Xianheng International Science & Technology Co (SHSE:605056) Total Assets : ¥2,539 Mil (As of Mar. 2024)

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What is Xianheng International Science & Technology Co Total Assets?

Xianheng International Science & Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,539 Mil.

Warning Sign:

If a company builds assets at 14.8% a year, faster than its revenue growth rate of 8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Xianheng International Science & Technology Co's average Total Assets Growth Rate was 13.80% per year. During the past 3 years, the average Total Assets Growth Rate was 16.20% per year. During the past 5 years, the average Total Assets Growth Rate was 14.80% per year.

During the past 7 years, Xianheng International Science & Technology Co's highest 3-Year average Total Assets Growth Rate was 20.40%. The lowest was 11.00%. And the median was 15.30%.

Total Assets is connected with ROA %. Xianheng International Science & Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.28%. Total Assets is also linked to Revenue through Asset Turnover. Xianheng International Science & Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Xianheng International Science & Technology Co Total Assets Historical Data

The historical data trend for Xianheng International Science & Technology 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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Xianheng International Science & Technology Co Total Assets Chart

Xianheng International Science & Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,518.10

1,659.03

2,157.12

2,556.72

2,965.15

Xianheng International Science & Technology Co Quarterly Data
	Dec17	Dec18	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															2,371.82	2,281.30	2,430.06	2,965.15	2,539.10

Xianheng International Science & Technology 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.

Xianheng International Science & Technology 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 )
	=	1594.43	+	1370.716
	=	2,965

Xianheng International Science & Technology 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 )
	=	1604.724	+	934.38
	=	2,539

Xianheng International Science & Technology Co (SHSE:605056) Total Assets Explanation

Total Assets is connected with ROA %.

Xianheng International Science & Technology 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 )
	=	35.3	/	( (2965.146	+	2539.103)	/ 2 )
	=	35.3	/	2752.1245
	=	1.28 %

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.

Xianheng International Science & Technology 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 )
=	438.077	/	( (2965.146	+	2539.103)	/ 2 )
=	438.077	/	2752.1245
=	0.16

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.

Xianheng International Science & Technology Co Total Assets Related Terms

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Xianheng International Science & Technology Co (SHSE:605056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xianheng International Science & Technology Co Ltd (SHSE:605056) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room E10, No.889 Jiangcheng Road, Shangcheng District, Zhejiang Province, Hangzhou, CHN, 310009

Website

http://www.xianhengguoji.com

Xianheng International Science & Technology Co Ltd is an intensive MRO supplier of tools, instruments and other products. It mainly serves the power industry and also involves emergency, railway, urban rail transit, petroleum and petrochemicals and other fields. It specializes in the research and development, production, sales and technical services of independent products in the mentioned fields.

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