Wangli Security & Surveillance Product Co (SHSE:605268) Total Assets : ¥3,963 Mil (As of Mar. 2024)

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What is Wangli Security & Surveillance Product Co Total Assets?

Wangli Security & Surveillance Product Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,963 Mil.

Warning Sign:

If a company builds assets at 20.5% a year, faster than its revenue growth rate of 6.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Wangli Security & Surveillance Product Co's average Total Assets Growth Rate was 7.50% per year. During the past 3 years, the average Total Assets Growth Rate was 17.00% per year. During the past 5 years, the average Total Assets Growth Rate was 20.50% per year.

During the past 8 years, Wangli Security & Surveillance Product Co's highest 3-Year average Total Assets Growth Rate was 26.50%. The lowest was 9.70%. And the median was 17.00%.

Total Assets is connected with ROA %. Wangli Security & Surveillance Product Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.61%. Total Assets is also linked to Revenue through Asset Turnover. Wangli Security & Surveillance Product Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Wangli Security & Surveillance Product Co Total Assets Historical Data

The historical data trend for Wangli Security & Surveillance Product 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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Wangli Security & Surveillance Product Co Total Assets Chart

Wangli Security & Surveillance Product Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,949.85

2,586.67

3,647.74

3,768.76

4,048.61

Wangli Security & Surveillance Product 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															3,837.23	3,864.80	4,014.26	4,048.61	3,963.02

Wangli Security & Surveillance Product 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.

Wangli Security & Surveillance Product 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 )
	=	1686.185	+	2362.421
	=	4,049

Wangli Security & Surveillance Product 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 )
	=	1704.984	+	2258.032
	=	3,963

Wangli Security & Surveillance Product Co (SHSE:605268) Total Assets Explanation

Total Assets is connected with ROA %.

Wangli Security & Surveillance Product 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 )
	=	64.46	/	( (4048.606	+	3963.016)	/ 2 )
	=	64.46	/	4005.811
	=	1.61 %

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.

Wangli Security & Surveillance Product 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 )
=	435.163	/	( (4048.606	+	3963.016)	/ 2 )
=	435.163	/	4005.811
=	0.11

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.

Wangli Security & Surveillance Product Co Total Assets Related Terms

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Wangli Security & Surveillance Product Co (SHSE:605268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Wangli Security & Surveillance Product Co Ltd (SHSE:605268) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Hardware Technology Industrial Park, Zhejiang Province, Yongkang, CHN, 321300

Website

http://www.wanglianfang.com

Wangli Security & Surveillance Product Co Ltd is engaged in the research and development, design, production and sales of door products such as security doors and lock products such as mechanical locks and smart locks.

Executives

Zhi Chong Zheng	senior management
Ying Min	Director
Wang Li Xia	senior management
Hu Ying Jiang	Director
Chen Li	senior management
Chen Zhi Xian	senior management
Li Qiong Xing	senior management
Wang Shun Da	senior management

Wangli Security & Surveillance Product Co (SHSE:605268) Headlines

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