Huafon Microfibre (Shanghai) Co (SZSE:300180) Total Assets : ¥7,327 Mil (As of Mar. 2024)

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What is Huafon Microfibre (Shanghai) Co Total Assets?

Huafon Microfibre (Shanghai) Co's Total Assets for the quarter that ended in Mar. 2024 was ¥7,327 Mil.

During the past 12 months, Huafon Microfibre (Shanghai) Co's average Total Assets Growth Rate was -6.20% per year. During the past 3 years, the average Total Assets Growth Rate was -2.50% per year. During the past 5 years, the average Total Assets Growth Rate was -0.60% per year. During the past 10 years, the average Total Assets Growth Rate was 20.40% per year.

During the past 13 years, Huafon Microfibre (Shanghai) Co's highest 3-Year average Total Assets Growth Rate was 58.80%. The lowest was -2.70%. And the median was 31.60%.

Total Assets is connected with ROA %. Huafon Microfibre (Shanghai) Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.24%. Total Assets is also linked to Revenue through Asset Turnover. Huafon Microfibre (Shanghai) Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Huafon Microfibre (Shanghai) Co Total Assets Historical Data

The historical data trend for Huafon Microfibre (Shanghai) 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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Huafon Microfibre (Shanghai) Co Total Assets Chart

Huafon Microfibre (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8,390.05

8,060.97

8,370.69

7,990.33

7,577.23

Huafon Microfibre (Shanghai) 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															8,097.18	8,112.70	7,924.65	7,577.23	7,326.72

Huafon Microfibre (Shanghai) 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.

Huafon Microfibre (Shanghai) 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 )
	=	4556.587	+	3020.64
	=	7,577

Huafon Microfibre (Shanghai) 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 )
	=	4575.922	+	2750.795
	=	7,327

Huafon Microfibre (Shanghai) Co (SZSE:300180) Total Assets Explanation

Total Assets is connected with ROA %.

Huafon Microfibre (Shanghai) 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 )
	=	92.2	/	( (7577.227	+	7326.716)	/ 2 )
	=	92.2	/	7451.9715
	=	1.24 %

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.

Huafon Microfibre (Shanghai) 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 )
=	1192.457	/	( (7577.227	+	7326.716)	/ 2 )
=	1192.457	/	7451.9715
=	0.16

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.

Huafon Microfibre (Shanghai) Co Total Assets Related Terms

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Huafon Microfibre (Shanghai) Co (SZSE:300180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Huafon Microfibre (Shanghai) Co Ltd (SZSE:300180) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

888 South Tingwei Road, Jinshan District, Shanghai, CHN, 201508

Website

http://microfibre.huafeng.com/

Huafon Microfibre (Shanghai) Co Ltd is engaged in the development, manufacture, and marketing of microfibre leather. Its main products include PU resin, bundle superfine fibre, non-woven fabric, coagulation, coating, and dyeing. Geographically the activities are carried out through China.

Executives

Xian Dan	Director
Zhao Yu Biao	Independent director
You Xiao Ping	Director
Zhao Hong Kai	Directors, executives
Duan Wei Dong	Directors, executives
Yu Shao Ting	Supervisors
Cai Kai Cheng	Executives
Liu Yong Sheng	Supervisors
Cheng Ming	Director, Director, Representative of Securities A
Wang Ke Liang	Directors, executives
Wang Dao Chong	Directors, executives

Huafon Microfibre (Shanghai) Co (SZSE:300180) Headlines

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