Zhejiang Lenor Flow Control Technology Co (SZSE:300838) Total Assets : ¥1,462 Mil (As of Mar. 2024)

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What is Zhejiang Lenor Flow Control Technology Co Total Assets?

Zhejiang Lenor Flow Control Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,462 Mil.

Warning Sign:

If a company builds assets at 22.8% a year, faster than its revenue growth rate of 14.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Zhejiang Lenor Flow Control Technology Co's average Total Assets Growth Rate was 7.80% per year. During the past 3 years, the average Total Assets Growth Rate was 16.30% per year. During the past 5 years, the average Total Assets Growth Rate was 22.80% per year. During the past 10 years, the average Total Assets Growth Rate was 17.10% per year.

During the past 12 years, Zhejiang Lenor Flow Control Technology Co's highest 3-Year average Total Assets Growth Rate was 28.30%. The lowest was 8.00%. And the median was 15.30%.

Total Assets is connected with ROA %. Zhejiang Lenor Flow Control Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.83%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang Lenor Flow Control Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Zhejiang Lenor Flow Control Technology Co Total Assets Historical Data

The historical data trend for Zhejiang Lenor Flow Control 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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Zhejiang Lenor Flow Control Technology Co Total Assets Chart

Zhejiang Lenor Flow Control Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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619.13

979.16

1,238.32

1,411.98

1,455.56

Zhejiang Lenor Flow Control 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															1,383.81	1,341.36	1,456.75	1,455.56	1,461.56

Zhejiang Lenor Flow Control 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.

Zhejiang Lenor Flow Control 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 )
	=	1006.991	+	448.567
	=	1,456

Zhejiang Lenor Flow Control 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 )
	=	1015.991	+	445.567
	=	1,462

Zhejiang Lenor Flow Control Technology Co (SZSE:300838) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang Lenor Flow Control 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 )
	=	26.704	/	( (1455.557	+	1461.558)	/ 2 )
	=	26.704	/	1458.5575
	=	1.83 %

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.

Zhejiang Lenor Flow Control 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 )
=	181.732	/	( (1455.557	+	1461.558)	/ 2 )
=	181.732	/	1458.5575
=	0.12

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.

Zhejiang Lenor Flow Control Technology Co Total Assets Related Terms

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Zhejiang Lenor Flow Control Technology Co (SZSE:300838) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Lenor Flow Control Technology Co Ltd (SZSE:300838) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

No. 99, Weiyi Road, High-tech (Ge Lane) Park, Ruian City, Zhejiang Province, Wenzhou, CHN, 325200

Website

http://www.linuovalve.com

Zhejiang Linuo Flow Control Technology Co Ltd engages in the development, design, production and sale of fluid control equipment. The company provides total solutions on control valve for fluid industrial customers in the field of energy, petrochemical engineering, metallurgy, chemical engineering, paper-making, environmental protection, biochemistry, and medicine. Its products include Segment Ball Valve; Knife Gate Valve; Ball Valve; Globe Control Valve; Butterfly Valve; and Actuator.

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