GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Kingclean Electric Co Ltd (SHSE:603355) » Definitions » Total Assets

Kingclean Electric Co (SHSE:603355) Total Assets : ¥13,729 Mil (As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Kingclean Electric Co Total Assets?

Kingclean Electric Co's Total Assets for the quarter that ended in Mar. 2024 was ¥13,729 Mil.

Warning Sign:

If a company builds assets at 19.1% a year, faster than its revenue growth rate of 10.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Kingclean Electric Co's average Total Assets Growth Rate was 29.30% per year. During the past 3 years, the average Total Assets Growth Rate was 21.10% per year. During the past 5 years, the average Total Assets Growth Rate was 19.10% per year. During the past 10 years, the average Total Assets Growth Rate was 12.40% per year.

During the past 13 years, Kingclean Electric Co's highest 3-Year average Total Assets Growth Rate was 25.30%. The lowest was 2.20%. And the median was 11.40%.

Total Assets is connected with ROA %. Kingclean Electric Co's annualized ROA % for the quarter that ended in Mar. 2024 was 8.28%. Total Assets is also linked to Revenue through Asset Turnover. Kingclean Electric Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.18.


Kingclean Electric Co Total Assets Historical Data

The historical data trend for Kingclean Electric 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.

Kingclean Electric Co Total Assets Chart

Kingclean Electric 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 5,505.25 7,145.98 8,912.23 11,421.71 12,562.36

Kingclean Electric 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 10,767.58 10,923.07 11,194.48 12,562.36 13,729.41

Kingclean Electric 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.

Kingclean Electric 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 )
=4388.087+8174.273
=12,562

Kingclean Electric 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 )
=4647.771+9081.635
=13,729

* 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.


Kingclean Electric Co  (SHSE:603355) Total Assets Explanation

Total Assets is connected with ROA %.

Kingclean Electric 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 )
=1087.836/( (12562.36+13729.406)/ 2 )
=1087.836/13145.883
=8.28 %

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.

Kingclean Electric 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 )
=2312.53/( (12562.36+13729.406)/ 2 )
=2312.53/13145.883
=0.18

* 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.

Kingclean Electric Co Total Assets Related Terms

Thank you for viewing the detailed overview of Kingclean Electric Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Kingclean Electric Co (SHSE:603355) Business Description

Traded in Other Exchanges
N/A
Address
Number 1 Xiangyang Road, Suzhou New District, Jiangsu Province, Suzhou, CHN, 215009
Kingclean Electric Co Ltd is a China-based company engaged in manufacturing and selling of vacuum cleaners. It also offers garden tools, car motor, hard floor polisher, carpet washer and small home appliances like food cooking machine, juicer, and soymilk maker. The company operates three categories of its core business, High-speed motor and automobile motor, Cleaning appliance and kitchen appliance, and Garden tool products.
Executives
Han Jian Director
Ni Zu Gen Director
Wang Ping Ping Director

Kingclean Electric Co (SHSE:603355) Headlines

No Headlines