Wuxi Xuelang Environmental Technology Co (SZSE:300385) Total Assets : ¥3,147 Mil (As of Mar. 2024)

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What is Wuxi Xuelang Environmental Technology Co Total Assets?

Wuxi Xuelang Environmental Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,147 Mil.

During the past 12 months, Wuxi Xuelang Environmental Technology Co's average Total Assets Growth Rate was -0.70% per year. During the past 3 years, the average Total Assets Growth Rate was -5.90% per year. During the past 5 years, the average Total Assets Growth Rate was 2.10% per year. During the past 10 years, the average Total Assets Growth Rate was 18.10% per year.

During the past 13 years, Wuxi Xuelang Environmental Technology Co's highest 3-Year average Total Assets Growth Rate was 38.20%. The lowest was -5.90%. And the median was 25.85%.

Total Assets is connected with ROA %. Wuxi Xuelang Environmental Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was -2.82%. Total Assets is also linked to Revenue through Asset Turnover. Wuxi Xuelang Environmental Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Wuxi Xuelang Environmental Technology Co Total Assets Historical Data

The historical data trend for Wuxi Xuelang Environmental Technology 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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Wuxi Xuelang Environmental Technology Co Total Assets Chart

Wuxi Xuelang Environmental Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,322.73

3,837.63

3,624.51

3,185.45

3,269.11

Wuxi Xuelang Environmental Technology 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															3,168.05	3,215.15	3,171.79	3,269.11	3,146.76

Wuxi Xuelang Environmental Technology 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.

Wuxi Xuelang Environmental Technology 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 )
	=	783.538	+	2485.57
	=	3,269

Wuxi Xuelang Environmental Technology 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 )
	=	760.746	+	2386.01
	=	3,147

Wuxi Xuelang Environmental Technology Co (SZSE:300385) Total Assets Explanation

Total Assets is connected with ROA %.

Wuxi Xuelang Environmental Technology 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 )
	=	-90.54	/	( (3269.109	+	3146.756)	/ 2 )
	=	-90.54	/	3207.9325
	=	-2.82 %

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.

Wuxi Xuelang Environmental Technology 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 )
=	63.554	/	( (3269.109	+	3146.756)	/ 2 )
=	63.554	/	3207.9325
=	0.02

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.

Wuxi Xuelang Environmental Technology Co Total Assets Related Terms

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Wuxi Xuelang Environmental Technology Co (SZSE:300385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Wuxi Xuelang Environmental Technology Co Ltd (SZSE:300385) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2020, Wuhu Avenue, Binhu District, Wuxi, CHN, 214128

Website

http://www.cecm.com.cn

Wuxi Xuelang Environmental Technology Co Ltd is an engineering system equipment integrator and environmental management overall solution provider. Its main business includes Flue gas purification and ash disposal business, and Hazardous waste incineration disposal business. It is engaged mainly in the collection of garbage incineration, dust ash, flue gas purification, ash handling, rolling, industrial chains, appliance instrumentation technology development for the integrated enterprise.

Executives

Yang Jian Ping	Director
Yang Jian Lin	Executives
Zhu Xiang Jun	Independent director
Wang Li	Executives

Wuxi Xuelang Environmental Technology Co (SZSE:300385) Headlines

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