Shenzhen Gas (SHSE:601139) Total Assets : ¥45,696 Mil (As of Mar. 2024)

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What is Shenzhen Gas Total Assets?

Shenzhen Gas's Total Assets for the quarter that ended in Mar. 2024 was ¥45,696 Mil.

During the past 12 months, Shenzhen Gas's average Total Assets Growth Rate was 9.60% per year. During the past 3 years, the average Total Assets Growth Rate was 21.20% per year. During the past 5 years, the average Total Assets Growth Rate was 18.20% per year. During the past 10 years, the average Total Assets Growth Rate was 15.30% per year.

During the past 13 years, Shenzhen Gas's highest 3-Year average Total Assets Growth Rate was 23.20%. The lowest was 10.30%. And the median was 15.70%.

Total Assets is connected with ROA %. Shenzhen Gas's annualized ROA % for the quarter that ended in Mar. 2024 was 2.45%. Total Assets is also linked to Revenue through Asset Turnover. Shenzhen Gas's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.

Shenzhen Gas Total Assets Historical Data

The historical data trend for Shenzhen Gas'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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Shenzhen Gas Total Assets Chart

Shenzhen Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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23,215.76

25,556.29

34,096.21

38,200.72

44,269.90

Shenzhen Gas 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															39,457.15	40,090.30	44,176.71	44,269.90	45,696.07

Shenzhen Gas 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.

Shenzhen Gas'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 )
	=	17271.979	+	26997.924
	=	44,270

Shenzhen Gas'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 )
	=	17605.265	+	28090.8
	=	45,696

Shenzhen Gas (SHSE:601139) Total Assets Explanation

Total Assets is connected with ROA %.

Shenzhen Gas'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 )
	=	1102.712	/	( (44269.904	+	45696.065)	/ 2 )
	=	1102.712	/	44982.9845
	=	2.45 %

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.

Shenzhen Gas'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 )
=	6862.512	/	( (44269.904	+	45696.065)	/ 2 )
=	6862.512	/	44982.9845
=	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.

Shenzhen Gas Total Assets Related Terms

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Shenzhen Gas (SHSE:601139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Gas Corp Ltd (SHSE:601139) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Mei Road 268, Futian District, Guangdong Province, Shenzhen, CHN, 518049

Website

http://www.szgas.com.cn

Shenzhen Gas Corp Ltd is engaged in urban pipeline gas supply, liquefied petroleum gas wholesale, and bottled liquefied petroleum gas retail activities in China and internationally. It serves approximately 2.54 million pipeline gas customers. The company also holds rights for pipeline gas business in around 29 cities under the Shenzhen gas brand.

Executives

Zhuo Fan	Directors, senior managers
Wang Wen Jie	Director
Liu Zhao Yan	senior management
Guo Jia Jing	senior management
Yang Jin Biao	Supervisors
Liu Qiu Hui	Director
Yang Guang	senior management
Xue Bo	senior management
Li Zhen	Director
Zhang Wen He	senior management
Chen Qiu Xiong	Director
Sun Ping Gui	senior management
Ou Da Jiang	Director
Li Qing Ping	senior management

Shenzhen Gas (SHSE:601139) Headlines

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