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Beijing Worldia Diamond Tools Co (SHSE:688028) Total Assets : ¥2,199.5 Mil (As of Mar. 2024)


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What is Beijing Worldia Diamond Tools Co Total Assets?

Beijing Worldia Diamond Tools Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,199.5 Mil.

Warning Sign:

If a company builds assets at 42.2% 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, Beijing Worldia Diamond Tools Co's average Total Assets Growth Rate was 19.90% per year. During the past 3 years, the average Total Assets Growth Rate was 58.30% per year. During the past 5 years, the average Total Assets Growth Rate was 42.20% per year.

During the past 8 years, Beijing Worldia Diamond Tools Co's highest 3-Year average Total Assets Growth Rate was 58.30%. The lowest was 17.90%. And the median was 22.50%.

Total Assets is connected with ROA %. Beijing Worldia Diamond Tools Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.38%. Total Assets is also linked to Revenue through Asset Turnover. Beijing Worldia Diamond Tools Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.07.


Beijing Worldia Diamond Tools Co Total Assets Historical Data

The historical data trend for Beijing Worldia Diamond Tools 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.

Beijing Worldia Diamond Tools Co Total Assets Chart

Beijing Worldia Diamond Tools Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 910.31 899.28 931.42 2,062.02 2,132.92

Beijing Worldia Diamond Tools 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 2,042.68 2,034.67 2,084.81 2,132.92 2,199.54

Beijing Worldia Diamond Tools 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.

Beijing Worldia Diamond Tools 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 )
=1915.771+217.146
=2,132.9

Beijing Worldia Diamond Tools 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 )
=1939.229+260.313
=2,199.5

* 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.


Beijing Worldia Diamond Tools Co  (SHSE:688028) Total Assets Explanation

Total Assets is connected with ROA %.

Beijing Worldia Diamond Tools 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 )
=94.864/( (2132.917+2199.542)/ 2 )
=94.864/2166.2295
=4.38 %

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.

Beijing Worldia Diamond Tools 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 )
=148.152/( (2132.917+2199.542)/ 2 )
=148.152/2166.2295
=0.07

* 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.

Beijing Worldia Diamond Tools Co Total Assets Related Terms

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Beijing Worldia Diamond Tools Co (SHSE:688028) Business Description

Traded in Other Exchanges
N/A
Address
No.1, Jiuxianqiao Road East Road, Room H-03, 5th Floor, 7-12, Building 7, Chaoyang District, Beijing, CHN, 100015
Beijing Worldia Diamond Tools Co Ltd is engaged in the research and development, production, sales and service of high precision diamond cutting tools. Th company's product catalogue mainly covers high precision cutting tools, diamond scribing wheels and related accessories. The cutting tools offered by the company are widely applied in automotive, electronic, new energy, and other industries.
Executives
Sun Xue Yuan Supervisors
Zhang Zong Chao Directors, senior managers, core technical personn
Fan Xiao Yan Director
Chen Ji Feng Directors, senior managers, core technical personn
Xu Wei senior management
Chen Huan Chao senior management
Tang Wen Lin Directors, senior managers, core technical personn
Liu Chun Lan Supervisors
Tian Yu Director
Li Shu Hui Director

Beijing Worldia Diamond Tools Co (SHSE:688028) Headlines

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