronic Co (SZSE:300032) Total Assets Explanation

Total Assets is connected with ROA %.

Jinlong Machinery & Electronic 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 )
	=	-35.52	/	( (2070.373	+	1767.106)	/ 2 )
	=	-35.52	/	1918.7395
	=	-1.85 %

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.

Jinlong Machinery & Electronic 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 )
=	277.627	/	( (2070.373	+	1767.106)	/ 2 )
=	277.627	/	1918.7395
=	0.14

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.

Jinlong Machinery & Electronic Co Total Assets Related Terms

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Jinlong Machinery & Electronic Co (SZSE:300032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jinlong Machinery & Electronic Co Ltd (SZSE:300032) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinlong Science & Technology Park, Jin Gang Avenue, Baixiang, Yueqing (Wenzhou), CHN, 325603

Website

http://www.kotl.com.cn

Jinlong Machinery & Electronic Co Ltd engaged in electrical machinery and equipment manufacturing. The products of the company include motors, coin type vibrator, and solid motors.

Executives

Dai Ming Feng	Director
Jin Shao Ping	Director
Chen Jing Hua	Supervisors
Huang Juan	Directors, Directors, and Executives
Jin Mei Ou	Directors, executives
Chen Yu Qiang	Executives
Huang Yong Xian	Directors, executives

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