Hezong Science and Technology Co (SZSE:300477) Total Assets : ¥9,100 Mil (As of Mar. 2024)

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What is Hezong Science and Technology Co Total Assets?

Hezong Science and Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥9,100 Mil.

During the past 12 months, Hezong Science and Technology Co's average Total Assets Growth Rate was 42.80% per year. During the past 3 years, the average Total Assets Growth Rate was 28.90% per year. During the past 5 years, the average Total Assets Growth Rate was 11.80% per year. During the past 10 years, the average Total Assets Growth Rate was 28.20% per year.

During the past 13 years, Hezong Science and Technology Co's highest 3-Year average Total Assets Growth Rate was 71.30%. The lowest was 1.90%. And the median was 28.90%.

Total Assets is connected with ROA %. Hezong Science and Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was -2.51%. Total Assets is also linked to Revenue through Asset Turnover. Hezong Science and Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.07.

Hezong Science and Technology Co Total Assets Historical Data

The historical data trend for Hezong Science and 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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Hezong Science and Technology Co Total Assets Chart

Hezong Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,622.23

4,152.39

5,103.66

7,271.40

9,688.18

Hezong Science and 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															7,648.82	8,153.39	8,367.47	9,688.18	9,099.90

Hezong Science and 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.

Hezong Science and 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 )
	=	2309.959	+	7378.224
	=	9,688

Hezong Science and 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 )
	=	2182.581	+	6917.314
	=	9,100

Hezong Science and Technology Co (SZSE:300477) Total Assets Explanation

Total Assets is connected with ROA %.

Hezong Science and 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 )
	=	-235.468	/	( (9688.182	+	9099.895)	/ 2 )
	=	-235.468	/	9394.0385
	=	-2.51 %

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.

Hezong Science and 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 )
=	702.062	/	( (9688.182	+	9099.895)	/ 2 )
=	702.062	/	9394.0385
=	0.07

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.

Hezong Science and Technology Co Total Assets Related Terms

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Hezong Science and Technology Co (SZSE:300477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hezong Science and Technology Co Ltd (SZSE:300477) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

D-1211, Jiahua Building, Shangdi Sanjie, Haidian District, Beijing, CHN, 100085

Website

http://www.hezong-tech.com

Hezong Science and Technology Co Ltd is a high tech company providing technological solutions to their customers of power distribution and control equipment in the power industry. It is one-stop solution provider of power distribution systems in China, they offer products ranging from gas insulated ring main units, MV/LV air insulated switchgear, prefabricated substation, pole-mounted switches, distribution automation terminals (FTU/DTU), distribution transformers, to cable branching switchgear.

Executives

Wei Qiang	Directors, executives
Han Guo Liang	Directors, executives
Zhang Shu	Directors, Directors, and Executives
Gao Xing	Director
Zhang Xiao Yi	Executives
Wang Wei Ping	Supervisors
Zhang Ren Zeng	Director
He Yun	Director
Zhang Quan Zhong	Supervisors
Liu Ze Gang	Director
Liu Wei Dong	Independent director
Wang Xiao Xin	Supervisors

Hezong Science and Technology Co (SZSE:300477) Headlines

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