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Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Total Assets : ¥9,912 Mil (As of Mar. 2024)


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What is Shanghai Jinjiang Shipping (Group) Co Total Assets?

Shanghai Jinjiang Shipping (Group) Co's Total Assets for the quarter that ended in Mar. 2024 was ¥9,912 Mil.

During the past 12 months, Shanghai Jinjiang Shipping (Group) Co's average Total Assets Growth Rate was -45.70% per year. During the past 3 years, the average Total Assets Growth Rate was 10.10% per year.

During the past 5 years, Shanghai Jinjiang Shipping (Group) Co's highest 3-Year average Total Assets Growth Rate was 16.40%. The lowest was 10.10%. And the median was 13.25%.

Total Assets is connected with ROA %. Shanghai Jinjiang Shipping (Group) Co's annualized ROA % for the quarter that ended in Mar. 2024 was 5.02%. Total Assets is also linked to Revenue through Asset Turnover. Shanghai Jinjiang Shipping (Group) Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Shanghai Jinjiang Shipping (Group) Co Total Assets Historical Data

The historical data trend for Shanghai Jinjiang Shipping (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.

* Premium members only.

Shanghai Jinjiang Shipping (Group) Co Total Assets Chart

Shanghai Jinjiang Shipping (Group) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
4,860.01 4,792.24 6,769.31 8,627.61 9,907.79

Shanghai Jinjiang Shipping (Group) Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,635.25 7,959.09 8,018.13 9,907.79 9,911.65

Shanghai Jinjiang Shipping (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.

Shanghai Jinjiang Shipping (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 )
=8139.839+1767.953
=9,908

Shanghai Jinjiang Shipping (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 )
=8270.656+1640.994
=9,912

* 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.

Shanghai Jinjiang Shipping (Group) Co  (SHSE:601083) Total Assets Explanation

Total Assets is connected with ROA %.

Shanghai Jinjiang Shipping (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 )
=497.048/( (9907.791+9911.65)/ 2 )
=497.048/9909.7205
=5.02 %

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.

Shanghai Jinjiang Shipping (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 )
=1250.308/( (9907.791+9911.65)/ 2 )
=1250.308/9909.7205
=0.13

* 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.

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.

Shanghai Jinjiang Shipping (Group) Co Total Assets Related Terms

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Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Jinjiang Shipping (Group) Co Ltd (SHSE:601083) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 98 Huaihai Middle Road, 15th Floor, Admiralty Plaza, Shanghai, CHN, 200021
Website
https://www.jjshipping.cn
Shanghai Jinjiang Shipping (Group) Co Ltd is engaged in International and domestic maritime container transportation business.

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