Jiangsu Jiangnan High Polymer Fiber Co (SHSE:600527) Total Assets : ¥2,336.5 Mil (As of Mar. 2024)

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What is Jiangsu Jiangnan High Polymer Fiber Co Total Assets?

Jiangsu Jiangnan High Polymer Fiber Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,336.5 Mil.

During the past 12 months, Jiangsu Jiangnan High Polymer Fiber Co's average Total Assets Growth Rate was -4.30% per year. During the past 3 years, the average Total Assets Growth Rate was -1.30% per year. During the past 5 years, the average Total Assets Growth Rate was -0.70% per year. During the past 10 years, the average Total Assets Growth Rate was 1.10% per year.

During the past 13 years, Jiangsu Jiangnan High Polymer Fiber Co's highest 3-Year average Total Assets Growth Rate was 45.20%. The lowest was -4.80%. And the median was 9.30%.

Total Assets is connected with ROA %. Jiangsu Jiangnan High Polymer Fiber Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.13%. Total Assets is also linked to Revenue through Asset Turnover. Jiangsu Jiangnan High Polymer Fiber Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Jiangsu Jiangnan High Polymer Fiber Co Total Assets Historical Data

The historical data trend for Jiangsu Jiangnan High Polymer Fiber 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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Jiangsu Jiangnan High Polymer Fiber Co Total Assets Chart

Jiangsu Jiangnan High Polymer Fiber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,487.93

2,632.90

2,526.98

2,500.77

2,337.30

Jiangsu Jiangnan High Polymer Fiber 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															2,474.26	2,323.16	2,341.79	2,337.30	2,336.54

Jiangsu Jiangnan High Polymer Fiber 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.

Jiangsu Jiangnan High Polymer Fiber 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 )
	=	2219.99	+	117.312
	=	2,337.3

Jiangsu Jiangnan High Polymer Fiber 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 )
	=	2226.293	+	110.251
	=	2,336.5

Jiangsu Jiangnan High Polymer Fiber Co (SHSE:600527) Total Assets Explanation

Total Assets is connected with ROA %.

Jiangsu Jiangnan High Polymer Fiber 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 )
	=	26.316	/	( (2337.302	+	2336.544)	/ 2 )
	=	26.316	/	2336.923
	=	1.13 %

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.

Jiangsu Jiangnan High Polymer Fiber 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 )
=	120.24	/	( (2337.302	+	2336.544)	/ 2 )
=	120.24	/	2336.923
=	0.05

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.

Jiangsu Jiangnan High Polymer Fiber Co Total Assets Related Terms

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Jiangsu Jiangnan High Polymer Fiber Co (SHSE:600527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Jiangnan High Polymer Fiber Co Ltd (SHSE:600527) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Huangdai Town, Xiangcheng District, Suzhou, Jiangsu, CHN, 215143

Website

http://www.jngx.cn

Jiangsu Jiangnan High Polymer Fiber Co Ltd is a bicomponent fiber company. It is principally engaged in the production and distribution of chemical fiber products. The company's products mainly include Core -Sheath fiber (ES), Parallel hollow composite fiber, 51 islands figured sea-island composite fiber, Korean polyester, fine-denier polyester tops, high-shrinkage tops, colored tops, PTT tops, Fleck, tops.

Executives

Tao Ye	Director
Tao Guo Ping	Director
Zhu Ming Lai	Supervisors
Sheng Dong Sheng	Director
Pu Jin Long	Director
Gu Xing Nan	Director
Zhou Yong Kang	Director

Jiangsu Jiangnan High Polymer Fiber Co (SHSE:600527) Headlines

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