Zhejiangnhua Intelligent Controls Co (SZSE:002050) Total Assets : ¥32,561 Mil (As of Mar. 2024)

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What is Zhejiangnhua Intelligent Controls Co Total Assets?

Zhejiangnhua Intelligent Controls Co's Total Assets for the quarter that ended in Mar. 2024 was ¥32,561 Mil.

During the past 12 months, Zhejiangnhua Intelligent Controls Co's average Total Assets Growth Rate was 22.00% per year. During the past 3 years, the average Total Assets Growth Rate was 25.30% per year. During the past 5 years, the average Total Assets Growth Rate was 21.00% per year. During the past 10 years, the average Total Assets Growth Rate was 15.20% per year.

During the past 13 years, Zhejiangnhua Intelligent Controls Co's highest 3-Year average Total Assets Growth Rate was 82.70%. The lowest was 5.90%. And the median was 25.30%.

Total Assets is connected with ROA %. Zhejiangnhua Intelligent Controls Co's annualized ROA % for the quarter that ended in Mar. 2024 was 8.04%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiangnhua Intelligent Controls Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.20.

Zhejiangnhua Intelligent Controls Co Total Assets Historical Data

The historical data trend for Zhejiangnhua Intelligent Controls 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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Zhejiangnhua Intelligent Controls Co Total Assets Chart

Zhejiangnhua Intelligent Controls Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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14,790.19

17,115.60

23,619.97

27,961.21

31,890.59

Zhejiangnhua Intelligent Controls 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															28,516.93	29,158.98	30,333.18	31,890.59	32,560.63

Zhejiangnhua Intelligent Controls 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.

Zhejiangnhua Intelligent Controls 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 )
	=	18063.708	+	13826.877
	=	31,891

Zhejiangnhua Intelligent Controls 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 )
	=	18422.831	+	14137.801
	=	32,561

Zhejiangnhua Intelligent Controls Co (SZSE:002050) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiangnhua Intelligent Controls 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 )
	=	2590.968	/	( (31890.585	+	32560.632)	/ 2 )
	=	2590.968	/	32225.6085
	=	8.04 %

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.

Zhejiangnhua Intelligent Controls 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 )
=	6439.559	/	( (31890.585	+	32560.632)	/ 2 )
=	6439.559	/	32225.6085
=	0.20

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.

Zhejiangnhua Intelligent Controls Co Total Assets Related Terms

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Zhejiangnhua Intelligent Controls Co (SZSE:002050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Sanhua Intelligent Controls Co Ltd (SZSE:002050) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xiali Street, Qixing Street, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.zjshc.com

Zhejiang Sanhua Intelligent Controls Co Ltd is an HVAC&R manufacturer of controls and components. It is engaged in the research and development, manufacture and distribution of refrigeration and air-conditioning control components, which include 4-way reversing valves, solenoid valves, and electronic expansion valves. The products offered by the company are standard controls and line components, customized controls and line components, electronic controls, and micro-channel heat exchanger. The products have application in air conditioning, commercial refrigeration, heat pump and home appliances. The organization supplies its products in China and internationally.

Executives

Ni Xiao Ming	Director
Hu Kai Cheng	Secretary Dong
Wang Da Yong	Directors, executives
Yu Ying Kui	Executives
Zhang Ya Bo	Directors, executives
Chen Xiao Ming	Supervisors
Chen Yu Zhong	Directors, executives
Wang Yu Tong	Securities Affairs Representative
Weng Wei Feng	Supervisors
Shi Chu Liang	Director
Liu Fei	Executives
Du An Lin	Executives
Li Wen Xiang	Director
Yu Shu Li	Director

Zhejiangnhua Intelligent Controls Co (SZSE:002050) Headlines

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