Zenner Metering Technology (Shanghai) (SZSE:301303) Total Assets : ¥3,752 Mil (As of Mar. 2024)

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What is Zenner Metering Technology (Shanghai) Total Assets?

Zenner Metering Technology (Shanghai)'s Total Assets for the quarter that ended in Mar. 2024 was ¥3,752 Mil.

During the past 12 months, Zenner Metering Technology (Shanghai)'s average Total Assets Growth Rate was 14.20% per year. During the past 3 years, the average Total Assets Growth Rate was 47.40% per year. During the past 5 years, the average Total Assets Growth Rate was 34.70% per year.

During the past 6 years, Zenner Metering Technology (Shanghai)'s highest 3-Year average Total Assets Growth Rate was 47.40%. The lowest was 24.50%. And the median was 26.80%.

Total Assets is connected with ROA %. Zenner Metering Technology (Shanghai)'s annualized ROA % for the quarter that ended in Mar. 2024 was 6.82%. Total Assets is also linked to Revenue through Asset Turnover. Zenner Metering Technology (Shanghai)'s Asset Turnover for the quarter that ended in Mar. 2024 was 0.07.

Zenner Metering Technology (Shanghai) Total Assets Historical Data

The historical data trend for Zenner Metering Technology (Shanghai)'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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Zenner Metering Technology (Shanghai) Total Assets Chart

Zenner Metering Technology (Shanghai) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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856.31

1,150.06

1,393.06

1,789.90

3,750.28

Zenner Metering Technology (Shanghai) Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial											3,520.55	3,473.10	3,539.58	3,750.28	3,752.34

Zenner Metering Technology (Shanghai) 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.

Zenner Metering Technology (Shanghai)'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 )
	=	3093.98	+	656.3
	=	3,750

Zenner Metering Technology (Shanghai)'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 )
	=	3159.251	+	593.086
	=	3,752

Zenner Metering Technology (Shanghai) (SZSE:301303) Total Assets Explanation

Total Assets is connected with ROA %.

Zenner Metering Technology (Shanghai)'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 )
	=	255.996	/	( (3750.28	+	3752.336)	/ 2 )
	=	255.996	/	3751.308
	=	6.82 %

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.

Zenner Metering Technology (Shanghai)'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 )
=	270.763	/	( (3750.28	+	3752.336)	/ 2 )
=	270.763	/	3751.308
=	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.

Zenner Metering Technology (Shanghai) Total Assets Related Terms

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Zenner Metering Technology (Shanghai) (SZSE:301303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zenner Metering Technology (Shanghai) Ltd (SZSE:301303) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 6558 Yinggang East Road, Building 4, Qingpu District, Shanghai, CHN, 201703

Website

https://www.zenner-metering.com

Zenner Metering Technology (Shanghai) Ltd is engaged in the research and development, manufacture and sales of gas metering instruments and supporting products. The main products are wide-range series civil membrane gas meters and industrial and commercial membrane gas meters, NB-IoT IoT gas meters, wireless remote transmission gas meters, IC card smart gas meters, ultrasonic gas meters, ultrasonic flow meters, smart gas waist wheels Flow meter & turbine flow meter, IoT intelligent controller, bellows, ATM self-service payment system, Bluetooth smart card and iGasLink smart gas information cloud platform based on cloud service.

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