Zhejiang Extek Technology Co (SZSE:301399) Total Assets : ¥1,377.1 Mil (As of Mar. 2024)

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What is Zhejiang Extek Technology Co Total Assets?

Zhejiang Extek Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,377.1 Mil.

During the past 12 months, Zhejiang Extek Technology Co's average Total Assets Growth Rate was 18.50% per year. During the past 3 years, the average Total Assets Growth Rate was 29.50% per year. During the past 5 years, the average Total Assets Growth Rate was 23.90% per year.

During the past 6 years, Zhejiang Extek Technology Co's highest 3-Year average Total Assets Growth Rate was 31.00%. The lowest was 21.90%. And the median was 29.50%.

Total Assets is connected with ROA %. Zhejiang Extek Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 3.02%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang Extek Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Zhejiang Extek Technology Co Total Assets Historical Data

The historical data trend for Zhejiang Extek 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 Extek Technology Co Total Assets Chart

Zhejiang Extek Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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228.31

286.57

376.27

541.93

1,425.79

Zhejiang Extek Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												507.84	1,442.07	1,466.11	1,425.79	1,377.10

Zhejiang Extek 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 Extek 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 )
	=	1311.205	+	114.59
	=	1,425.8

Zhejiang Extek 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 )
	=	1322.26	+	54.836
	=	1,377.1

Zhejiang Extek Technology Co (SZSE:301399) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang Extek 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 )
	=	42.344	/	( (1425.794	+	1377.097)	/ 2 )
	=	42.344	/	1401.4455
	=	3.02 %

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 Extek 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 )
=	86.839	/	( (1425.794	+	1377.097)	/ 2 )
=	86.839	/	1401.4455
=	0.06

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 Extek Technology Co Total Assets Related Terms

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Zhejiang Extek Technology Co (SZSE:301399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Extek Technology Co Ltd (SZSE:301399) » Definitions » Total Assets

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Address

No. 468, Lesan Road, Dipu Street, Anji County, Zhejiang Province, Huzhou, CHN, 313300

Website

http://www.extek.com.cn

Zhejiang Extek Technology Co Ltd is a high-tech enterprise specializing in the research, development, production and sales of high-efficiency heat exchangers. Its products mainly include high-efficiency new shell-and-tube heat exchangers, and coaxial casing heat Products such as heat exchangers and distributors, as the core components of heat pumps and air conditioners, are widely used in heating, hot water, refrigeration, industrial and agricultural production and other fields.

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