China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Total Assets : ¥2,711.5 Mil (As of Mar. 2024)

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What is China Machinery Huanyu Certification and Inspection Co Total Assets?

China Machinery Huanyu Certification and Inspection Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,711.5 Mil.

During the past 12 months, China Machinery Huanyu Certification and Inspection Co's average Total Assets Growth Rate was 35.20% per year. During the past 3 years, the average Total Assets Growth Rate was 19.00% per year.

During the past 5 years, China Machinery Huanyu Certification and Inspection Co's highest 3-Year average Total Assets Growth Rate was 19.00%. The lowest was 8.20%. And the median was 13.60%.

Total Assets is connected with ROA %. China Machinery Huanyu Certification and Inspection Co's annualized ROA % for the quarter that ended in Mar. 2024 was 3.71%. Total Assets is also linked to Revenue through Asset Turnover. China Machinery Huanyu Certification and Inspection Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

China Machinery Huanyu Certification and Inspection Co Total Assets Historical Data

The historical data trend for China Machinery Huanyu Certification and Inspection 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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China Machinery Huanyu Certification and Inspection Co Total Assets Chart

China Machinery Huanyu Certification and Inspection Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

853.57

1,148.29

1,208.60

1,375.28

3,118.60

China Machinery Huanyu Certification and Inspection Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							1,400.61	1,501.15	1,514.52	3,118.60	2,711.49

China Machinery Huanyu Certification and Inspection 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.

China Machinery Huanyu Certification and Inspection 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 )
	=	1980.751	+	1137.849
	=	3,118.6

China Machinery Huanyu Certification and Inspection 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 )
	=	2008.561	+	702.932
	=	2,711.5

China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Total Assets Explanation

Total Assets is connected with ROA %.

China Machinery Huanyu Certification and Inspection 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 )
	=	108.256	/	( (3118.6	+	2711.493)	/ 2 )
	=	108.256	/	2915.0465
	=	3.71 %

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.

China Machinery Huanyu Certification and Inspection 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 )
=	169.116	/	( (3118.6	+	2711.493)	/ 2 )
=	169.116	/	2915.0465
=	0.06

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.

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China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Machinery Huanyu Certification and Inspection Co Ltd (SZSE:301508) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 32, Tianrong Street, Beizangcun Town, Daxing, Beijing, CHN, 102609

Website

http://www.cmhci.com.cn

China Machinery Huanyu Certification and Inspection Co Ltd provides Product inspection and testing services for complete automobiles, military equipment, engineering machinery, special equipment, civil aviation ground equipment, parts and components, as well as certification services such as product certification, system certification and service certification.

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