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Jiangxi First Hydraulic Co (SZSE:301446) Total Assets : ¥1,309.7 Mil (As of Sep. 2024)


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What is Jiangxi First Hydraulic Co Total Assets?

Jiangxi First Hydraulic Co's Total Assets for the quarter that ended in Sep. 2024 was ¥1,309.7 Mil.

During the past 12 months, Jiangxi First Hydraulic Co's average Total Assets Growth Rate was 5.60% per year. During the past 3 years, the average Total Assets Growth Rate was 26.60% per year.

During the past 5 years, Jiangxi First Hydraulic Co's highest 3-Year average Total Assets Growth Rate was 55.70%. The lowest was 26.60%. And the median was 41.15%.

Total Assets is connected with ROA %. Jiangxi First Hydraulic Co's annualized ROA % for the quarter that ended in Sep. 2024 was 3.71%. Total Assets is also linked to Revenue through Asset Turnover. Jiangxi First Hydraulic Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.07.

Jiangxi First Hydraulic Co Total Assets Historical Data

The historical data trend for Jiangxi First Hydraulic 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.

Jiangxi First Hydraulic Co Total Assets Chart

Jiangxi First Hydraulic Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
248.30 430.51 664.29 743.44 1,314.64

Jiangxi First Hydraulic Co Quarterly Data
Dec19 Dec20 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 1,330.50 1,314.64 1,313.43 1,308.58 1,309.73

Jiangxi First Hydraulic 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.

Jiangxi First Hydraulic 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 )
=1107.33+207.309
=1,314.6

Jiangxi First Hydraulic 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 )
=1132.672+177.059
=1,309.7

* 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.

Jiangxi First Hydraulic Co  (SZSE:301446) Total Assets Explanation

Total Assets is connected with ROA %.

Jiangxi First Hydraulic 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 )
=48.552/( (1308.577+1309.731)/ 2 )
=48.552/1309.154
=3.71 %

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.

Jiangxi First Hydraulic 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 )
=97.425/( (1308.577+1309.731)/ 2 )
=97.425/1309.154
=0.07

* 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.

Jiangxi First Hydraulic Co Total Assets Related Terms

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Jiangxi First Hydraulic Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangxi First Hydraulic Co Ltd (SZSE:301446) » Definitions » Total Assets
Comparable Companies
SZSE:002248 SZSE:300195 SHSE:688170 SHSE:603289 SZSE:300281 BJSE:920098 SZSE:301528 SZSE:300992 SZSE:300412 SZSE:002774 XTER:SIE XPAR:SU ETN PH ITW OSTO:ATCO A EMR TSE:7011 CMI AME
Traded in Other Exchanges
N/A
Address
No. 1 Fushite Avenue, Shangrao Economic and Technological Development Zone, Jiangxi, Shangrao, CHN, 334100
Website
http://www.jx-first.com
Jiangxi First Hydraulic Co Ltd is a large-scale hydraulic product manufacturer specializing in the research and development, production and sales of hydraulic pipeline systems.

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