Ningxia Buliding Materials Group Co (SHSE:600449) Total Assets : ¥11,340 Mil (As of Mar. 2024)

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What is Ningxia Buliding Materials Group Co Total Assets?

Ningxia Buliding Materials Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥11,340 Mil.

During the past 12 months, Ningxia Buliding Materials Group Co's average Total Assets Growth Rate was 0.80% 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 5.10% per year. During the past 10 years, the average Total Assets Growth Rate was 0.50% per year.

During the past 13 years, Ningxia Buliding Materials Group Co's highest 3-Year average Total Assets Growth Rate was 50.50%. The lowest was -4.40%. And the median was 14.30%.

Total Assets is connected with ROA %. Ningxia Buliding Materials Group Co's annualized ROA % for the quarter that ended in Mar. 2024 was -0.55%. Total Assets is also linked to Revenue through Asset Turnover. Ningxia Buliding Materials Group Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Ningxia Buliding Materials Group Co Total Assets Historical Data

The historical data trend for Ningxia Buliding Materials Group 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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Ningxia Buliding Materials Group Co Total Assets Chart

Ningxia Buliding Materials Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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7,543.74

8,266.20

9,251.45

10,076.53

11,249.68

Ningxia Buliding Materials Group 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															10,217.61	10,624.29	11,216.86	11,249.68	11,340.17

Ningxia Buliding Materials Group 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.

Ningxia Buliding Materials Group 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 )
	=	7533.293	+	3716.384
	=	11,250

Ningxia Buliding Materials Group 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 )
	=	7516.605	+	3823.564
	=	11,340

Ningxia Buliding Materials Group Co (SHSE:600449) Total Assets Explanation

Total Assets is connected with ROA %.

Ningxia Buliding Materials Group 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 )
	=	-61.892	/	( (11249.677	+	11340.169)	/ 2 )
	=	-61.892	/	11294.923
	=	-0.55 %

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.

Ningxia Buliding Materials Group 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 )
=	1566.593	/	( (11249.677	+	11340.169)	/ 2 )
=	1566.593	/	11294.923
=	0.14

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.

Ningxia Buliding Materials Group Co Total Assets Related Terms

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Ningxia Buliding Materials Group Co (SHSE:600449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ningxia Buliding Materials Group Co Ltd (SHSE:600449) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

2 kilometers from Xinxiao Line, Ningxia Hui Autonomous Region, Xixia District, Yinchuan, CHN, 750021

Website

http://www.saimasy.com.cn

Ningxia Building Materials Group Co Ltd is engaged in research and development, production, sales, technical services and management services of cement, cement products, cement clinker, commercial concrete and related products. The company also engaged in import and export business of building materials products and related technology import and export business Production and sales of fly ash.

Ningxia Buliding Materials Group Co (SHSE:600449) Headlines

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