LONGi Green Energy Technology Co (SHSE:601012) Total Assets : ¥168,288 Mil (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is LONGi Green Energy Technology Co Total Assets?

LONGi Green Energy Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥168,288 Mil.

During the past 12 months, LONGi Green Energy Technology Co's average Total Assets Growth Rate was 16.10% per year. During the past 3 years, the average Total Assets Growth Rate was 19.40% per year. During the past 5 years, the average Total Assets Growth Rate was 27.10% per year. During the past 10 years, the average Total Assets Growth Rate was 40.80% per year.

During the past 13 years, LONGi Green Energy Technology Co's highest 3-Year average Total Assets Growth Rate was 107.40%. The lowest was 18.30%. And the median was 40.65%.

Total Assets is connected with ROA %. LONGi Green Energy Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was -5.66%. Total Assets is also linked to Revenue through Asset Turnover. LONGi Green Energy Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

LONGi Green Energy Technology Co Total Assets Historical Data

The historical data trend for LONGi Green Energy 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.

* Premium members only.

LONGi Green Energy Technology Co Total Assets Chart

LONGi Green Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

59,303.97

89,775.85

97,734.88

139,555.59

163,969.20

LONGi Green Energy 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															143,874.11	156,760.17	164,536.01	163,969.20	168,287.63

LONGi Green Energy 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.

LONGi Green Energy 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 )
	=	70712.015	+	93257.187
	=	163,969

LONGi Green Energy 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 )
	=	68363.77	+	99923.859
	=	168,288

LONGi Green Energy Technology Co (SHSE:601012) Total Assets Explanation

Total Assets is connected with ROA %.

LONGi Green Energy 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 )
	=	-9401.024	/	( (163969.201	+	168287.63)	/ 2 )
	=	-9401.024	/	166128.4155
	=	-5.66 %

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.

LONGi Green Energy 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 )
=	17673.585	/	( (163969.201	+	168287.63)	/ 2 )
=	17673.585	/	166128.4155
=	0.11

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.

LONGi Green Energy Technology Co Total Assets Related Terms

Thank you for viewing the detailed overview of LONGi Green Energy Technology Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

LONGi Green Energy Technology Co (SHSE:601012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » LONGi Green Energy Technology Co Ltd (SHSE:601012) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Innovation Incubation Center Block B, Shangji Road 8989 Xi'an Service Outsourcing Industrial Park, Xi'an Economic and Technological Development Zone, Xian, CHN, 710018

Website

http://www.longigroup.com

LONGi Green Energy Technology is the largest integrated solar company in the world. It produced 85.9 gigawatts of solar silicon wafers and 48.2 GW of solar modules in 2022, both the most globally. Solar silicon wafer and solar module contributed 30% and 66% of revenue in 2022, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.

Executives

Zhong Bao Shen	Director
Tian Ye	Director
Liu Xue Wen	Director
Bai Zhong Xue	Director
Liu Xiao Dong	senior management
Li Zhen Guo	Director
Qin Yong Bo	Supervisors
Xu Da Peng	Director
Zou Zong Hai	Director
Li Chun An	Director
Wang Xiao Zhe	senior management
Huang Li Xin	senior management
Dai Su	Supervisors
Hu Zhong Xiang	Director
Zhang Yi Tao	senior management

LONGi Green Energy Technology Co (SHSE:601012) Headlines

No Headlines