China High-Speed Railway Technology Co (SZSE:000008) Total Assets : ¥10,663 Mil (As of Mar. 2024)

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What is China High-Speed Railway Technology Co Total Assets?

China High-Speed Railway Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥10,663 Mil.

During the past 12 months, China High-Speed Railway Technology Co's average Total Assets Growth Rate was -4.70% per year. During the past 3 years, the average Total Assets Growth Rate was -5.60% per year. During the past 5 years, the average Total Assets Growth Rate was 1.20% per year. During the past 10 years, the average Total Assets Growth Rate was 35.40% per year.

During the past 13 years, China High-Speed Railway Technology Co's highest 3-Year average Total Assets Growth Rate was 174.50%. The lowest was -40.70%. And the median was 5.05%.

Total Assets is connected with ROA %. China High-Speed Railway Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was -1.82%. Total Assets is also linked to Revenue through Asset Turnover. China High-Speed Railway Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

China High-Speed Railway Technology Co Total Assets Historical Data

The historical data trend for China High-Speed Railway Technology 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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China High-Speed Railway Technology Co Total Assets Chart

China High-Speed Railway Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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12,044.54

12,910.44

12,384.89

11,248.09

10,655.46

China High-Speed Railway Technology 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															11,454.82	11,641.48	11,086.86	10,655.46	10,663.44

China High-Speed Railway Technology 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.

China High-Speed Railway Technology 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 )
	=	3654.393	+	7001.062
	=	10,655

China High-Speed Railway Technology 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 )
	=	3603.758	+	7059.682
	=	10,663

China High-Speed Railway Technology Co (SZSE:000008) Total Assets Explanation

Total Assets is connected with ROA %.

China High-Speed Railway Technology 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 )
	=	-194.472	/	( (10655.456	+	10663.44)	/ 2 )
	=	-194.472	/	10659.448
	=	-1.82 %

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.

China High-Speed Railway Technology 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 )
=	180.32	/	( (10655.456	+	10663.44)	/ 2 )
=	180.32	/	10659.448
=	0.02

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.

China High-Speed Railway Technology Co Total Assets Related Terms

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China High-Speed Railway Technology Co (SZSE:000008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China High-Speed Railway Technology Co Ltd (SZSE:000008) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Gaoliangqiao Street, 16 / F, Building 1, No. 59, Haidian District, Beijing, CHN, 100044

Website

http://www.shenzhou-gaotie.com

China High-Speed Railway Technology Co Ltd is a China-based company engages in the operation and maintenance of rail transit. Its products include high power locomotive, long rail welding, and maintenance series, power supply system operation, railway intelligent equipment and station scheduling series. It provides overall solutions, core equipment, and integrated services for rail transit operations and maintenance.

Executives

Wang Zhi Quan	Directors, executives
Gao Hui	Supervisors
Wang Li Qun	Executives
Chen Wen He	Securities Affairs Representative
Lai Wei Qiang	Director
Xu Jin	Independent director
Chen Han Lun	Supervisors
Yang Jian	Supervisors

China High-Speed Railway Technology Co (SZSE:000008) Headlines

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