Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Total Assets : ¥15,290 Mil (As of Mar. 2024)

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What is Pangang Group Vanadium & Titanium Resources Co Total Assets?

Pangang Group Vanadium & Titanium Resources Co's Total Assets for the quarter that ended in Mar. 2024 was ¥15,290 Mil.

During the past 12 months, Pangang Group Vanadium & Titanium Resources Co's average Total Assets Growth Rate was 45.10% per year. During the past 3 years, the average Total Assets Growth Rate was 12.10% per year. During the past 5 years, the average Total Assets Growth Rate was 5.00% per year. During the past 10 years, the average Total Assets Growth Rate was -13.50% per year.

During the past 13 years, Pangang Group Vanadium & Titanium Resources Co's highest 3-Year average Total Assets Growth Rate was 65.50%. The lowest was -42.90%. And the median was 11.55%.

Total Assets is connected with ROA %. Pangang Group Vanadium & Titanium Resources Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.78%. Total Assets is also linked to Revenue through Asset Turnover. Pangang Group Vanadium & Titanium Resources Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.23.

Pangang Group Vanadium & Titanium Resources Co Total Assets Historical Data

The historical data trend for Pangang Group Vanadium & Titanium Resources 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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Pangang Group Vanadium & Titanium Resources Co Total Assets Chart

Pangang Group Vanadium & Titanium Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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12,966.14

13,110.55

10,210.60

11,935.28

15,334.34

Pangang Group Vanadium & Titanium Resources 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															11,967.88	14,604.98	15,190.55	15,334.34	15,290.13

Pangang Group Vanadium & Titanium Resources 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.

Pangang Group Vanadium & Titanium Resources 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 )
	=	12536.676	+	2797.667
	=	15,334

Pangang Group Vanadium & Titanium Resources 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 )
	=	12633.537	+	2656.593
	=	15,290

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Total Assets Explanation

Total Assets is connected with ROA %.

Pangang Group Vanadium & Titanium Resources 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 )
	=	272.588	/	( (15334.342	+	15290.13)	/ 2 )
	=	272.588	/	15312.236
	=	1.78 %

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.

Pangang Group Vanadium & Titanium Resources 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 )
=	3586.292	/	( (15334.342	+	15290.13)	/ 2 )
=	3586.292	/	15312.236
=	0.23

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.

Pangang Group Vanadium & Titanium Resources Co Total Assets Related Terms

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Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pangang Group Vanadium & Titanium Resources Co Ltd (SZSE:000629) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

West Section of Gangcheng Avenue, Panzhihua Culture Square, No. 21, East District, Sichuan Province, Panzhihua, CHN, 617067

Website

http://www.pgvt.cn

Pangang Group Vanadium Titanium & Resources Co Ltd is engaged in manufacturing and distributing vanadium pentoxide, vanadium iron, high-vanadium iron, vanadium trioxide, vanadium nitrogen alloy, titanium dioxide, and titanium dioxide. The company products are used in steel, chemical, military, electronics, and other industries.

Executives

Zhang Yu Dong	Supervisors
Xie Zheng Min	Executives
Liu Jie	Director
Zheng Yong Xiong	Supervisors
Du Si Hong	Executives
Zhang Da De	Director
Wang Zhang Min	Executives
Zhang Zhi Jie	Supervisors
Sun Ren Xiao	Director
Tian Ye	Director
Liu Jun	Executives
Xue Pei Hua	Executives
Xue Shi Cheng	Director
Jiao Jing Min	Executives
Liu Xin Hui	Supervisors

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Headlines

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