China National Gold Group Gold Jewellery Co (SHSE:600916) Total Assets : ¥13,529 Mil (As of Mar. 2024)

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What is China National Gold Group Gold Jewellery Co Total Assets?

China National Gold Group Gold Jewellery Co's Total Assets for the quarter that ended in Mar. 2024 was ¥13,529 Mil.

Warning Sign:

If a company builds assets at 7.5% a year, faster than its revenue growth rate of 5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, China National Gold Group Gold Jewellery Co's average Total Assets Growth Rate was -26.30% 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 7.50% per year.

During the past 8 years, China National Gold Group Gold Jewellery Co's highest 3-Year average Total Assets Growth Rate was 17.20%. The lowest was 5.30%. And the median was 10.20%.

Total Assets is connected with ROA %. China National Gold Group Gold Jewellery Co's annualized ROA % for the quarter that ended in Mar. 2024 was 10.91%. Total Assets is also linked to Revenue through Asset Turnover. China National Gold Group Gold Jewellery Co's Asset Turnover for the quarter that ended in Mar. 2024 was 1.37.

China National Gold Group Gold Jewellery Co Total Assets Historical Data

The historical data trend for China National Gold Group Gold Jewellery 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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China National Gold Group Gold Jewellery Co Total Assets Chart

China National Gold Group Gold Jewellery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8,430.76

9,293.47

11,020.15

11,630.27

13,110.28

China National Gold Group Gold Jewellery Co Quarterly Data
	Dec18	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															12,521.61	12,349.97	12,600.33	13,110.28	13,528.79

China National Gold Group Gold Jewellery 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.

China National Gold Group Gold Jewellery 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 )
	=	7471.261	+	5639.02
	=	13,110

China National Gold Group Gold Jewellery 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 )
	=	7836.006	+	5692.788
	=	13,529

China National Gold Group Gold Jewellery Co (SHSE:600916) Total Assets Explanation

Total Assets is connected with ROA %.

China National Gold Group Gold Jewellery 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 )
	=	1453.02	/	( (13110.281	+	13528.793)	/ 2 )
	=	1453.02	/	13319.537
	=	10.91 %

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.

China National Gold Group Gold Jewellery 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 )
=	18250.656	/	( (13110.281	+	13528.793)	/ 2 )
=	18250.656	/	13319.537
=	1.37

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.

China National Gold Group Gold Jewellery Co Total Assets Related Terms

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China National Gold Group Gold Jewellery Co (SHSE:600916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China National Gold Group Gold Jewellery Co Ltd (SHSE:600916) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 2, Jingyuan North Street, Room 305, Building 49, Economic and Technological Development Zone, Beijing, CHN, 100176

Website

https://www.chnau99999.com

China National Gold Group Gold & Jewelery Co Ltd is a professional gold jewelry production and sales enterprise specializing in the operation of the China Gold brand.

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