China Zhenhua (Group) Science & Technology Co (SZSE:000733) Total Assets : ¥17,967 Mil (As of Mar. 2024)

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What is China Zhenhua (Group) Science & Technology Co Total Assets?

China Zhenhua (Group) Science & Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥17,967 Mil.

During the past 12 months, China Zhenhua (Group) Science & Technology Co's average Total Assets Growth Rate was 3.70% per year. During the past 3 years, the average Total Assets Growth Rate was 18.10% per year. During the past 5 years, the average Total Assets Growth Rate was 10.50% per year. During the past 10 years, the average Total Assets Growth Rate was 11.20% per year.

During the past 13 years, China Zhenhua (Group) Science & Technology Co's highest 3-Year average Total Assets Growth Rate was 44.50%. The lowest was -0.40%. And the median was 9.80%.

Total Assets is connected with ROA %. China Zhenhua (Group) Science & Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was 2.27%. Total Assets is also linked to Revenue through Asset Turnover. China Zhenhua (Group) Science & Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

China Zhenhua (Group) Science & Technology Co Total Assets Historical Data

The historical data trend for China Zhenhua (Group) 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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China Zhenhua (Group) Science & Technology Co Total Assets Chart

China Zhenhua (Group) Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8,766.60

8,981.44

11,122.77

13,577.80

17,974.51

China Zhenhua (Group) Science & Technology 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															14,620.43	14,962.10	17,835.70	17,974.51	17,966.74

China Zhenhua (Group) 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.

China Zhenhua (Group) 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 )
	=	14346.669	+	3627.846
	=	17,975

China Zhenhua (Group) 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 )
	=	14469.531	+	3497.211
	=	17,967

China Zhenhua (Group) Science & Technology Co (SZSE:000733) Total Assets Explanation

Total Assets is connected with ROA %.

China Zhenhua (Group) 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 )
	=	407.76	/	( (17974.514	+	17966.742)	/ 2 )
	=	407.76	/	17970.628
	=	2.27 %

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.

China Zhenhua (Group) 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 )
=	1014.207	/	( (17974.514	+	17966.742)	/ 2 )
=	1014.207	/	17970.628
=	0.06

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.

China Zhenhua (Group) Science & Technology Co Total Assets Related Terms

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China Zhenhua (Group) Science & Technology Co (SZSE:000733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Zhenhua (Group) Science & Technology Co Ltd (SZSE:000733) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 268, North Section, Xin Tim Road, Wudang District, Guizhou Province, Guiyang, CHN, 550018

Website

http://www.czst.com.cn

China Zhenhua (Group) Science & Technology Co Ltd operates in the electronic components business. The business activities are functioned through four sectors namely Electronic Components, Electronic Materials, Complete Machines and Systems, and Modern Service Industries. Geographically the business is functioned through the region of China.

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