First Tractor Co Ltd (601038) - Total Assets
Based on the latest financial reports, First Tractor Co Ltd (601038) holds total assets worth CN¥16.25 Billion CNY (≈ $2.38 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 First Tractor Co Ltd shareholders equity for net asset value and shareholders' equity analysis.
First Tractor Co Ltd - Total Assets Trend (2004–2024)
This chart illustrates how First Tractor Co Ltd's total assets have evolved over time, based on quarterly financial data.
First Tractor Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
First Tractor Co Ltd's total assets of CN¥16.25 Billion consist of 50.5% current assets and 49.5% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 16.0% |
| Accounts Receivable | CN¥574.17 Million | 3.9% |
| Inventory | CN¥1.37 Billion | 9.4% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥676.33 Million | 4.6% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2004–2024)
This chart illustrates how First Tractor 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 how much is First Tractor Co Ltd worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: First Tractor Co Ltd's current assets represent 50.5% of total assets in 2024, a decrease from 64.3% in 2004.
- Cash Position: Cash and equivalents constituted 16.0% of total assets in 2024, up from 10.9% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 0.0% in 2004.
- Asset Diversification: The largest asset category is inventory at 9.4% of total assets.
First Tractor Co Ltd Competitors by Total Assets
Key competitors of First Tractor Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
XCMG Construction Machinery Co Ltd
SHE:000425
|
China | CN¥179.64 Billion |
|
Konecranes Plc
HE:KCR
|
Finland | €4.55 Billion |
|
Jiangxi Naipu Mining Machinery
SHE:300818
|
China | CN¥3.10 Billion |
|
Zhengzhou Coal Mining Machinery Group Company Limited
F:ZGC
|
Germany | €49.33 Billion |
|
Shandong Hongyu Agricultural Machinery Co Ltd
SHE:002890
|
China | CN¥741.50 Million |
|
CubicFarm Systems Corp
V:CUB
|
Canada | CA$13.21 Million |
|
Agrometal S.A.I.
BA:AGRO
|
Argentina | AR$77.59 Billion |
|
IMDEX Ltd
AU:IMD
|
Australia | AU$830.15 Million |
First Tractor 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 | 1.49 | 1.08 | 1.08 |
| Quick Ratio | 1.34 | 0.91 | 0.89 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥3.59 Billion | CN¥588.49 Million | CN¥568.31 Million |
First Tractor Co Ltd - Advanced Valuation Insights
This section examines the relationship between First Tractor 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 | 2.04 |
| Latest Market Cap to Assets Ratio | 0.10 |
| Asset Growth Rate (YoY) | 6.3% |
| Total Assets | CN¥14.69 Billion |
| Market Capitalization | $1.48 Billion USD |
Valuation Analysis
Below Book Valuation: The market values First Tractor Co Ltd's assets below their book value (0.10x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: First Tractor Co Ltd's assets grew by 6.3% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for First Tractor Co Ltd (2004–2024)
The table below shows the annual total assets of First Tractor Co Ltd from 2004 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥14.69 Billion ≈ $2.15 Billion |
+6.33% |
| 2023-12-31 | CN¥13.82 Billion ≈ $2.02 Billion |
+6.40% |
| 2022-12-31 | CN¥12.99 Billion ≈ $1.90 Billion |
+5.24% |
| 2021-12-31 | CN¥12.34 Billion ≈ $1.81 Billion |
-0.02% |
| 2020-12-31 | CN¥12.34 Billion ≈ $1.81 Billion |
+6.14% |
| 2019-12-31 | CN¥11.63 Billion ≈ $1.70 Billion |
-11.50% |
| 2018-12-31 | CN¥13.14 Billion ≈ $1.92 Billion |
-6.82% |
| 2017-12-31 | CN¥14.10 Billion ≈ $2.06 Billion |
+6.75% |
| 2016-12-31 | CN¥13.21 Billion ≈ $1.93 Billion |
-0.47% |
| 2015-12-31 | CN¥13.27 Billion ≈ $1.94 Billion |
+7.42% |
| 2014-12-31 | CN¥12.36 Billion ≈ $1.81 Billion |
+5.89% |
| 2013-12-31 | CN¥11.67 Billion ≈ $1.71 Billion |
+8.73% |
| 2012-12-31 | CN¥10.73 Billion ≈ $1.57 Billion |
+17.06% |
| 2011-12-31 | CN¥9.17 Billion ≈ $1.34 Billion |
+9.90% |
| 2010-12-31 | CN¥8.34 Billion ≈ $1.22 Billion |
+38.02% |
| 2009-12-31 | CN¥6.04 Billion ≈ $884.38 Million |
+5.23% |
| 2008-12-31 | CN¥5.74 Billion ≈ $840.45 Million |
+4.65% |
| 2007-12-31 | CN¥5.49 Billion ≈ $803.08 Million |
+9.95% |
| 2006-12-31 | CN¥4.99 Billion ≈ $730.37 Million |
+30.60% |
| 2005-12-31 | CN¥3.82 Billion ≈ $559.22 Million |
+4.71% |
| 2004-12-31 | CN¥3.65 Billion ≈ $534.06 Million |
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About First Tractor Co Ltd
First Tractor Company Limited, engages in the manufacturing and sale of agricultural machinery and power machinery. It offers medium and large-sized wheeled and crawler tractors; off-road diesel engines, such as tractors and harvesters, engineering machinery, ships, generator sets, and others; and component products, such as castings and forgings, gears, axles, transmissions, covers, injection pu… Read more