Zhejiang Hengda New Material Co (SZSE:301469) Total Assets : ¥1,641 Mil (As of Sep. 2024)

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What is Zhejiang Hengda New Material Co Total Assets?

Zhejiang Hengda New Material Co's Total Assets for the quarter that ended in Sep. 2024 was ¥1,641 Mil.

Warning Sign:

If a company builds assets at 13.7% a year, faster than its revenue growth rate of 10.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Zhejiang Hengda New Material Co's average Total Assets Growth Rate was -3.00% per year. During the past 3 years, the average Total Assets Growth Rate was 25.60% per year. During the past 5 years, the average Total Assets Growth Rate was 13.70% per year.

During the past 10 years, Zhejiang Hengda New Material Co's highest 3-Year average Total Assets Growth Rate was 29.80%. The lowest was 4.60%. And the median was 16.90%.

Total Assets is connected with ROA %. Zhejiang Hengda New Material Co's annualized ROA % for the quarter that ended in Sep. 2024 was 3.40%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang Hengda New Material Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.15.

Zhejiang Hengda New Material Co Total Assets Historical Data

The historical data trend for Zhejiang Hengda New Material 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 Hengda New Material Co Total Assets Chart

Zhejiang Hengda New Material Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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688.03

758.21

833.26

887.41

1,698.40

Zhejiang Hengda New Material Co Quarterly Data
	Dec14	Jun15	Dec15	Dec16	Jun17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															1,621.24	1,698.40	1,653.62	1,641.81	1,641.19

Zhejiang Hengda New Material 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 Hengda New Material 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 )
	=	1365.433	+	332.962
	=	1,698

Zhejiang Hengda New Material 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 )
	=	1354.439	+	286.755
	=	1,641

Zhejiang Hengda New Material Co (SZSE:301469) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang Hengda New Material 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 )
	=	55.732	/	( (1641.81	+	1641.194)	/ 2 )
	=	55.732	/	1641.502
	=	3.40 %

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.

Zhejiang Hengda New Material 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 )
=	239.718	/	( (1641.81	+	1641.194)	/ 2 )
=	239.718	/	1641.502
=	0.15

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 Hengda New Material Co Total Assets Related Terms

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Zhejiang Hengda New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhejiang Hengda New Material Co Ltd (SZSE:301469) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Daming Road, Industrial Park, Huzhen Town, Longyou County, Zhejiang, Quzhou, CHN, 324401

Website

http://www.hengdaxincai.com

Zhejiang Hengda New Material Co Ltd is a national high-tech enterprise engaged in the production and research & development of special new paper-based packaging materials. The company has several international advanced special paper production lines, specializing in the production and R & D of various high-grade medical packaging series paper, food packaging series paper, cigarette supporting paper, industrial technology supporting paper, etc. with the personality quality of green, health, safety and environmental protection, the company mainly serves the medical health industry and the international well-known fast food consumption industry, Meet customers one-stop purchase demand for medical and food packaging paper, and realize win-win cooperation at the same time.

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