Fujian Qingshan Paper Industry Co (SHSE:600103) Total Assets : ¥6,251 Mil (As of Mar. 2024)

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What is Fujian Qingshan Paper Industry Co Total Assets?

Fujian Qingshan Paper Industry Co's Total Assets for the quarter that ended in Mar. 2024 was ¥6,251 Mil.

During the past 12 months, Fujian Qingshan Paper Industry Co's average Total Assets Growth Rate was 6.40% per year. During the past 3 years, the average Total Assets Growth Rate was 2.30% per year. During the past 5 years, the average Total Assets Growth Rate was 2.70% per year. During the past 10 years, the average Total Assets Growth Rate was 1.10% per year.

During the past 13 years, Fujian Qingshan Paper Industry Co's highest 3-Year average Total Assets Growth Rate was 24.50%. The lowest was -6.00%. And the median was 5.30%.

Total Assets is connected with ROA %. Fujian Qingshan Paper Industry Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.40%. Total Assets is also linked to Revenue through Asset Turnover. Fujian Qingshan Paper Industry Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Fujian Qingshan Paper Industry Co Total Assets Historical Data

The historical data trend for Fujian Qingshan Paper 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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Fujian Qingshan Paper Industry Co Total Assets Chart

Fujian Qingshan Paper Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5,528.17

5,500.94

5,390.79

5,823.84

6,167.02

Fujian Qingshan Paper 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															5,866.52	5,804.81	5,819.01	6,167.02	6,250.65

Fujian Qingshan Paper 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.

Fujian Qingshan Paper 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 )
	=	4219.81	+	1947.206
	=	6,167

Fujian Qingshan Paper 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 )
	=	4244.54	+	2006.11
	=	6,251

Fujian Qingshan Paper Industry Co (SHSE:600103) Total Assets Explanation

Total Assets is connected with ROA %.

Fujian Qingshan Paper 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 )
	=	86.668	/	( (6167.016	+	6250.649)	/ 2 )
	=	86.668	/	6208.8325
	=	1.40 %

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.

Fujian Qingshan Paper 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 )
=	666.846	/	( (6167.016	+	6250.649)	/ 2 )
=	666.846	/	6208.8325
=	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.

Fujian Qingshan Paper Industry Co Total Assets Related Terms

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Fujian Qingshan Paper Industry Co (SHSE:600103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Fujian Qingshan Paper Industry Co Ltd (SHSE:600103) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Junzhu Road, Mawei Economic and Technology Development Zone, Fuzhou, Fujian, CHN, 365506

Website

http://www.qingshanpaper.com

Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.

Executives

Yu Zong Yuan	Directors, senior managers
Lin Xiao He	Director
Pan Qi Xing	senior management
Ye Yu	Director
Yu Jian Ming	senior management
Liang Ming Fu	senior management
Lin Yan Rong	Director
Liu Jie	Director
Zhou Mu Sheng	senior management
Huang Feng Shi	senior management
Wu Bing Wen	senior management

Fujian Qingshan Paper Industry Co (SHSE:600103) Headlines

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