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Shandong Sinocera Functional Material Co (SZSE:300285) Total Assets : ¥8,929 Mil (As of Mar. 2024)


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What is Shandong Sinocera Functional Material Co Total Assets?

Shandong Sinocera Functional Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥8,929 Mil.

During the past 12 months, Shandong Sinocera Functional Material Co's average Total Assets Growth Rate was 10.00% per year. During the past 3 years, the average Total Assets Growth Rate was 19.30% per year. During the past 5 years, the average Total Assets Growth Rate was 15.10% per year. During the past 10 years, the average Total Assets Growth Rate was 31.50% per year.

During the past 13 years, Shandong Sinocera Functional Material Co's highest 3-Year average Total Assets Growth Rate was 62.20%. The lowest was 12.80%. And the median was 46.40%.

Total Assets is connected with ROA %. Shandong Sinocera Functional Material Co's annualized ROA % for the quarter that ended in Mar. 2024 was 6.02%. Total Assets is also linked to Revenue through Asset Turnover. Shandong Sinocera Functional Material Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Shandong Sinocera Functional Material Co Total Assets Historical Data

The historical data trend for Shandong Sinocera Functional Material 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.

* Premium members only.

Shandong Sinocera Functional Material Co Total Assets Chart

Shandong Sinocera Functional Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,805.66 6,057.01 7,878.79 7,501.78 8,779.64

Shandong Sinocera Functional Material 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,973.81 8,356.06 8,555.58 8,779.64 8,929.14

Shandong Sinocera Functional Material 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.

Shandong Sinocera Functional Material 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 )
=6786.31+1993.327
=8,780

Shandong Sinocera Functional Material 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 )
=6929.586+1999.554
=8,929

* 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.

Shandong Sinocera Functional Material Co  (SZSE:300285) Total Assets Explanation

Total Assets is connected with ROA %.

Shandong Sinocera Functional Material 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 )
=533.452/( (8779.637+8929.14)/ 2 )
=533.452/8854.3885
=6.02 %

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.

Shandong Sinocera Functional Material 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 )
=826.664/( (8779.637+8929.14)/ 2 )
=826.664/8854.3885
=0.09

* 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.

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.

Shandong Sinocera Functional Material Co Total Assets Related Terms

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Shandong Sinocera Functional Material Co (SZSE:300285) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Sinocera Functional Material Co Ltd (SZSE:300285) » Definitions » Total Assets
Comparable Companies
SHSE:688295 SHSE:603826 SZSE:000703 SZSE:300054 SZSE:000830 SZSE:002568 SHSE:600873 SHSE:600143 SZSE:300395 SHSE:603650 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
No. 24 Liaohe Road, Dongying District, Shandong Province, Dongying, CHN, 257091
Website
http://www.sinocera.cn/
Shandong Sinocera Functional Material Co Ltd is mainly engaged in the research and development, production and sales of novel materials. The main products include multilayer ceramic capacitors, electronic ceramic materials, nano-scale composite zirconia materials, high-purity ultra-fine alumina materials, ceramic ink materials for inkjet printing, electronic pastes, honeycomb ceramics, and ceramic balls. Its products are mainly applied in an electronic information and communication, biomedical, new energy vehicles, architectural ceramics and modern high-tech fields such as porcelain, automotive and industrial catalysis, solar photovoltaic, and aerospace.
Executives
Zhang Xi Director
Zhang Bing Directors, executives
Wang Zhong Supervisors
Wang Xiao Hong Supervisors
Xu Shao Mei Directors, executives
Zhao Hong Yan Securities Affairs Representative
Liu Mei Na Director
Song Xi Bin Executives
Si Liu Qi Executives

Shandong Sinocera Functional Material Co (SZSE:300285) Headlines

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