Xinjiang Machinery Research Institute Co (SZSE:300159) Total Assets : ¥2,823 Mil (As of Mar. 2024)

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What is Xinjiang Machinery Research Institute Co Total Assets?

Xinjiang Machinery Research Institute Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,823 Mil.

During the past 12 months, Xinjiang Machinery Research Institute Co's average Total Assets Growth Rate was -17.70% per year. During the past 3 years, the average Total Assets Growth Rate was -11.60% per year. During the past 5 years, the average Total Assets Growth Rate was -24.10% per year. During the past 10 years, the average Total Assets Growth Rate was 8.40% per year.

During the past 13 years, Xinjiang Machinery Research Institute Co's highest 3-Year average Total Assets Growth Rate was 136.00%. The lowest was -31.50%. And the median was 39.60%.

Total Assets is connected with ROA %. Xinjiang Machinery Research Institute Co's annualized ROA % for the quarter that ended in Mar. 2024 was -9.04%. Total Assets is also linked to Revenue through Asset Turnover. Xinjiang Machinery Research Institute Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Xinjiang Machinery Research Institute Co Total Assets Historical Data

The historical data trend for Xinjiang Machinery 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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Xinjiang Machinery Research Institute Co Total Assets Chart

Xinjiang Machinery Research Institute Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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7,722.35

3,860.32

3,147.06

3,299.01

2,966.99

Xinjiang Machinery 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															3,385.85	3,203.61	3,373.46	2,966.99	2,822.82

Xinjiang Machinery 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.

Xinjiang Machinery 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 )
	=	24.832	+	2942.156
	=	2,967

Xinjiang Machinery 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 )
	=	-44.474	+	2867.298
	=	2,823

Xinjiang Machinery Research Institute Co (SZSE:300159) Total Assets Explanation

Total Assets is connected with ROA %.

Xinjiang Machinery 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 )
	=	-261.736	/	( (2966.987	+	2822.824)	/ 2 )
	=	-261.736	/	2894.9055
	=	-9.04 %

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.

Xinjiang Machinery 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 )
=	31.244	/	( (2966.987	+	2822.824)	/ 2 )
=	31.244	/	2894.9055
=	0.01

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.

Xinjiang Machinery Research Institute Co Total Assets Related Terms

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Xinjiang Machinery Research Institute Co (SZSE:300159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xinjiang Machinery Research Institute Co Ltd (SZSE:300159) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Xinjiang 239, Beijing Road, Urumqi, Beijing, CHN, 830,013

Website

http://www.xjjxy.com.cn

Xinjiang Machinery Research Institute Co Ltd is engaged in the research, design, manufacture, and sale of agricultural and livestock machinery. The company specializes in medium and high-end agricultural and animal husbandry machinery products. The main products include series wheeled tractors, farming machinery, large self-propelled grain harvester family, self-propelled corn harvester series, straw forage harvester series, cash crop harvesting machine, and fruit machine.

Executives

Wu Yang	Directors, executives
Zhou Wei Hua	Director
Feng Guo Xiang	Supervisors
Yang Li Jun	Director
Jiang Ren Xi	Executives
Wang Xiao Yu	Executives
Mao Shan Yi	Supervisors
Li Ji Lan	Executives
Jin Fan	Executives
Si Wen Feng	Director
A Li Mu Mai Mai Ti Tu Er Xun	Supervisors
Wang Jian Jun	Directors, Directors, and Executives
Li Li	Director

Xinjiang Machinery Research Institute Co (SZSE:300159) Headlines

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