Jiangsu Changbao Steeltube Co Ltd (002478) - Total Assets
Based on the latest financial reports, Jiangsu Changbao Steeltube Co Ltd (002478) holds total assets worth CN¥8.95 Billion CNY (≈ $1.31 Billion USD) 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. See Jiangsu Changbao Steeltube Co Ltd (002478) shareholders funds for net asset value and shareholders' equity analysis.
Jiangsu Changbao Steeltube Co Ltd - Total Assets Trend (2007–2024)
This chart illustrates how Jiangsu Changbao Steeltube Co Ltd's total assets have evolved over time, based on quarterly financial data.
Jiangsu Changbao Steeltube Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Jiangsu Changbao Steeltube Co Ltd's total assets of CN¥8.95 Billion consist of 65.6% current assets and 34.4% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 31.8% |
| Accounts Receivable | CN¥1.29 Billion | 15.6% |
| Inventory | CN¥1.09 Billion | 13.1% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥154.71 Million | 1.9% |
| Goodwill | CN¥9.60 Million | 0.1% |
Asset Composition Trend (2007–2024)
This chart illustrates how Jiangsu Changbao Steeltube 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. For live market cap, price, and company overview, see market value of Jiangsu Changbao Steeltube Co Ltd.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Jiangsu Changbao Steeltube Co Ltd's current assets represent 65.6% of total assets in 2024, a decrease from 68.1% in 2007.
- Cash Position: Cash and equivalents constituted 31.8% of total assets in 2024, up from 26.6% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, a decrease from 4.0% in 2007.
- Asset Diversification: The largest asset category is accounts receivable at 15.6% of total assets.
Jiangsu Changbao Steeltube Co Ltd Competitors by Total Assets
Key competitors of Jiangsu Changbao Steeltube Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Worthington Steel Inc
NYSE:WS
|
USA | $2.15 Billion |
|
Fushun Special Steel Co Ltd
SHG:600399
|
China | CN¥12.73 Billion |
|
Tung Ho Steel Enterprise Corp
TW:2006
|
Taiwan | NT$51.74 Billion |
|
Labrador Iron Ore Royalty Corp
TO:LIF
|
Canada | CA$812.28 Million |
|
Sgis Songshan Co Ltd
SHE:000717
|
China | CN¥20.01 Billion |
|
Jiangsu Fasten Co Ltd
SHE:000890
|
China | CN¥985.65 Million |
|
Seah Steel Corp
KO:003030
|
Korea | ₩5.83 Trillion |
|
Vulcan Steel Ltd
AU:VSL
|
Australia | AU$1.08 Billion |
Jiangsu Changbao Steeltube 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 | 2.08 | 2.41 | 1.74 |
| Quick Ratio | 1.63 | 1.85 | 1.29 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥3.08 Billion | CN¥2.99 Billion | CN¥1.44 Billion |
Jiangsu Changbao Steeltube Co Ltd - Advanced Valuation Insights
This section examines the relationship between Jiangsu Changbao Steeltube 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 | 1.69 |
| Latest Market Cap to Assets Ratio | 0.14 |
| Asset Growth Rate (YoY) | 6.1% |
| Total Assets | CN¥8.29 Billion |
| Market Capitalization | $1.17 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Jiangsu Changbao Steeltube Co Ltd's assets below their book value (0.14x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Jiangsu Changbao Steeltube Co Ltd's assets grew by 6.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Jiangsu Changbao Steeltube Co Ltd (2007–2024)
The table below shows the annual total assets of Jiangsu Changbao Steeltube Co Ltd from 2007 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.29 Billion ≈ $1.21 Billion |
+6.07% |
| 2023-12-31 | CN¥7.82 Billion ≈ $1.14 Billion |
+6.60% |
| 2022-12-31 | CN¥7.34 Billion ≈ $1.07 Billion |
+5.23% |
| 2021-12-31 | CN¥6.97 Billion ≈ $1.02 Billion |
+1.20% |
| 2020-12-31 | CN¥6.89 Billion ≈ $1.01 Billion |
+0.64% |
| 2019-12-31 | CN¥6.84 Billion ≈ $1.00 Billion |
+6.56% |
| 2018-12-31 | CN¥6.42 Billion ≈ $939.83 Million |
+13.09% |
| 2017-12-31 | CN¥5.68 Billion ≈ $831.07 Million |
+44.42% |
| 2016-12-31 | CN¥3.93 Billion ≈ $575.46 Million |
-0.40% |
| 2015-12-31 | CN¥3.95 Billion ≈ $577.77 Million |
-0.80% |
| 2014-12-31 | CN¥3.98 Billion ≈ $582.45 Million |
+7.63% |
| 2013-12-31 | CN¥3.70 Billion ≈ $541.15 Million |
+9.76% |
| 2012-12-31 | CN¥3.37 Billion ≈ $493.03 Million |
+12.20% |
| 2011-12-31 | CN¥3.00 Billion ≈ $439.44 Million |
-16.28% |
| 2010-12-31 | CN¥3.59 Billion ≈ $524.90 Million |
+58.84% |
| 2009-12-31 | CN¥2.26 Billion ≈ $330.46 Million |
-17.77% |
| 2008-12-31 | CN¥2.75 Billion ≈ $401.88 Million |
+117.93% |
| 2007-12-31 | CN¥1.26 Billion ≈ $184.41 Million |
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About Jiangsu Changbao Steeltube Co Ltd
Jiangsu Changbao Steeltube Co.,Ltd manufactures and sells steel tubes in the People's Republic of China and internationally. The company offers OCTG products for petroleum industry, including connection tubing and casings, coupling stocks, perforation gun carrier pipes, petroleum tool pipes, drill and green pipes, and slotted pipes; boiler tubes for power generation, such as boiler tubes, water h… Read more