Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Total Assets : ¥13,299 Mil (As of Mar. 2024)

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What is Jiangsu Shuangxing Color Plastic New Materials Co Total Assets?

Jiangsu Shuangxing Color Plastic New Materials Co's Total Assets for the quarter that ended in Mar. 2024 was ¥13,299 Mil.

Warning Sign:

If a company builds assets at 9.6% a year, faster than its revenue growth rate of 8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Jiangsu Shuangxing Color Plastic New Materials Co's average Total Assets Growth Rate was 7.10% per year. During the past 3 years, the average Total Assets Growth Rate was 13.70% per year. During the past 5 years, the average Total Assets Growth Rate was 9.60% per year. During the past 10 years, the average Total Assets Growth Rate was 11.80% per year.

During the past 13 years, Jiangsu Shuangxing Color Plastic New Materials Co's highest 3-Year average Total Assets Growth Rate was 83.60%. The lowest was 1.00%. And the median was 14.20%.

Total Assets is connected with ROA %. Jiangsu Shuangxing Color Plastic New Materials Co's annualized ROA % for the quarter that ended in Mar. 2024 was -2.62%. Total Assets is also linked to Revenue through Asset Turnover. Jiangsu Shuangxing Color Plastic New Materials Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

Jiangsu Shuangxing Color Plastic New Materials Co Total Assets Historical Data

The historical data trend for Jiangsu Shuangxing Color Plastic New Materials 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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Jiangsu Shuangxing Color Plastic New Materials Co Total Assets Chart

Jiangsu Shuangxing Color Plastic New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8,995.42

10,217.80

12,125.31

12,248.20

13,399.98

Jiangsu Shuangxing Color Plastic New Materials 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															12,352.98	12,793.77	12,938.25	13,399.98	13,298.90

Jiangsu Shuangxing Color Plastic New Materials 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.

Jiangsu Shuangxing Color Plastic New Materials 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 )
	=	9314.201	+	4085.774
	=	13,400

Jiangsu Shuangxing Color Plastic New Materials 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 )
	=	9226.751	+	4072.151
	=	13,299

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Total Assets Explanation

Total Assets is connected with ROA %.

Jiangsu Shuangxing Color Plastic New Materials 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 )
	=	-349.8	/	( (13399.975	+	13298.902)	/ 2 )
	=	-349.8	/	13349.4385
	=	-2.62 %

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.

Jiangsu Shuangxing Color Plastic New Materials 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 )
=	1381.423	/	( (13399.975	+	13298.902)	/ 2 )
=	1381.423	/	13349.4385
=	0.10

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.

Jiangsu Shuangxing Color Plastic New Materials Co Total Assets Related Terms

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Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jiangsu Shuangxing Color Plastic New Materials Co Ltd (SZSE:002585) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Jingtou Street, Suqian City, Jiangsu Province, CHN, 223808

Website

http://www.cpp.com.cn

Jiangsu Shuangxing Color Plastic New Materials Co Ltd is engaged in the development and production of plastic packaging materials in China. Its products include Metallized Film, Ployester Film, Hot Stamping Film, Transfer Film, Card Protection Film, Yarn Grade Film, Decorative Film, Laser Film, Thermal Sealable Film and Solar Film. The company distributes its products in domestic and to overseas markets.

Executives

Ding Yan Sen	Executives
Li Ping	Executives
Zou Xue Mei	Directors, executives
Wu Di	Directors, Directors, and Executives
Sun Hua Bin	Executives
Lu Jing Quan	Executives
Ge Lin	Executives
Pan Jian Zhong	Executives
Wu Pei Fu	Directors, executives
Cao Wei	Director
Lu Jing Chao	Executives

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Headlines

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