Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Total Assets : ¥1,032.8 Mil (As of Mar. 2024)

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What is Hubei Guochuang Hi-Tech Material Co Total Assets?

Hubei Guochuang Hi-Tech Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,032.8 Mil.

During the past 12 months, Hubei Guochuang Hi-Tech Material Co's average Total Assets Growth Rate was -36.20% per year. During the past 3 years, the average Total Assets Growth Rate was -36.30% per year. During the past 5 years, the average Total Assets Growth Rate was -31.20% per year. During the past 10 years, the average Total Assets Growth Rate was 1.40% per year.

During the past 13 years, Hubei Guochuang Hi-Tech Material Co's highest 3-Year average Total Assets Growth Rate was 66.10%. The lowest was -36.30%. And the median was 16.70%.

Total Assets is connected with ROA %. Hubei Guochuang Hi-Tech Material Co's annualized ROA % for the quarter that ended in Mar. 2024 was -2.29%. Total Assets is also linked to Revenue through Asset Turnover. Hubei Guochuang Hi-Tech Material Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

Hubei Guochuang Hi-Tech Material Co Total Assets Historical Data

The historical data trend for Hubei Guochuang Hi-Tech Material 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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Hubei Guochuang Hi-Tech Material Co Total Assets Chart

Hubei Guochuang Hi-Tech Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6,651.14

4,557.04

2,777.23

1,800.68

1,017.92

Hubei Guochuang Hi-Tech Material 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															1,583.72	1,214.58	1,174.91	1,017.92	1,032.81

Hubei Guochuang Hi-Tech Material 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.

Hubei Guochuang Hi-Tech Material 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 )
	=	541.655	+	476.27
	=	1,017.9

Hubei Guochuang Hi-Tech Material 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 )
	=	535.885	+	496.925
	=	1,032.8

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Total Assets Explanation

Total Assets is connected with ROA %.

Hubei Guochuang Hi-Tech Material 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 )
	=	-23.44	/	( (1017.924	+	1032.81)	/ 2 )
	=	-23.44	/	1025.367
	=	-2.29 %

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.

Hubei Guochuang Hi-Tech Material 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 )
=	80.819	/	( (1017.924	+	1032.81)	/ 2 )
=	80.819	/	1025.367
=	0.08

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.

Hubei Guochuang Hi-Tech Material Co Total Assets Related Terms

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Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hubei Guochuang Hi-Tech Material Co Ltd (SZSE:002377) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 8, Wudayuan 3rd Road, Donghu New Technology Development Zone, Hubei, Wuhan, CHN, 430223

Website

http://www.guochuang.com.cn

Hubei Guochuang Hi-Tech Material Co Ltd is a China-based company specializing in the research, design, production, and sales of modified asphalt, emulsified asphalt and other road materials and equipment. The materials are used for highways, electronic information, bioengineering, environmental engineering technology development and application, undertake modified asphalt road pavement projects, import and export of goods, and technology import and export. The product portfolio of the company includes modified asphalt, colored asphalt, cement asphalt mortar, and other products.

Executives

Peng Ya Chao	Directors, Directors, and Executives
Lv Hua Sheng	Directors, executives
Meng Jun Mei	Executives
Li Mou Yu	Executives
Ji Yong Hai	Executives
He Bin	Supervisors
Zhang Jing Jing	Supervisors
Wu Xin Mu	Independent director
Peng Bin	Directors, executives
Qian Jing	Directors, executives
Hao Li Qun	Director
Gao Tao	Directors, executives
Yin Shi Ming	Executives
Gao Qing Shou	Director
Hu Ling	Executives

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Headlines

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