Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Total Assets : ¥4,430 Mil (As of Mar. 2024)

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What is Zhejiang Red Dragonfly Footwear Co Total Assets?

Zhejiang Red Dragonfly Footwear Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,430 Mil.

During the past 12 months, Zhejiang Red Dragonfly Footwear Co's average Total Assets Growth Rate was -1.40% per year. During the past 3 years, the average Total Assets Growth Rate was -3.30% per year. During the past 5 years, the average Total Assets Growth Rate was -2.10% per year. During the past 10 years, the average Total Assets Growth Rate was 0.40% per year.

During the past 13 years, Zhejiang Red Dragonfly Footwear Co's highest 3-Year average Total Assets Growth Rate was 21.10%. The lowest was -10.20%. And the median was -1.40%.

Total Assets is connected with ROA %. Zhejiang Red Dragonfly Footwear Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.97%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang Red Dragonfly Footwear Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Zhejiang Red Dragonfly Footwear Co Total Assets Historical Data

The historical data trend for Zhejiang Red Dragonfly Footwear 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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Zhejiang Red Dragonfly Footwear Co Total Assets Chart

Zhejiang Red Dragonfly Footwear Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,694.20

4,915.08

4,549.62

4,713.11

4,361.49

Zhejiang Red Dragonfly Footwear 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															4,673.46	4,693.23	4,579.69	4,361.49	4,429.73

Zhejiang Red Dragonfly Footwear 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.

Zhejiang Red Dragonfly Footwear 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 )
	=	3203.425	+	1158.064
	=	4,361

Zhejiang Red Dragonfly Footwear 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 )
	=	3205.651	+	1224.083
	=	4,430

Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang Red Dragonfly Footwear 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 )
	=	86.404	/	( (4361.49	+	4429.734)	/ 2 )
	=	86.404	/	4395.612
	=	1.97 %

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.

Zhejiang Red Dragonfly Footwear 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 )
=	600.64	/	( (4361.49	+	4429.734)	/ 2 )
=	600.64	/	4395.612
=	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.

Zhejiang Red Dragonfly Footwear Co Total Assets Related Terms

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Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Red Dragonfly Footwear Co Ltd (SHSE:603116) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjiatun Road, Dongpu Industrial Zone, Yubei Town, Yongjia County, Zhejiang, Wenzhou, CHN, 325102

Website

http://www.cnhqt.com

Zhejiang Red Dragonfly Footwear Co Ltd is engaged in research and development, production and sale of Red Dragonfly brand shoes and leather goods, clothing and other industry. The company main products include men's and women's shoes, children's shoes and apparels, leather belts, wallets, and leather handbags, among others.

Executives

Qian Jin Bo	Director
Wang Jian Bin	Director
Zhang Shao Bin	Directors, senior managers
Xue Xia	senior management
Fang Xuan Ping	Director
Chen Ming Hai	Director
Xu Zhi Hong	senior management
Jin Yin Kuan	Director
Dong Zhong Wu	senior management
Xu Wei	senior management
Qian Xiu Fen	senior management
Chen Man Cang	Supervisors

Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Headlines

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