Sunresin New Materials Co Xi'an (SZSE:300487) Total Assets : ¥5,830 Mil (As of Mar. 2024)

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What is Sunresin New Materials Co Xi'an Total Assets?

Sunresin New Materials Co Xi'an's Total Assets for the quarter that ended in Mar. 2024 was ¥5,830 Mil.

During the past 12 months, Sunresin New Materials Co Xi'an's average Total Assets Growth Rate was 11.50% per year. During the past 3 years, the average Total Assets Growth Rate was 19.90% per year. During the past 5 years, the average Total Assets Growth Rate was 21.50% per year. During the past 10 years, the average Total Assets Growth Rate was 29.20% per year.

During the past 13 years, Sunresin New Materials Co Xi'an's highest 3-Year average Total Assets Growth Rate was 42.20%. The lowest was 15.90%. And the median was 27.60%.

Total Assets is connected with ROA %. Sunresin New Materials Co Xi'an's annualized ROA % for the quarter that ended in Mar. 2024 was 11.74%. Total Assets is also linked to Revenue through Asset Turnover. Sunresin New Materials Co Xi'an's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Sunresin New Materials Co Xi'an Total Assets Historical Data

The historical data trend for Sunresin New Materials Co Xi'an'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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Sunresin New Materials Co Xi'an Total Assets Chart

Sunresin New Materials Co Xi'an Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,253.49

2,553.40

3,104.53

4,571.13

5,695.04

Sunresin New Materials Co Xi'an 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															4,716.33	5,311.78	5,558.89	5,695.04	5,830.03

Sunresin New Materials Co Xi'an 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.

Sunresin New Materials Co Xi'an'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 )
	=	3455.829	+	2239.213
	=	5,695

Sunresin New Materials Co Xi'an'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 )
	=	3624.267	+	2205.766
	=	5,830

Sunresin New Materials Co Xi'an (SZSE:300487) Total Assets Explanation

Total Assets is connected with ROA %.

Sunresin New Materials Co Xi'an'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 )
	=	676.576	/	( (5695.042	+	5830.032)	/ 2 )
	=	676.576	/	5762.537
	=	11.74 %

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.

Sunresin New Materials Co Xi'an'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 )
=	630.918	/	( (5695.042	+	5830.032)	/ 2 )
=	630.918	/	5762.537
=	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.

Sunresin New Materials Co Xi'an Total Assets Related Terms

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Sunresin New Materials Co Xi'an (SZSE:300487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sunresin New Materials Co Ltd Xi'an (SZSE:300487) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 135, Jinye Road, Xi'an High-tech Development Zone, Sunresin Park, Shaanxi, CHN, 710076

Website

http://www.sunresin.com

Sunresin New Materials Co Ltd Xi'an is engaged in the research and development, manufacture, and sale of adsorption and separation polymeric resins and equipment. The company products are used in food and beverage purification, pharmaceuticals, herbal extracts, enzyme immobilization, chromatography media, membrane caustic soda, solid phase synthesis, biodiesel purification, hydrometallurgy, mining, precious metal recycling, aquarium treatment, and others.

Executives

An Yuan	Directors, executives
Li Sui Dang	Director
Li Yan Jun	Supervisors
Fan Wen Min	Supervisors
Wei Wei Jun	Directors, executives
Kou Xiao Kang	Directors, executives
Gao Yue Jing	Director
Zhang Cheng	Directors, executives
Yang Ya Ling	Supervisors
Wang Ri Sheng	Supervisors
Xu Shu E	Supervisors
Guan Li Min	Directors, executives
Su Bi Wu	Supervisors
Tian Xiao Jun	Directors, executives

Sunresin New Materials Co Xi'an (SZSE:300487) Headlines

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