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Qingdao Kutesmart Co (SZSE:300840) Total Assets : ¥1,711.8 Mil (As of Sep. 2024)


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What is Qingdao Kutesmart Co Total Assets?

Qingdao Kutesmart Co's Total Assets for the quarter that ended in Sep. 2024 was ¥1,711.8 Mil.

During the past 12 months, Qingdao Kutesmart Co's average Total Assets Growth Rate was 13.80% per year. During the past 3 years, the average Total Assets Growth Rate was 15.80% per year. During the past 5 years, the average Total Assets Growth Rate was 14.40% per year.

During the past 9 years, Qingdao Kutesmart Co's highest 3-Year average Total Assets Growth Rate was 31.30%. The lowest was 2.70%. And the median was 16.15%.

Total Assets is connected with ROA %. Qingdao Kutesmart Co's annualized ROA % for the quarter that ended in Sep. 2024 was 17.09%. Total Assets is also linked to Revenue through Asset Turnover. Qingdao Kutesmart Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.11.


Qingdao Kutesmart Co Total Assets Historical Data

The historical data trend for Qingdao Kutesmart 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.

* Premium members only.

Qingdao Kutesmart Co Total Assets Chart

Qingdao Kutesmart Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only 763.02 1,133.85 1,345.68 1,583.10 1,724.80

Qingdao Kutesmart Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,654.22 1,724.80 1,780.31 1,610.25 1,711.82

Qingdao Kutesmart 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.

Qingdao Kutesmart 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 )
=1179.587+545.215
=1,724.8

Qingdao Kutesmart Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=1320.623+391.201
=1,711.8

* 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.


Qingdao Kutesmart Co  (SZSE:300840) Total Assets Explanation

Total Assets is connected with ROA %.

Qingdao Kutesmart Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=283.872/( (1610.25+1711.824)/ 2 )
=283.872/1661.037
=17.09 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Qingdao Kutesmart Co's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=179.173/( (1610.25+1711.824)/ 2 )
=179.173/1661.037
=0.11

* 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.

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.

Qingdao Kutesmart Co Total Assets Related Terms

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Qingdao Kutesmart Co Business Description

Traded in Other Exchanges
N/A
Address
No. 17 Red Collar Street, Jimo District, Shandong Province, Qingdao, CHN
Qingdao Kutesmart Co Ltd is an apparel manufacturing company. The company offers personalized customized menswear and womenswear. Its brands include REDCOLLAR red collar, CAMEO Kay wonderful, R.PRINCE Ruipu, RCOLLAR and other customized brands, for the domestic market and the United States, Europe, Australia and other overseas markets.
Executives
Zhang Peng Director

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