Zhejiang RIFA Precision Machinery Co (SZSE:002520) Total Assets : ¥4,098 Mil (As of Mar. 2024)

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What is Zhejiang RIFA Precision Machinery Co Total Assets?

Zhejiang RIFA Precision Machinery Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,098 Mil.

During the past 12 months, Zhejiang RIFA Precision Machinery Co's average Total Assets Growth Rate was -21.60% per year. During the past 3 years, the average Total Assets Growth Rate was -13.10% per year. During the past 5 years, the average Total Assets Growth Rate was -4.70% per year. During the past 10 years, the average Total Assets Growth Rate was 20.50% per year.

During the past 13 years, Zhejiang RIFA Precision Machinery Co's highest 3-Year average Total Assets Growth Rate was 58.30%. The lowest was -13.10%. And the median was 31.65%.

Total Assets is connected with ROA %. Zhejiang RIFA Precision Machinery Co's annualized ROA % for the quarter that ended in Mar. 2024 was -2.96%. Total Assets is also linked to Revenue through Asset Turnover. Zhejiang RIFA Precision Machinery Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Zhejiang RIFA Precision Machinery Co Total Assets Historical Data

The historical data trend for Zhejiang RIFA Precision Machinery 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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Zhejiang RIFA Precision Machinery Co Total Assets Chart

Zhejiang RIFA Precision Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5,823.24

6,353.79

7,279.19

5,957.83

4,226.77

Zhejiang RIFA Precision Machinery 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															5,426.02	5,633.39	5,120.47	4,226.77	4,098.40

Zhejiang RIFA Precision Machinery 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.

Zhejiang RIFA Precision Machinery 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 )
	=	1264.77	+	2961.996
	=	4,227

Zhejiang RIFA Precision Machinery 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 )
	=	1221.502	+	2876.901
	=	4,098

Zhejiang RIFA Precision Machinery Co (SZSE:002520) Total Assets Explanation

Total Assets is connected with ROA %.

Zhejiang RIFA Precision Machinery 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 )
	=	-123.144	/	( (4226.766	+	4098.403)	/ 2 )
	=	-123.144	/	4162.5845
	=	-2.96 %

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.

Zhejiang RIFA Precision Machinery 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 )
=	457.685	/	( (4226.766	+	4098.403)	/ 2 )
=	457.685	/	4162.5845
=	0.11

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.

Zhejiang RIFA Precision Machinery Co Total Assets Related Terms

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Zhejiang RIFA Precision Machinery Co (SZSE:002520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang RIFA Precision Machinery Co Ltd (SZSE:002520) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Nanyan Industry Zone, Zhejiang Province, Xinchang, CHN, 312500

Website

http://www.rifapm.com

Zhejiang RIFA Precision Machinery Co Ltd is a China-based company engaged in the manufacturing and distribution of computer numerical control (CNC) machine tools. It provides CNC lathes, CNC grinding machines, vertical machining centers, horizontal machining centers, as well as gantry machining centers, among others. It offers its products under the brand name RIFA. The company distributes its products within domestic market and to overseas markets.

Executives

Wang Ben Shan	Directors, executives
Huang Lin Jun	Supervisors
Wu Jie	Director
Wang Ji	Director
Dong Yi Guang	Supervisors

Zhejiang RIFA Precision Machinery Co (SZSE:002520) Headlines

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