Fujian Highton Development Co (SHSE:603162) Total Assets : ¥4,531 Mil (As of Mar. 2024)

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What is Fujian Highton Development Co Total Assets?

Fujian Highton Development Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,531 Mil.

During the past 12 months, Fujian Highton Development Co's average Total Assets Growth Rate was 73.10% per year. During the past 3 years, the average Total Assets Growth Rate was 30.30% per year. During the past 5 years, the average Total Assets Growth Rate was 23.30% per year.

During the past 7 years, Fujian Highton Development Co's highest 3-Year average Total Assets Growth Rate was 35.70%. The lowest was 14.10%. And the median was 26.05%.

Total Assets is connected with ROA %. Fujian Highton Development Co's annualized ROA % for the quarter that ended in Mar. 2024 was 7.94%. Total Assets is also linked to Revenue through Asset Turnover. Fujian Highton Development Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.18.

Fujian Highton Development Co Total Assets Historical Data

The historical data trend for Fujian Highton Development 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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Fujian Highton Development Co Total Assets Chart

Fujian Highton Development Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,316.32

1,586.26

2,141.82

2,606.86

4,532.36

Fujian Highton Development Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial											4,032.28	4,026.77	4,002.79	4,532.36	4,530.59

Fujian Highton Development 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.

Fujian Highton Development 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 )
	=	3636.249	+	896.113
	=	4,532

Fujian Highton Development 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 )
	=	3719.799	+	810.788
	=	4,531

Fujian Highton Development Co (SHSE:603162) Total Assets Explanation

Total Assets is connected with ROA %.

Fujian Highton Development 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 )
	=	359.748	/	( (4532.362	+	4530.588)	/ 2 )
	=	359.748	/	4531.475
	=	7.94 %

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.

Fujian Highton Development 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 )
=	797.649	/	( (4532.362	+	4530.588)	/ 2 )
=	797.649	/	4531.475
=	0.18

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.

Fujian Highton Development Co Total Assets Related Terms

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Fujian Highton Development Co (SHSE:603162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fujian Highton Development Co Ltd (SHSE:603162) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Jinjingwan Business Operation Center, Room 1705-2, Floor 17, Building 3, Pingtan Comprehensive Experimental Zone, Fujian Province, CHN, 350401

Website

http://www.fj-highton.com

Fujian Highton Development Co Ltd is mainly engaged in domestic coastal and international ocean shipping of dry bulk cargo.

Executives

Zheng Yu Fang	Directors, senior managers
Ceng Er Bin	Director
Le Jun Jie	Director
Huang Tian Tian	senior management
Liu Guo Yong	Directors, senior managers

Fujian Highton Development Co (SHSE:603162) Headlines

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