Qilian International Holding Group (Qilian International Holding Group) Total Assets : $51.26 Mil (As of Sep. 2023)

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What is Qilian International Holding Group Total Assets?

Qilian International Holding Group's Total Assets for the quarter that ended in Sep. 2023 was $51.26 Mil.

During the past 12 months, Qilian International Holding Group's average Total Assets Growth Rate was -42.60% per year. During the past 3 years, the average Total Assets Growth Rate was -7.40% per year. During the past 5 years, the average Total Assets Growth Rate was 6.50% per year.

During the past 7 years, Qilian International Holding Group's highest 3-Year average Total Assets Growth Rate was 32.20%. The lowest was -7.40%. And the median was 13.45%.

Total Assets is connected with ROA %. Qilian International Holding Group's annualized ROA % for the quarter that ended in Sep. 2023 was -28.66%. Total Assets is also linked to Revenue through Asset Turnover. Qilian International Holding Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.30.

Qilian International Holding Group Total Assets Historical Data

The historical data trend for Qilian International Holding Group'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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Qilian International Holding Group Total Assets Chart

Qilian International Holding Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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35.27

48.14

75.35

64.53

51.26

Qilian International Holding Group Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial								75.35	80.15	64.53	64.23	51.26

Qilian International Holding Group 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.

Qilian International Holding Group's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	44.351	+	6.907
	=	51.26

Qilian International Holding Group's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	44.351	+	6.907
	=	51.26

Qilian International Holding Group (NAS:QLI) Total Assets Explanation

Total Assets is connected with ROA %.

Qilian International Holding Group's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-16.552	/	( (64.234	+	51.258)	/ 2 )
	=	-16.552	/	57.746
	=	-28.66 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) 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.

Qilian International Holding Group's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	17.308	/	( (64.234	+	51.258)	/ 2 )
=	17.308	/	57.746
=	0.30

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.

Qilian International Holding Group Total Assets Related Terms

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Qilian International Holding Group (Qilian International Holding Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qilian International Holding Group Ltd (NAS:QLI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuquan Economic and Technological Development Zone, Gansu Province, Jiuquan, CHN, 735000

Website

http://ir.qlsyy.net

Qilian International Holding Group Ltd is a pharmaceutical and chemical company. The company is engaged in the development, manufacture, marketing, and sale of licorice products, oxytetracycline products, traditional Chinese medicine derivatives products, heparin products, sausage casings, and fertilizers. It operates through three segments namely, Oxytetracycline and Licorice products and TCMD; Fertilizer; and Heparin products and Sausage casing. Oxytetracycline and Licorice products and TCMD segment generates majority of the revenue.