Suzhou Chunxing Precision Mechanical Co (SZSE:002547) Total Assets : ¥4,826 Mil (As of Mar. 2024)

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What is Suzhou Chunxing Precision Mechanical Co Total Assets?

Suzhou Chunxing Precision Mechanical Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,826 Mil.

During the past 12 months, Suzhou Chunxing Precision Mechanical Co's average Total Assets Growth Rate was -4.80% per year. During the past 3 years, the average Total Assets Growth Rate was -6.40% per year. During the past 5 years, the average Total Assets Growth Rate was -10.80% per year. During the past 10 years, the average Total Assets Growth Rate was 8.50% per year.

During the past 13 years, Suzhou Chunxing Precision Mechanical Co's highest 3-Year average Total Assets Growth Rate was 54.70%. The lowest was -12.60%. And the median was 32.70%.

Total Assets is connected with ROA %. Suzhou Chunxing Precision Mechanical Co's annualized ROA % for the quarter that ended in Mar. 2024 was -3.83%. Total Assets is also linked to Revenue through Asset Turnover. Suzhou Chunxing Precision Mechanical Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

Suzhou Chunxing Precision Mechanical Co Total Assets Historical Data

The historical data trend for Suzhou Chunxing Precision Mechanical 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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Suzhou Chunxing Precision Mechanical Co Total Assets Chart

Suzhou Chunxing Precision Mechanical Co Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8,054.21

6,160.19

6,204.58

5,662.08

4,926.35

Suzhou Chunxing Precision Mechanical 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															5,534.22	5,223.00	5,046.19	4,926.35	4,825.96

Suzhou Chunxing Precision Mechanical 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.

Suzhou Chunxing Precision Mechanical 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 )
	=	274.128	+	4652.218
	=	4,926

Suzhou Chunxing Precision Mechanical 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 )
	=	223.726	+	4602.232
	=	4,826

Suzhou Chunxing Precision Mechanical Co (SZSE:002547) Total Assets Explanation

Total Assets is connected with ROA %.

Suzhou Chunxing Precision Mechanical 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 )
	=	-186.684	/	( (4926.346	+	4825.958)	/ 2 )
	=	-186.684	/	4876.152
	=	-3.83 %

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.

Suzhou Chunxing Precision Mechanical 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 )
=	470.539	/	( (4926.346	+	4825.958)	/ 2 )
=	470.539	/	4876.152
=	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.

Suzhou Chunxing Precision Mechanical Co Total Assets Related Terms

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Suzhou Chunxing Precision Mechanical Co (SZSE:002547) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Suzhou Chunxing Precision Mechanical Co Ltd (SZSE:002547) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Number 120, East Jinling Road, Weiting Town, Suzhou lndustrial Park, Jiangsu Province, Suzhou, CHN

Website

http://www.chunxing-group.com

Suzhou Chunxing Precision Mechanical Co Ltd is engaged in producing Precise aluminum structure parts for Telecom, Automobile, Industrial, Medical, and Consumers. The product offerings of the company include Die casting product, Filter body, Robot housing, Automobile seat frame and Seatbelt reel among others.

Executives

Dan Xing Zhou	Executives
Wang Kai	Executives
Xu Su Yun	Executives
Lu Yong	Director
Yuan Jing	Director
Wu Yong Zhong	Supervisors
Sun Jie Xiao	Directors, executives
Shu Zhang An	Directors, executives
Wang Shu Qiang	Executives
Hua Chen Kan	Executives

Suzhou Chunxing Precision Mechanical Co (SZSE:002547) Headlines

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