Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Total Assets : ¥9,764 Mil (As of Mar. 2024)

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What is Qinchuan Machine Tool & Tool Group Share Co Total Assets?

Qinchuan Machine Tool & Tool Group Share Co's Total Assets for the quarter that ended in Mar. 2024 was ¥9,764 Mil.

During the past 12 months, Qinchuan Machine Tool & Tool Group Share Co's average Total Assets Growth Rate was 6.70% per year. During the past 3 years, the average Total Assets Growth Rate was -2.60% per year. During the past 5 years, the average Total Assets Growth Rate was -1.80% per year. During the past 10 years, the average Total Assets Growth Rate was 3.50% per year.

During the past 13 years, Qinchuan Machine Tool & Tool Group Share Co's highest 3-Year average Total Assets Growth Rate was 54.10%. The lowest was -6.20%. And the median was 11.85%.

Total Assets is connected with ROA %. Qinchuan Machine Tool & Tool Group Share Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.04%. Total Assets is also linked to Revenue through Asset Turnover. Qinchuan Machine Tool & Tool Group Share Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

Qinchuan Machine Tool & Tool Group Share Co Total Assets Historical Data

The historical data trend for Qinchuan Machine Tool & Tool Group Share 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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Qinchuan Machine Tool & Tool Group Share Co Total Assets Chart

Qinchuan Machine Tool & Tool Group Share Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8,584.16

9,280.98

7,872.09

8,521.94

9,860.35

Qinchuan Machine Tool & Tool Group Share 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															8,668.94	9,912.13	9,967.46	9,860.35	9,763.94

Qinchuan Machine Tool & Tool Group Share 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.

Qinchuan Machine Tool & Tool Group Share 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 )
	=	5392.305	+	4468.045
	=	9,860

Qinchuan Machine Tool & Tool Group Share 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 )
	=	5428.816	+	4335.128
	=	9,764

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Total Assets Explanation

Total Assets is connected with ROA %.

Qinchuan Machine Tool & Tool Group Share 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 )
	=	101.98	/	( (9860.35	+	9763.944)	/ 2 )
	=	101.98	/	9812.147
	=	1.04 %

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.

Qinchuan Machine Tool & Tool Group Share 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 )
=	980.972	/	( (9860.35	+	9763.944)	/ 2 )
=	980.972	/	9812.147
=	0.10

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.

Qinchuan Machine Tool & Tool Group Share Co Total Assets Related Terms

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Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qinchuan Machine Tool & Tool Group Share Co Ltd (SZSE:000837) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22 Jiangtan Road, Shanxi, Baoji, CHN, 721009

Website

http://www.qinchuan.com

Qinchuan Machine Tool & Tool Group Share Co Ltd is mainly engaged in the production and sales of metal cutting machine tools, plastic processing machinery and related equipment and raw materials in China. It offers CNC machine tools, gear and gearboxes, plastics machinery, and precision casting products.

Executives

Zhao Jia Bao	Executives
Hu Hong	Directors, executives
Tian Sha	Executives
Hang Bao Jun	Executives
Si Guan Lin	Executives
Guo Bao An	Executives
Long Xing Yuan	Directors, executives
Fu Lin Xing	Directors, executives
Song Geng Tian	Supervisors
Liu Wan Chao	Directors, executives
Li Qiang	Director
Wang La Xiang	Supervisors
Mao Feng	Executives
Zhang Yi	Supervisors
Wu Kang	Executives

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Headlines

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