China Merchants Energy Shipping Co Ltd (601872) - Total Assets
Based on the latest financial reports, China Merchants Energy Shipping Co Ltd (601872) holds total assets worth CN¥77.88 Billion CNY (≈ $11.40 Billion USD) as of June 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. Check 601872 capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
China Merchants Energy Shipping Co Ltd - Total Assets Trend (2004–2024)
This chart illustrates how China Merchants Energy Shipping Co Ltd's total assets have evolved over time, based on quarterly financial data. Check 601872 cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
China Merchants Energy Shipping Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
China Merchants Energy Shipping Co Ltd's total assets of CN¥77.88 Billion consist of 14.7% current assets and 85.3% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 6.5% |
| Accounts Receivable | CN¥1.15 Billion | 1.6% |
| Inventory | CN¥1.42 Billion | 2.0% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥1.16 Billion | 1.6% |
| Goodwill | CN¥43.62 Million | 0.1% |
Asset Composition Trend (2004–2024)
This chart illustrates how China Merchants Energy Shipping 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 601872 market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: China Merchants Energy Shipping Co Ltd's current assets represent 14.7% of total assets in 2024, an increase from 0.0% in 2004.
- Cash Position: Cash and equivalents constituted 6.5% of total assets in 2024, down from 17.3% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, an increase from 0.0% in 2004.
- Asset Diversification: The largest asset category is inventory at 2.0% of total assets.
China Merchants Energy Shipping Co Ltd Competitors by Total Assets
Key competitors of China Merchants Energy Shipping Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Plains All American Pipeline LP
NASDAQ:PAA
|
USA | $31.64 Billion |
|
Golar LNG Limited
NASDAQ:GLNG
|
USA | $5.33 Billion |
|
Scorpio Tankers Inc.
F:S0QA
|
Germany | €4.08 Billion |
|
Viper Energy Ut
NASDAQ:VNOM
|
USA | $12.05 Billion |
|
FLEX LNG Ltd
OL:FLNG
|
Norway | Nkr2.63 Billion |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
Argentina | AR$1.30 Trillion |
|
Fluxys Belgium
BR:FLUX
|
Belgium | €3.28 Billion |
|
Enbridge Inc
TO:ENB
|
Canada | CA$318.47 Billion |
China Merchants Energy Shipping 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 | 0.56 | 0.76 | 1.46 |
| Quick Ratio | 0.51 | 0.68 | 1.37 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥-10.37 Billion | CN¥-3.90 Billion | CN¥5.45 Billion |
China Merchants Energy Shipping Co Ltd - Advanced Valuation Insights
This section examines the relationship between China Merchants Energy Shipping 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 | 1.74 |
| Latest Market Cap to Assets Ratio | 0.29 |
| Asset Growth Rate (YoY) | 13.2% |
| Total Assets | CN¥70.62 Billion |
| Market Capitalization | $20.25 Billion USD |
Valuation Analysis
Below Book Valuation: The market values China Merchants Energy Shipping Co Ltd's assets below their book value (0.29x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: China Merchants Energy Shipping Co Ltd's assets grew by 13.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for China Merchants Energy Shipping Co Ltd (2004–2024)
The table below shows the annual total assets of China Merchants Energy Shipping Co Ltd from 2004 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥70.62 Billion ≈ $10.33 Billion |
+13.18% |
| 2023-12-31 | CN¥62.39 Billion ≈ $9.13 Billion |
-4.70% |
| 2022-12-31 | CN¥65.47 Billion ≈ $9.58 Billion |
+8.87% |
| 2021-12-31 | CN¥60.14 Billion ≈ $8.80 Billion |
+2.56% |
| 2020-12-31 | CN¥58.63 Billion ≈ $8.58 Billion |
+6.96% |
| 2019-12-31 | CN¥54.82 Billion ≈ $8.02 Billion |
+9.73% |
| 2018-12-31 | CN¥49.96 Billion ≈ $7.31 Billion |
+32.19% |
| 2017-12-31 | CN¥37.79 Billion ≈ $5.53 Billion |
-2.14% |
| 2016-12-31 | CN¥38.62 Billion ≈ $5.65 Billion |
+23.61% |
| 2015-12-31 | CN¥31.24 Billion ≈ $4.57 Billion |
+11.02% |
| 2014-12-31 | CN¥28.14 Billion ≈ $4.12 Billion |
+66.50% |
| 2013-12-31 | CN¥16.90 Billion ≈ $2.47 Billion |
-14.27% |
| 2012-12-31 | CN¥19.71 Billion ≈ $2.88 Billion |
+19.52% |
| 2011-12-31 | CN¥16.49 Billion ≈ $2.41 Billion |
+1.60% |
| 2010-12-31 | CN¥16.23 Billion ≈ $2.38 Billion |
+10.72% |
| 2009-12-31 | CN¥14.66 Billion ≈ $2.15 Billion |
+2.19% |
| 2008-12-31 | CN¥14.35 Billion ≈ $2.10 Billion |
+10.04% |
| 2007-12-31 | CN¥13.04 Billion ≈ $1.91 Billion |
+7.05% |
| 2006-12-31 | CN¥12.18 Billion ≈ $1.78 Billion |
+48.18% |
| 2005-12-31 | CN¥8.22 Billion ≈ $1.20 Billion |
+18.66% |
| 2004-12-31 | CN¥6.93 Billion ≈ $1.01 Billion |
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About China Merchants Energy Shipping Co Ltd
China Merchants Energy Shipping Co., Ltd. provides a range of energy transportation services in China. The company offers its services through various vessels, including tanker shipping, dry bulk carriers, Ro-Ro ships, containers, and liquefied natural gas carriers. It also provides digital intelligence, crew management, and global services. China Merchants Energy Shipping Co., Ltd. was founded i… Read more