Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Total Assets : ¥6,094 Mil (As of Mar. 2024)

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What is Nanjing Kangni Mechanical & Electrical Co Total Assets?

Nanjing Kangni Mechanical & Electrical Co's Total Assets for the quarter that ended in Mar. 2024 was ¥6,094 Mil.

During the past 12 months, Nanjing Kangni Mechanical & Electrical Co's average Total Assets Growth Rate was 11.30% per year. During the past 3 years, the average Total Assets Growth Rate was 8.10% per year. During the past 5 years, the average Total Assets Growth Rate was 2.40% per year. During the past 10 years, the average Total Assets Growth Rate was 12.40% per year.

During the past 13 years, Nanjing Kangni Mechanical & Electrical Co's highest 3-Year average Total Assets Growth Rate was 74.60%. The lowest was -19.20%. And the median was 16.10%.

Total Assets is connected with ROA %. Nanjing Kangni Mechanical & Electrical Co's annualized ROA % for the quarter that ended in Mar. 2024 was 2.88%. Total Assets is also linked to Revenue through Asset Turnover. Nanjing Kangni Mechanical & Electrical Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Nanjing Kangni Mechanical & Electrical Co Total Assets Historical Data

The historical data trend for Nanjing Kangni Mechanical & Electrical 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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Nanjing Kangni Mechanical & Electrical Co Total Assets Chart

Nanjing Kangni Mechanical & Electrical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,723.04

5,444.51

5,837.24

5,993.97

6,308.12

Nanjing Kangni Mechanical & Electrical 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															5,814.28	5,793.37	5,857.87	6,308.12	6,093.65

Nanjing Kangni Mechanical & Electrical 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.

Nanjing Kangni Mechanical & Electrical 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 )
	=	4019.186	+	2288.935
	=	6,308

Nanjing Kangni Mechanical & Electrical 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 )
	=	3971.156	+	2122.494
	=	6,094

Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Total Assets Explanation

Total Assets is connected with ROA %.

Nanjing Kangni Mechanical & Electrical 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 )
	=	178.396	/	( (6308.122	+	6093.65)	/ 2 )
	=	178.396	/	6200.886
	=	2.88 %

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.

Nanjing Kangni Mechanical & Electrical 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 )
=	725.267	/	( (6308.122	+	6093.65)	/ 2 )
=	725.267	/	6200.886
=	0.12

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.

Nanjing Kangni Mechanical & Electrical Co Total Assets Related Terms

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Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nanjing Kangni Mechanical & Electrical Co Ltd (SHSE:603111) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

19, Hengda Road, Economic and Technological Development Zone, Nanjing, CHN, 210038

Website

http://www.kn-nanjing.com

Nanjing Kangni Mechanical & Electrical Co Ltd IS engaged in the research and development, manufacturing and maintenance of railway vehicle door system. It has cooperated with major car builders such as Bombardier, Alstom, and Siemens to sell products all over the world, including France, Canada, Turkey, Singapore, Argentina, America, Saudi Arabia and Brazil. It also provides other a full suite of related products such as interior fittings, power connectors, platform screen doors, new energy products for automobile industry and precision machining equipment.

Executives

Liao Liang Mao	Director
Li Hong	senior management
Xu Qing	senior management
Chen Lei	senior management
Wang Ya Dong	senior management
Zhang Jin Xiong	Supervisors
Xu Guan Nan	senior management
Tang Wei Hua	senior management
Liu Wen Ping	Director
Gu Mei Hua	senior management
Gao Wen Ming	Director
Zhu Wei Dong	senior management
Shi Xiang	senior management
Chen Ying Qi	Director

Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Headlines

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