Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) Total Assets : ¥14,284 Mil (As of Mar. 2024)

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What is Anhui Wanwei Updated High-Tech Material Industry Co Total Assets?

Anhui Wanwei Updated High-Tech Material Industry Co's Total Assets for the quarter that ended in Mar. 2024 was ¥14,284 Mil.

Warning Sign:

If a company builds assets at 7.8% a year, faster than its revenue growth rate of 7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Anhui Wanwei Updated High-Tech Material Industry Co's average Total Assets Growth Rate was 22.70% per year. During the past 3 years, the average Total Assets Growth Rate was 12.00% per year. During the past 5 years, the average Total Assets Growth Rate was 7.80% per year. During the past 10 years, the average Total Assets Growth Rate was 5.70% per year.

During the past 13 years, Anhui Wanwei Updated High-Tech Material Industry Co's highest 3-Year average Total Assets Growth Rate was 36.50%. The lowest was -0.30%. And the median was 12.00%.

Total Assets is connected with ROA %. Anhui Wanwei Updated High-Tech Material Industry Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.33%. Total Assets is also linked to Revenue through Asset Turnover. Anhui Wanwei Updated High-Tech Material Industry Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Anhui Wanwei Updated High-Tech Material Industry Co Total Assets Historical Data

The historical data trend for Anhui Wanwei Updated High-Tech Material Industry 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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Anhui Wanwei Updated High-Tech Material Industry Co Total Assets Chart

Anhui Wanwei Updated High-Tech Material Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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9,314.21

10,708.47

12,050.51

13,264.93

14,092.28

Anhui Wanwei Updated High-Tech Material Industry 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															13,510.35	14,447.17	14,800.77	14,092.28	14,284.21

Anhui Wanwei Updated High-Tech Material Industry 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.

Anhui Wanwei Updated High-Tech Material Industry 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 )
	=	8078.719	+	6013.564
	=	14,092

Anhui Wanwei Updated High-Tech Material Industry 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 )
	=	8083.61	+	6200.601
	=	14,284

Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) Total Assets Explanation

Total Assets is connected with ROA %.

Anhui Wanwei Updated High-Tech Material Industry 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 )
	=	188.628	/	( (14092.283	+	14284.212)	/ 2 )
	=	188.628	/	14188.2475
	=	1.33 %

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.

Anhui Wanwei Updated High-Tech Material Industry 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 )
=	1796.624	/	( (14092.283	+	14284.212)	/ 2 )
=	1796.624	/	14188.2475
=	0.13

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.

Anhui Wanwei Updated High-Tech Material Industry Co Total Assets Related Terms

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Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anhui Wanwei Updated High-Tech Material Industry Co Ltd (SHSE:600063) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 56 Chao Wei Road, Chaohu, Anhui, CHN, 238002

Website

http://www.wwgf.com.cn

Anhui Wanwei Updated High-Tech Material Industry Co Ltd is a China-based company engaged in the development, production, and sales of polyvinyl alcohol and related products. Its main products include PVA, cement, PVA ultrashort fiber, slices, Vinyl Acetateethylene Emulsion (VAE) emulsion, rubber powder, methyl acetate and vinyl acetate, among others. The company distributes its products within domestic market and to overseas markets.

Executives

Gao Shen Bao	Director
Xu Shou Qing	senior management
Wu Shang Yi	Director
Zhang Zheng He	Director
Gao Shen Bao	Director
Wu Fu Sheng	Director
Wu Lin	Director
Sha Jian Bao	senior management
Li Tai	senior management
Ji Xue Yong	Director
Sheng Wei Lin	Director
Tang Hua Zhang	Director
Xu Ju Sheng	Supervisors
Qian Dao Zhang	Supervisors
Yang Ke Zhong	Director

Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) Headlines

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