Anhui Chaoyue Environmental Protection Technology Co (SZSE:301049) Total Assets : ¥1,242.7 Mil (As of Mar. 2024)

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What is Anhui Chaoyue Environmental Protection Technology Co Total Assets?

Anhui Chaoyue Environmental Protection Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,242.7 Mil.

During the past 12 months, Anhui Chaoyue Environmental Protection Technology Co's average Total Assets Growth Rate was 10.60% per year. During the past 3 years, the average Total Assets Growth Rate was 26.00% per year. During the past 5 years, the average Total Assets Growth Rate was 32.30% per year.

During the past 7 years, Anhui Chaoyue Environmental Protection Technology Co's highest 3-Year average Total Assets Growth Rate was 35.20%. The lowest was 26.00%. And the median was 32.90%.

Total Assets is connected with ROA %. Anhui Chaoyue Environmental Protection Technology Co's annualized ROA % for the quarter that ended in Mar. 2024 was -3.80%. Total Assets is also linked to Revenue through Asset Turnover. Anhui Chaoyue Environmental Protection Technology Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

Anhui Chaoyue Environmental Protection Technology Co Total Assets Historical Data

The historical data trend for Anhui Chaoyue Environmental Protection Technology 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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Anhui Chaoyue Environmental Protection Technology Co Total Assets Chart

Anhui Chaoyue Environmental Protection Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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455.58

654.15

1,102.79

1,183.80

1,248.04

Anhui Chaoyue Environmental Protection Technology Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															1,232.09	1,251.12	1,275.76	1,248.04	1,242.71

Anhui Chaoyue Environmental Protection Technology 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.

Anhui Chaoyue Environmental Protection Technology 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 )
	=	769.926	+	478.111
	=	1,248.0

Anhui Chaoyue Environmental Protection Technology 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 )
	=	757.972	+	484.738
	=	1,242.7

Anhui Chaoyue Environmental Protection Technology Co (SZSE:301049) Total Assets Explanation

Total Assets is connected with ROA %.

Anhui Chaoyue Environmental Protection Technology 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 )
	=	-47.284	/	( (1248.037	+	1242.71)	/ 2 )
	=	-47.284	/	1245.3735
	=	-3.80 %

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.

Anhui Chaoyue Environmental Protection Technology 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 )
=	55.439	/	( (1248.037	+	1242.71)	/ 2 )
=	55.439	/	1245.3735
=	0.04

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.

Anhui Chaoyue Environmental Protection Technology Co Total Assets Related Terms

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Anhui Chaoyue Environmental Protection Technology Co (SZSE:301049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Anhui Chaoyue Environmental Protection Technology Co (SZSE:301049) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

Youfang Village, Shahe Town, Nanqiao District, Anhui Province, Chuzhou, CHN, 239060

Website

http://www.ah-cy.cn

Anhui Chaoyue Environmental Technology Co Ltd is a environmental protection enterprise specializing in the professional disposal of industrial hazardous waste, medical waste, dismantling of waste electrical and electronic products, comprehensive utilization of resources, and research and development of energy-saving and environmental protection technologies.

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