Midea Group Co Ltd
Midea Group Co., Ltd., together with its subsidiaries, manufactures and sells home appliances, and robotic and automation systems in China and internationally. The company operates through four segments: Smart Home Business, Smart Building Technology, New Energy and Industrial Technology, and Others. It offers household air-conditioner, central air-conditioner, heating and ventilation systems, ki… Read more
Midea Group Co Ltd (000333) - Total Assets
Latest total assets as of September 2025: CN¥593.31 Billion CNY
Based on the latest financial reports, Midea Group Co Ltd (000333) holds total assets worth CN¥593.31 Billion CNY as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Midea Group Co Ltd - Total Assets Trend (2003–2024)
This chart illustrates how Midea Group Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Midea Group Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Midea Group Co Ltd's total assets of CN¥593.31 Billion consist of 64.4% current assets and 35.6% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 23.2% |
| Accounts Receivable | CN¥65.74 Billion | 10.9% |
| Inventory | CN¥63.34 Billion | 10.5% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥17.01 Billion | 2.8% |
| Goodwill | CN¥29.58 Billion | 4.9% |
Asset Composition Trend (2003–2024)
This chart illustrates how Midea Group Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Midea Group Co Ltd's current assets represent 64.4% of total assets in 2024, a decrease from 69.2% in 2003.
- Cash Position: Cash and equivalents constituted 23.2% of total assets in 2024, up from 13.4% in 2003.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 6.0% of total assets, an increase from 3.0% in 2003.
- Asset Diversification: The largest asset category is accounts receivable at 10.9% of total assets.
Midea Group Co Ltd Competitors by Total Assets
Key competitors of Midea Group Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gree Electric Appliances Inc of Zhuhai
SHE:000651
|
China | CN¥399.22 Billion |
|
Hisense Kelon Electrical Holdings Co Ltd
SHE:000921
|
China | CN¥71.93 Billion |
|
Suncha Technology Co Ltd
SHE:001211
|
China | CN¥1.86 Billion |
|
Beijing Liven Technology Co. Ltd.
SHE:001259
|
China | CN¥838.81 Million |
|
De Rucci Healthy Sleep Co. Ltd.
SHE:001323
|
China | CN¥7.71 Billion |
|
Tongda Smart Tech (Xiamen) Co. Ltd. A
SHE:001368
|
China | CN¥1.73 Billion |
|
Hefei Snowky Elec Co Ltd
SHE:001387
|
China | CN¥2.43 Billion |
|
Elec-Tech International Co Ltd
SHE:002005
|
China | CN¥1.21 Billion |
Midea Group Co Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Midea Group Co Ltd generates 0.67x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Midea Group Co Ltd generates $6.38 in net profit.
Midea Group Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.11 | 1.12 | 1.31 |
| Quick Ratio | 0.97 | 0.99 | 1.14 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥37.62 Billion | CN¥ 39.95 Billion | CN¥ 57.50 Billion |
Midea Group Co Ltd - Advanced Valuation Insights
This section examines the relationship between Midea Group Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.72 |
| Latest Market Cap to Assets Ratio | 0.09 |
| Asset Growth Rate (YoY) | 24.3% |
| Total Assets | CN¥604.35 Billion |
| Market Capitalization | $52.26 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Midea Group Co Ltd's assets below their book value (0.09 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Midea Group Co Ltd's assets grew by 24.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Midea Group Co Ltd (2003–2024)
The table below shows the annual total assets of Midea Group Co Ltd from 2003 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥604.35 Billion | +24.34% |
| 2023-12-31 | CN¥486.04 Billion | +15.02% |
| 2022-12-31 | CN¥422.56 Billion | +8.92% |
| 2021-12-31 | CN¥387.95 Billion | +7.65% |
| 2020-12-31 | CN¥360.38 Billion | +19.35% |
| 2019-12-31 | CN¥301.96 Billion | +14.51% |
| 2018-12-31 | CN¥263.70 Billion | +6.29% |
| 2017-12-31 | CN¥248.11 Billion | +45.43% |
| 2016-12-31 | CN¥170.60 Billion | +32.41% |
| 2015-12-31 | CN¥128.84 Billion | +7.11% |
| 2014-12-31 | CN¥120.29 Billion | +24.08% |
| 2013-12-31 | CN¥96.95 Billion | +10.50% |
| 2012-12-31 | CN¥87.74 Billion | -2.89% |
| 2011-12-31 | CN¥90.35 Billion | +27.32% |
| 2010-12-31 | CN¥70.96 Billion | +36.29% |
| 2009-12-31 | CN¥52.07 Billion | +45.04% |
| 2008-12-31 | CN¥35.90 Billion | +30.92% |
| 2007-12-31 | CN¥27.42 Billion | +41.34% |
| 2006-12-31 | CN¥19.40 Billion | +20.32% |
| 2005-12-31 | CN¥16.12 Billion | +27.72% |
| 2004-12-31 | CN¥12.63 Billion | +35.11% |
| 2003-12-31 | CN¥9.34 Billion | -- |