Ningbo Fangzheng Automobile Mould Co (SZSE:300998) Total Assets : ¥2,371.5 Mil (As of Mar. 2024)

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What is Ningbo Fangzheng Automobile Mould Co Total Assets?

Ningbo Fangzheng Automobile Mould Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,371.5 Mil.

During the past 12 months, Ningbo Fangzheng Automobile Mould Co's average Total Assets Growth Rate was 28.20% per year. During the past 3 years, the average Total Assets Growth Rate was 9.80% per year. During the past 5 years, the average Total Assets Growth Rate was 11.20% per year.

During the past 8 years, Ningbo Fangzheng Automobile Mould Co's highest 3-Year average Total Assets Growth Rate was 15.80%. The lowest was 6.50%. And the median was 12.30%.

Total Assets is connected with ROA %. Ningbo Fangzheng Automobile Mould Co's annualized ROA % for the quarter that ended in Mar. 2024 was -0.98%. Total Assets is also linked to Revenue through Asset Turnover. Ningbo Fangzheng Automobile Mould Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

Ningbo Fangzheng Automobile Mould Co Total Assets Historical Data

The historical data trend for Ningbo Fangzheng Automobile Mould 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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Ningbo Fangzheng Automobile Mould Co Total Assets Chart

Ningbo Fangzheng Automobile Mould Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,014.20

1,111.34

1,191.00

1,394.31

2,440.95

Ningbo Fangzheng Automobile Mould Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															2,225.46	2,451.07	2,461.70	2,440.95	2,371.50

Ningbo Fangzheng Automobile Mould 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.

Ningbo Fangzheng Automobile Mould 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 )
	=	1497.999	+	942.955
	=	2,441.0

Ningbo Fangzheng Automobile Mould 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 )
	=	1471.08	+	900.423
	=	2,371.5

Ningbo Fangzheng Automobile Mould Co (SZSE:300998) Total Assets Explanation

Total Assets is connected with ROA %.

Ningbo Fangzheng Automobile Mould 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 )
	=	-23.644	/	( (2440.954	+	2371.503)	/ 2 )
	=	-23.644	/	2406.2285
	=	-0.98 %

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.

Ningbo Fangzheng Automobile Mould 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 )
=	197.43	/	( (2440.954	+	2371.503)	/ 2 )
=	197.43	/	2406.2285
=	0.08

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.

Ningbo Fangzheng Automobile Mould Co Total Assets Related Terms

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Ningbo Fangzheng Automobile Mould Co (SZSE:300998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Fangzheng Automobile Mould Co Ltd (SZSE:300998) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 1, Sanshen Middle Road, Meilin Street, Zhejiang Province, Ninghai, CHN, 315609

Website

http://www.fzmould.com

Ningbo Fangzheng Automobile Mould Co Ltd is engaged in research and development, design, manufacturing and sales of automotive plastic molds. It offers automobile parts, molds, inspection tools, and plastic products. The company is also engaged in research and development, manufacturing, processing, sales, technical consulting, and after-sales service.

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