Chengdu Xingrong Environment Co (SZSE:000598) Total Assets : ¥46,116 Mil (As of Mar. 2024)

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What is Chengdu Xingrong Environment Co Total Assets?

Chengdu Xingrong Environment Co's Total Assets for the quarter that ended in Mar. 2024 was ¥46,116 Mil.

During the past 12 months, Chengdu Xingrong Environment Co's average Total Assets Growth Rate was 13.20% per year. During the past 3 years, the average Total Assets Growth Rate was 12.60% per year. During the past 5 years, the average Total Assets Growth Rate was 16.00% per year. During the past 10 years, the average Total Assets Growth Rate was 16.60% per year.

During the past 13 years, Chengdu Xingrong Environment Co's highest 3-Year average Total Assets Growth Rate was 144.00%. The lowest was -3.50%. And the median was 19.10%.

Total Assets is connected with ROA %. Chengdu Xingrong Environment Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.07%. Total Assets is also linked to Revenue through Asset Turnover. Chengdu Xingrong Environment Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

Chengdu Xingrong Environment Co Total Assets Historical Data

The historical data trend for Chengdu Xingrong Environment 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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Chengdu Xingrong Environment Co Total Assets Chart

Chengdu Xingrong Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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25,352.11

31,210.50

34,511.28

38,385.26

43,555.03

Chengdu Xingrong Environment 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															38,909.66	39,736.11	41,829.78	43,555.03	46,116.27

Chengdu Xingrong Environment 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.

Chengdu Xingrong Environment 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 )
	=	17792.491	+	25762.534
	=	43,555

Chengdu Xingrong Environment 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 )
	=	18433.082	+	27683.185
	=	46,116

Chengdu Xingrong Environment Co (SZSE:000598) Total Assets Explanation

Total Assets is connected with ROA %.

Chengdu Xingrong Environment 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 )
	=	1826.924	/	( (43555.025	+	46116.267)	/ 2 )
	=	1826.924	/	44835.646
	=	4.07 %

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.

Chengdu Xingrong Environment 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 )
=	1845.886	/	( (43555.025	+	46116.267)	/ 2 )
=	1845.886	/	44835.646
=	0.04

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.

Chengdu Xingrong Environment Co Total Assets Related Terms

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Chengdu Xingrong Environment Co (SZSE:000598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chengdu Xingrong Environment Co Ltd (SZSE:000598) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

1000 Jincheng Avenue, High-tech Zone, Qingyang District, Chengdu, CHN, 610041

Website

http://www.cdxrec.com

Chengdu Xingrong Environment Co Ltd is a large-scale water and environmental protection integrated service provider in China. It is mainly engaged in the production and supply of tap water, sewage treatment, utilization of recycled water, sludge disposal, landfill leachate treatment, and waste incineration power generation. The company integrates investment, research, and development, design, construction and operation, and has a complete industrial chain.

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