Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Total Assets : ¥3,729 Mil (As of Mar. 2024)

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What is Zhongfu Straits (Pingtan) Development Co Total Assets?

Zhongfu Straits (Pingtan) Development Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,729 Mil.

During the past 12 months, Zhongfu Straits (Pingtan) Development Co's average Total Assets Growth Rate was -8.90% per year. During the past 3 years, the average Total Assets Growth Rate was -6.70% per year. During the past 5 years, the average Total Assets Growth Rate was -1.80% per year. During the past 10 years, the average Total Assets Growth Rate was 6.90% per year.

During the past 13 years, Zhongfu Straits (Pingtan) Development Co's highest 3-Year average Total Assets Growth Rate was 116.10%. The lowest was -33.00%. And the median was 6.90%.

Total Assets is connected with ROA %. Zhongfu Straits (Pingtan) Development Co's annualized ROA % for the quarter that ended in Mar. 2024 was -0.08%. Total Assets is also linked to Revenue through Asset Turnover. Zhongfu Straits (Pingtan) Development Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.

Zhongfu Straits (Pingtan) Development Co Total Assets Historical Data

The historical data trend for Zhongfu Straits (Pingtan) Development 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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Zhongfu Straits (Pingtan) Development Co Total Assets Chart

Zhongfu Straits (Pingtan) Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,251.02

4,939.32

4,156.95

4,105.91

4,125.42

Zhongfu Straits (Pingtan) Development 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															4,116.98	4,104.25	4,095.69	4,125.42	3,729.46

Zhongfu Straits (Pingtan) Development 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.

Zhongfu Straits (Pingtan) Development 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 )
	=	2143.501	+	1981.921
	=	4,125

Zhongfu Straits (Pingtan) Development 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 )
	=	2140.268	+	1589.19
	=	3,729

Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Total Assets Explanation

Total Assets is connected with ROA %.

Zhongfu Straits (Pingtan) Development 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 )
	=	-3.208	/	( (4125.422	+	3729.458)	/ 2 )
	=	-3.208	/	3927.44
	=	-0.08 %

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.

Zhongfu Straits (Pingtan) Development 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 )
=	602.851	/	( (4125.422	+	3729.458)	/ 2 )
=	602.851	/	3927.44
=	0.15

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.

Zhongfu Straits (Pingtan) Development Co Total Assets Related Terms

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Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Zhongfu Straits (Pingtan) Development Co Ltd (SZSE:000592) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 159 Wusi Road, 23th Floor, World Golden Dragon Building, Gulou District, Fujian Province, Fuzhou, CHN, 350001

Website

http://www.000592.com

Zhongfu Straits (Pingtan) Development Company Ltd operates in the forest products industry in China. The company is engaged in design and construction of garden landscape engineering, municipal engineering, interior decoration engineering; housing lease; property management, and foreign trade.

Executives

Chen Xi	Securities Affairs Representative
Wang Zhi Ming	Director
Liu Ping Shan	Director
Li Jin Hua	Independent director
Hong Yue Hua	Executives
Chen De He	Director

Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Headlines

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