Changzhou Tenglong Auto Parts Co (SHSE:603158) Total Assets : ¥4,580 Mil (As of Mar. 2024)

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What is Changzhou Tenglong Auto Parts Co Total Assets?

Changzhou Tenglong Auto Parts Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,580 Mil.

During the past 12 months, Changzhou Tenglong Auto Parts Co's average Total Assets Growth Rate was 11.00% per year. During the past 3 years, the average Total Assets Growth Rate was 14.10% per year. During the past 5 years, the average Total Assets Growth Rate was 22.10% per year. During the past 10 years, the average Total Assets Growth Rate was 25.40% per year.

During the past 13 years, Changzhou Tenglong Auto Parts Co's highest 3-Year average Total Assets Growth Rate was 38.50%. The lowest was 14.10%. And the median was 25.55%.

Total Assets is connected with ROA %. Changzhou Tenglong Auto Parts Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.97%. Total Assets is also linked to Revenue through Asset Turnover. Changzhou Tenglong Auto Parts Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.19.

Changzhou Tenglong Auto Parts Co Total Assets Historical Data

The historical data trend for Changzhou Tenglong Auto Parts 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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Changzhou Tenglong Auto Parts Co Total Assets Chart

Changzhou Tenglong Auto Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,453.16

3,026.52

3,754.53

4,087.41

4,547.66

Changzhou Tenglong Auto Parts 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															4,104.00	4,108.52	4,237.05	4,547.66	4,579.91

Changzhou Tenglong Auto Parts 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.

Changzhou Tenglong Auto Parts 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 )
	=	2343.243	+	2204.419
	=	4,548

Changzhou Tenglong Auto Parts 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 )
	=	2400.004	+	2179.908
	=	4,580

Changzhou Tenglong Auto Parts Co (SHSE:603158) Total Assets Explanation

Total Assets is connected with ROA %.

Changzhou Tenglong Auto Parts 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 )
	=	226.724	/	( (4547.663	+	4579.912)	/ 2 )
	=	226.724	/	4563.7875
	=	4.97 %

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.

Changzhou Tenglong Auto Parts 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 )
=	858.301	/	( (4547.663	+	4579.912)	/ 2 )
=	858.301	/	4563.7875
=	0.19

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.

Changzhou Tenglong Auto Parts Co Total Assets Related Terms

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Changzhou Tenglong Auto Parts Co (SHSE:603158) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Tenglong Auto Parts Co Ltd (SHSE:603158) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No.15, Tenglong Road, Economic Development Zone,Wujin District, Jiangsu province, Changzhou, CHN, 213149

Website

http://www.cztl.com

Changzhou Tenglong Auto Parts Co Ltd provides services for auto parts. Its engaged in the development and manufacture of auto heat exchange pipes, especially the auto air-conditioning pipes and the accessories. It also has explored its business in energy conservative and environmental protective auto parts field, including light alloy materials, EGR products, auto sensors. It offers a variety of automotive air conditioning pipes, automotive heat exchange systems connecting hard pipe and automotive heat exchange systems accessories.

Executives

Jiang Xue Zhen

Director

Changzhou Tenglong Auto Parts Co (SHSE:603158) Headlines

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