Guangdong Feinan Resources Recycling Co (SZSE:301500) Total Assets : ¥11,167 Mil (As of Mar. 2024)

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What is Guangdong Feinan Resources Recycling Co Total Assets?

Guangdong Feinan Resources Recycling Co's Total Assets for the quarter that ended in Mar. 2024 was ¥11,167 Mil.

Warning Sign:

If a company builds assets at 46.7% a year, faster than its revenue growth rate of 14.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Guangdong Feinan Resources Recycling Co's average Total Assets Growth Rate was 33.50% per year. During the past 3 years, the average Total Assets Growth Rate was 45.80% per year. During the past 5 years, the average Total Assets Growth Rate was 46.70% per year.

During the past 7 years, Guangdong Feinan Resources Recycling Co's highest 3-Year average Total Assets Growth Rate was 56.80%. The lowest was 32.70%. And the median was 46.40%.

Total Assets is connected with ROA %. Guangdong Feinan Resources Recycling Co's annualized ROA % for the quarter that ended in Mar. 2024 was -2.76%. Total Assets is also linked to Revenue through Asset Turnover. Guangdong Feinan Resources Recycling Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.21.

Guangdong Feinan Resources Recycling Co Total Assets Historical Data

The historical data trend for Guangdong Feinan Resources Recycling 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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Guangdong Feinan Resources Recycling Co Total Assets Chart

Guangdong Feinan Resources Recycling Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,353.24

3,585.14

5,821.90

7,588.93

10,605.51

Guangdong Feinan Resources Recycling Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial											8,024.12	8,854.94	10,602.14	10,605.51	11,166.53

Guangdong Feinan Resources Recycling 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.

Guangdong Feinan Resources Recycling 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 )
	=	4562.679	+	6042.834
	=	10,606

Guangdong Feinan Resources Recycling 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 )
	=	4493.463	+	6673.069
	=	11,167

Guangdong Feinan Resources Recycling Co (SZSE:301500) Total Assets Explanation

Total Assets is connected with ROA %.

Guangdong Feinan Resources Recycling 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 )
	=	-300.016	/	( (10605.513	+	11166.532)	/ 2 )
	=	-300.016	/	10886.0225
	=	-2.76 %

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.

Guangdong Feinan Resources Recycling 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 )
=	2285.131	/	( (10605.513	+	11166.532)	/ 2 )
=	2285.131	/	10886.0225
=	0.21

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.

Guangdong Feinan Resources Recycling Co Total Assets Related Terms

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Guangdong Feinan Resources Recycling Co (SZSE:301500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Guangdong Feinan Resources Recycling Co Ltd (SZSE:301500) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

No. 3-6, Dachong Section, Guihe Road, Lishui Town, Nanhai, Guangdong, Foshan, CHN, 526233

Website

https://www.feinanresources.com

Guangdong Feinan Resources Recycling Co Ltd is mainly engaged in the disposal of non-ferrous metal hazardous waste and the recycling of renewable resources. It is an environmental protection enterprise covering hazardous waste collection, harmless disposal, and resource recycling. The company applies traditional metallurgical technology to the non-ferrous metal hazardous waste disposal and utilization business. It can combine different batches of hazardous waste with low metal grade and different impurity content with copper-containing materials and adopt leading process technology to ultimately produce electrolytic copper, and ice Copper, anode slime and other resource-based products can truly realize resource regeneration and turn waste into treasure.

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