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China Merchants Energy Shipping Co (SHSE:601872) Total Assets : ¥63,572 Mil (As of Mar. 2024)


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What is China Merchants Energy Shipping Co Total Assets?

China Merchants Energy Shipping Co's Total Assets for the quarter that ended in Mar. 2024 was ¥63,572 Mil.

During the past 12 months, China Merchants Energy Shipping Co's average Total Assets Growth Rate was 8.90% per year. During the past 3 years, the average Total Assets Growth Rate was 3.20% per year. During the past 5 years, the average Total Assets Growth Rate was 2.90% per year. During the past 10 years, the average Total Assets Growth Rate was 11.80% per year.

During the past 13 years, China Merchants Energy Shipping Co's highest 3-Year average Total Assets Growth Rate was 29.90%. The lowest was -0.90%. And the median was 13.50%.

Total Assets is connected with ROA %. China Merchants Energy Shipping Co's annualized ROA % for the quarter that ended in Mar. 2024 was 8.73%. Total Assets is also linked to Revenue through Asset Turnover. China Merchants Energy Shipping Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

China Merchants Energy Shipping Co Total Assets Historical Data

The historical data trend for China Merchants Energy Shipping 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.

China Merchants Energy Shipping Co Total Assets Chart

China Merchants Energy Shipping Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62,082.53 62,991.91 60,135.54 65,473.82 62,394.66

China Merchants Energy Shipping 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 61,245.55 61,404.52 61,488.45 62,394.66 63,572.26

China Merchants Energy Shipping 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 Merchants Energy Shipping 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 )
=37339.081+25055.58
=62,395

China Merchants Energy Shipping 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 )
=39086.271+24485.985
=63,572

* 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.

China Merchants Energy Shipping Co  (SHSE:601872) Total Assets Explanation

Total Assets is connected with ROA %.

China Merchants Energy Shipping 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 )
=5500.944/( (62394.662+63572.256)/ 2 )
=5500.944/62983.459
=8.73 %

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 Merchants Energy Shipping 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 )
=6253.797/( (62394.662+63572.256)/ 2 )
=6253.797/62983.459
=0.10

* 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.

China Merchants Energy Shipping Co Total Assets Related Terms

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China Merchants Energy Shipping Co (SHSE:601872) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » Total Assets
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SHSE:601975 SHSE:605090 SZSE:002267 SHSE:600617 SHSE:603689 SZSE:001331 SZSE:002492 TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP LNG TRGP CQP TSX:PPL WES
Traded in Other Exchanges
N/A
Address
No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002
Website
http://www.cmenergyshipping.com
China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

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