GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sinolong New Materials Co Ltd (SZSE:301565) » Definitions » Total Assets

Sinolong New Materials Co (SZSE:301565) Total Assets : ¥3,663 Mil (As of Jun. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Sinolong New Materials Co Total Assets?

Sinolong New Materials Co's Total Assets for the quarter that ended in Jun. 2024 was ¥3,663 Mil.

During the past 12 months, Sinolong New Materials Co's average Total Assets Growth Rate was 14.90% per year. During the past 3 years, the average Total Assets Growth Rate was 10.60% per year.

During the past 5 years, Sinolong New Materials Co's highest 3-Year average Total Assets Growth Rate was 10.60%. The lowest was 2.80%. And the median was 6.70%.

Total Assets is connected with ROA %. Sinolong New Materials Co's annualized ROA % for the quarter that ended in Jun. 2024 was 5.46%. Total Assets is also linked to Revenue through Asset Turnover. Sinolong New Materials Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.19.

Sinolong New Materials Co Total Assets Historical Data

The historical data trend for Sinolong New Materials 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.

Sinolong New Materials Co Total Assets Chart

Sinolong New Materials Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
2,169.25 2,078.63 2,314.18 2,595.30 2,855.74

Sinolong New Materials Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,747.08 2,727.20 2,855.74 2,931.66 3,662.84

Sinolong New Materials 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.

Sinolong New Materials 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 )
=1599.867+1255.869
=2,856

Sinolong New Materials Co's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=2333.468+1329.375
=3,663

* 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.

Sinolong New Materials Co  (SZSE:301565) Total Assets Explanation

Total Assets is connected with ROA %.

Sinolong New Materials Co's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=180.064/( (2931.655+3662.843)/ 2 )
=180.064/3297.249
=5.46 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Sinolong New Materials Co's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=621.559/( (2931.655+3662.843)/ 2 )
=621.559/3297.249
=0.19

* 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.

Sinolong New Materials Co Total Assets Related Terms

Thank you for viewing the detailed overview of Sinolong New Materials Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Sinolong New Materials Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sinolong New Materials Co Ltd (SZSE:301565) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 268-1, Wengjiao Road, Haicang District, Fujian, Xiamen, CHN, 361000
Website
https://www.sinolong.net
Sinolong New Materials Co Ltd is engaged in Research and development, production and sales of functional BOPA film, biodegradable BOPLA film, polyamide 6 (PA6) and other related material products.

Sinolong New Materials Co Headlines

No Headlines