Ningbo Water Meter Co Ltd
Ningbo Water Meter (Group) Co.,Ltd. manufactures and sells water meters in China and internationally. The company offers multi and single-jet, volumetric rotary piston, woltmann, irrigation, compound, batch control, and ultrasonic water meters; heat meter, electromagnetic flowmeter, and oscillating meter; and test bench products and water meter boxes, as well as spare parts for water meters. It a… Read more
Ningbo Water Meter Co Ltd (603700) - Total Assets
Latest total assets as of September 2025: CN¥2.40 Billion CNY
Based on the latest financial reports, Ningbo Water Meter Co Ltd (603700) holds total assets worth CN¥2.40 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.
Ningbo Water Meter Co Ltd - Total Assets Trend (2013–2024)
This chart illustrates how Ningbo Water Meter Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ningbo Water Meter Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Ningbo Water Meter Co Ltd's total assets of CN¥2.40 Billion consist of 69.2% current assets and 30.8% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 15.3% |
| Accounts Receivable | CN¥846.52 Million | 37.2% |
| Inventory | CN¥375.89 Million | 16.5% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥42.22 Million | 1.9% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2013–2024)
This chart illustrates how Ningbo Water Meter 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: Ningbo Water Meter Co Ltd's current assets represent 69.2% of total assets in 2024, an increase from 66.4% in 2013.
- Cash Position: Cash and equivalents constituted 15.3% of total assets in 2024, up from 7.1% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, a decrease from 2.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 37.2% of total assets.
Ningbo Water Meter Co Ltd Competitors by Total Assets
Key competitors of Ningbo Water Meter Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
YM Tech Co. Ltd.
KQ:273640
|
Korea | ₩61.47 Billion |
|
T-Conn Precision Corporation
TWO:6833
|
Taiwan | NT$1.20 Billion |
|
Supercomnet Technologies Bhd
KLSE:0001
|
Malaysia | RM454.76 Million |
|
XJ Electric Co Ltd
SHE:000400
|
China | CN¥26.30 Billion |
|
Guangdong Macro Co Ltd
SHE:000533
|
China | CN¥2.88 Billion |
|
Shandong Sacred Sun Power Sources Co Ltd
SHE:002580
|
China | CN¥4.04 Billion |
|
Shandong Xinneng Taishan Power Generation Co Ltd
SHE:000720
|
China | CN¥5.21 Billion |
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
Ningbo Water Meter 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 - Ningbo Water Meter Co Ltd generates 0.66x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Ningbo Water Meter Co Ltd generates $ 2.30 in net profit.
Ningbo Water Meter 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 | 2.27 | 2.47 | 3.05 |
| Quick Ratio | 1.61 | 1.80 | 2.52 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥947.22 Million | CN¥ 911.26 Million | CN¥ 1.22 Billion |
Ningbo Water Meter Co Ltd - Advanced Valuation Insights
This section examines the relationship between Ningbo Water Meter 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 | 0.09 |
| Asset Growth Rate (YoY) | 0.1% |
| Total Assets | CN¥2.28 Billion |
| Market Capitalization | $215.41 Million USD |
Valuation Analysis
Below Book Valuation: The market values Ningbo Water Meter Co Ltd's assets below their book value (0.09 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Ningbo Water Meter Co Ltd's assets grew by 0.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Ningbo Water Meter Co Ltd (2013–2024)
The table below shows the annual total assets of Ningbo Water Meter Co Ltd from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.28 Billion | +0.12% |
| 2023-12-31 | CN¥2.28 Billion | -3.18% |
| 2022-12-31 | CN¥2.35 Billion | +5.83% |
| 2021-12-31 | CN¥2.22 Billion | +7.82% |
| 2020-12-31 | CN¥2.06 Billion | +21.14% |
| 2019-12-31 | CN¥1.70 Billion | +106.23% |
| 2018-12-31 | CN¥824.58 Million | +19.71% |
| 2017-12-31 | CN¥688.83 Million | +11.90% |
| 2016-12-31 | CN¥615.58 Million | +27.24% |
| 2015-12-31 | CN¥483.80 Million | +8.75% |
| 2014-12-31 | CN¥444.86 Million | +5.61% |
| 2013-12-31 | CN¥421.23 Million | -- |