Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Total Assets : ¥3,435 Mil (As of Mar. 2024)

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What is Wuxi Xinhongye Wire And Cable Co Total Assets?

Wuxi Xinhongye Wire And Cable Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,435 Mil.

During the past 12 months, Wuxi Xinhongye Wire And Cable Co's average Total Assets Growth Rate was 58.90% per year. During the past 3 years, the average Total Assets Growth Rate was 57.60% per year. During the past 5 years, the average Total Assets Growth Rate was 44.40% per year.

During the past 6 years, Wuxi Xinhongye Wire And Cable Co's highest 3-Year average Total Assets Growth Rate was 57.60%. The lowest was 31.60%. And the median was 53.60%.

Total Assets is connected with ROA %. Wuxi Xinhongye Wire And Cable Co's annualized ROA % for the quarter that ended in Mar. 2024 was 3.35%. Total Assets is also linked to Revenue through Asset Turnover. Wuxi Xinhongye Wire And Cable Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Wuxi Xinhongye Wire And Cable Co Total Assets Historical Data

The historical data trend for Wuxi Xinhongye Wire And Cable 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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Wuxi Xinhongye Wire And Cable Co Total Assets Chart

Wuxi Xinhongye Wire And Cable Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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532.58

841.24

1,429.39

2,309.60

3,382.79

Wuxi Xinhongye Wire And Cable Co 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											2,338.92	3,968.92	3,737.59	3,382.79	3,435.03

Wuxi Xinhongye Wire And Cable 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.

Wuxi Xinhongye Wire And Cable 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 )
	=	2246.872	+	1135.922
	=	3,383

Wuxi Xinhongye Wire And Cable 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 )
	=	2277.229	+	1157.802
	=	3,435

Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Total Assets Explanation

Total Assets is connected with ROA %.

Wuxi Xinhongye Wire And Cable 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 )
	=	114.36	/	( (3382.794	+	3435.031)	/ 2 )
	=	114.36	/	3408.9125
	=	3.35 %

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.

Wuxi Xinhongye Wire And Cable 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 )
=	486.122	/	( (3382.794	+	3435.031)	/ 2 )
=	486.122	/	3408.9125
=	0.14

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.

Wuxi Xinhongye Wire And Cable Co Total Assets Related Terms

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Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Xinhongye Wire And Cable Co Ltd (SZSE:301310) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 17, Hexin Road, Xishan Economic and Technological Development Zone, Jiangsu, Wuxi, CHN, 214101

Website

http://www.xhycable.com

Wuxi Xinhongye Wire And Cable Co Ltd are engaged in Research &Development, production, and sales of photovoltaic cables, new energy vehicle cables, industrial cables, and other special cables. The company has broad market development prospects, and its products are widely used in various industries such as power distribution systems, automobiles, new energy vehicles, electrical wiring harnesses, UPS power supplies, transformers, motors, sensors, thermal protectors, and new energy sources worldwide.

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