Shanghai Zhonggu Logistics Co (SHSE:603565) Total Assets : ¥24,136 Mil (As of Mar. 2024)

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What is Shanghai Zhonggu Logistics Co Total Assets?

Shanghai Zhonggu Logistics Co's Total Assets for the quarter that ended in Mar. 2024 was ¥24,136 Mil.

During the past 12 months, Shanghai Zhonggu Logistics Co's average Total Assets Growth Rate was 21.20% per year. During the past 3 years, the average Total Assets Growth Rate was 23.20% per year. During the past 5 years, the average Total Assets Growth Rate was 20.40% per year.

During the past 10 years, Shanghai Zhonggu Logistics Co's highest 3-Year average Total Assets Growth Rate was 103.20%. The lowest was 12.60%. And the median was 28.20%.

Total Assets is connected with ROA %. Shanghai Zhonggu Logistics Co's annualized ROA % for the quarter that ended in Mar. 2024 was 6.54%. Total Assets is also linked to Revenue through Asset Turnover. Shanghai Zhonggu Logistics Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Shanghai Zhonggu Logistics Co Total Assets Historical Data

The historical data trend for Shanghai Zhonggu Logistics 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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Shanghai Zhonggu Logistics Co Total Assets Chart

Shanghai Zhonggu Logistics Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8,312.12

11,572.31

17,321.53

20,271.27

23,399.17

Shanghai Zhonggu Logistics Co Quarterly Data
	Dec18	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															21,706.75	23,082.49	23,827.83	23,399.17	24,135.96

Shanghai Zhonggu Logistics 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.

Shanghai Zhonggu Logistics 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 )
	=	10752.97	+	12646.205
	=	23,399

Shanghai Zhonggu Logistics 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 )
	=	11142.999	+	12992.957
	=	24,136

Shanghai Zhonggu Logistics Co (SHSE:603565) Total Assets Explanation

Total Assets is connected with ROA %.

Shanghai Zhonggu Logistics 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 )
	=	1554.372	/	( (23399.174	+	24135.956)	/ 2 )
	=	1554.372	/	23767.565
	=	6.54 %

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.

Shanghai Zhonggu Logistics 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 )
=	2785.277	/	( (23399.174	+	24135.956)	/ 2 )
=	2785.277	/	23767.565
=	0.12

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.

Shanghai Zhonggu Logistics Co Total Assets Related Terms

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Shanghai Zhonggu Logistics Co (SHSE:603565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Zhonggu Logistics Co Ltd (SHSE:603565) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

No. 3261, Dongfang Road, 15th Floor, Block B, Building 1, Pudong New Area, Shanghai, CHN, 200125

Website

http://www.zhonggu56.com

Shanghai Zhonggu Logistics Co Ltd is engaged in providing customers with customized and cost-effective door-to-door full container logistics solutions. The company has SQ boxes, coal boxes, special boxes, freezer boxes and other types of boxes, and more than 10,000 types of transport products. In addition to water transportation, the company integrates railways, highways and other resources. It provides a full range of multimodal transportation services such as sea-land transportation, river-sea transportation, water-water transfer, sea-rail transportation and cold chain transportation services.

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