Inner Mongolia ERDOS Resources Co (SHSE:600295) Total Assets : ¥48,592 Mil (As of Mar. 2024)

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What is Inner Mongolia ERDOS Resources Co Total Assets?

Inner Mongolia ERDOS Resources Co's Total Assets for the quarter that ended in Mar. 2024 was ¥48,592 Mil.

During the past 12 months, Inner Mongolia ERDOS Resources Co's average Total Assets Growth Rate was 1.90% per year. During the past 3 years, the average Total Assets Growth Rate was 2.90% per year. During the past 5 years, the average Total Assets Growth Rate was 0.80% per year. During the past 10 years, the average Total Assets Growth Rate was 0.50% per year.

During the past 13 years, Inner Mongolia ERDOS Resources Co's highest 3-Year average Total Assets Growth Rate was 50.20%. The lowest was -1.80%. And the median was 14.90%.

Total Assets is connected with ROA %. Inner Mongolia ERDOS Resources Co's annualized ROA % for the quarter that ended in Mar. 2024 was 2.85%. Total Assets is also linked to Revenue through Asset Turnover. Inner Mongolia ERDOS Resources Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Inner Mongolia ERDOS Resources Co Total Assets Historical Data

The historical data trend for Inner Mongolia ERDOS Resources 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.

Inner Mongolia ERDOS Resources Co Total Assets Chart

Inner Mongolia ERDOS Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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49,598.03

47,110.22

49,807.20

48,109.18

48,568.35

Inner Mongolia ERDOS Resources Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															49,117.88	47,613.35	49,176.70	48,568.35	48,592.46

Inner Mongolia ERDOS Resources 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.

Inner Mongolia ERDOS Resources 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 )
	=	26393.775	+	22174.576
	=	48,568

Inner Mongolia ERDOS Resources 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 )
	=	26849.261	+	21743.199
	=	48,592

Inner Mongolia ERDOS Resources Co (SHSE:600295) Total Assets Explanation

Total Assets is connected with ROA %.

Inner Mongolia ERDOS Resources 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 )
	=	1386.34	/	( (48568.351	+	48592.459)	/ 2 )
	=	1386.34	/	48580.405
	=	2.85 %

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.

Inner Mongolia ERDOS Resources 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 )
=	6700.909	/	( (48568.351	+	48592.459)	/ 2 )
=	6700.909	/	48580.405
=	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.

Inner Mongolia ERDOS Resources Co Total Assets Related Terms

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Inner Mongolia ERDOS Resources Co (SHSE:600295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Inner Mongolia ERDOS Resources Co Ltd (SHSE:600295) » Definitions » Total Assets

Traded in Other Exchanges

900936:China

Address

No.1, Hantai Light Textile Street, Dongsheng District, Inner Mongolia Autonomous Region, Erdos City, CHN, 017000

Website

http://www.chinaerdos.com

Inner Mongolia ERDOS Resources Co Ltd operates in the textile and garment industry. The company is mainly engaged in the cashmere clothing production. In addition, the company is also engaged in coal mining, power generation, silicon ferroalloy, chlor-alkali chemicals, fertilizers, polysilicon and other products processing and sales. Its product range consists of a cashmere sweater and other cashmere products, ferrosilicon, Si-Mn alloy, coal, calcium carbide, and polyvinyl chloride resin.

Executives

Zhang Mei Rong	Director
Wang Zhen	Director
Zhang Yi Ling	Director

Inner Mongolia ERDOS Resources Co (SHSE:600295) Headlines

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