Ningbo Gaofa Automotive Ctrl
Ningbo Gaofa Automotive Control System Co., Ltd. designs, develops, manufactures, and sells automotive control products for the automotive industry in China. It offers electronic changers and actuators, AT/CVT/DCT/AMT shifters, electronic accelerator pedals/brake pedals, cable and variable speed control flexible shafts, variable speed control mechanisms, vehicle-level electrical compressors for a… Read more
Ningbo Gaofa Automotive Ctrl (603788) - Total Assets
Latest total assets as of September 2025: CN¥2.63 Billion CNY
Based on the latest financial reports, Ningbo Gaofa Automotive Ctrl (603788) holds total assets worth CN¥2.63 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 Gaofa Automotive Ctrl - Total Assets Trend (2011–2024)
This chart illustrates how Ningbo Gaofa Automotive Ctrl’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ningbo Gaofa Automotive Ctrl - Asset Composition Analysis
Current Asset Composition (December 2024)
Ningbo Gaofa Automotive Ctrl's total assets of CN¥2.63 Billion consist of 64.0% current assets and 36.0% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 3.6% |
| Accounts Receivable | CN¥707.89 Million | 26.6% |
| Inventory | CN¥209.25 Million | 7.9% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥113.16 Million | 4.3% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2011–2024)
This chart illustrates how Ningbo Gaofa Automotive Ctrl'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 Gaofa Automotive Ctrl's current assets represent 64.0% of total assets in 2024, a decrease from 68.8% in 2011.
- Cash Position: Cash and equivalents constituted 3.6% of total assets in 2024, down from 17.7% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, a decrease from 8.0% in 2011.
- Asset Diversification: The largest asset category is accounts receivable at 26.6% of total assets.
Ningbo Gaofa Automotive Ctrl Competitors by Total Assets
Key competitors of Ningbo Gaofa Automotive Ctrl based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
iQ International AG
F:IQL
|
Germany | €35.73 Million |
|
Metaterra Corp.
PINK:MTRC
|
USA | $54.63K |
|
Daewonkangup
KO:000430
|
Korea | ₩1.39 Trillion |
|
Wanxiang Qianchao Co Ltd
SHE:000559
|
China | CN¥24.64 Billion |
|
Weifu High-Technology Group Co Ltd
SHE:000581
|
China | CN¥29.08 Billion |
|
Gui Zhou Tyre Co Ltd
SHE:000589
|
China | CN¥18.30 Billion |
|
Qingdao Doublestar Co Ltd
SHE:000599
|
China | CN¥9.23 Billion |
|
Hengli Industrial Development Group Co Ltd
SHE:000622
|
China | CN¥481.53 Million |
Ningbo Gaofa Automotive Ctrl - 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 Gaofa Automotive Ctrl generates 0.55x 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, Ningbo Gaofa Automotive Ctrl generates $7.17 in net profit.
Ningbo Gaofa Automotive Ctrl - 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 | 2.99 | 4.04 | 5.78 |
| Quick Ratio | 2.65 | 3.57 | 5.31 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥1.13 Billion | CN¥ 1.30 Billion | CN¥ 1.61 Billion |
Ningbo Gaofa Automotive Ctrl - Advanced Valuation Insights
This section examines the relationship between Ningbo Gaofa Automotive Ctrl'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 | 1.80 |
| Latest Market Cap to Assets Ratio | 0.09 |
| Asset Growth Rate (YoY) | 5.4% |
| Total Assets | CN¥2.66 Billion |
| Market Capitalization | $237.64 Million USD |
Valuation Analysis
Below Book Valuation: The market values Ningbo Gaofa Automotive Ctrl's assets below their book value (0.09 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Ningbo Gaofa Automotive Ctrl's assets grew by 5.4% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Ningbo Gaofa Automotive Ctrl (2011–2024)
The table below shows the annual total assets of Ningbo Gaofa Automotive Ctrl from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.66 Billion | +5.43% |
| 2023-12-31 | CN¥2.52 Billion | +8.93% |
| 2022-12-31 | CN¥2.31 Billion | +2.97% |
| 2021-12-31 | CN¥2.25 Billion | -0.62% |
| 2020-12-31 | CN¥2.26 Billion | +4.13% |
| 2019-12-31 | CN¥2.17 Billion | -3.63% |
| 2018-12-31 | CN¥2.25 Billion | -0.88% |
| 2017-12-31 | CN¥2.27 Billion | +91.53% |
| 2016-12-31 | CN¥1.19 Billion | +17.11% |
| 2015-12-31 | CN¥1.01 Billion | +82.30% |
| 2014-12-31 | CN¥556.10 Million | +23.45% |
| 2013-12-31 | CN¥450.48 Million | +35.99% |
| 2012-12-31 | CN¥331.26 Million | +24.03% |
| 2011-12-31 | CN¥267.09 Million | -- |