Ningbo Gaofa Automotive Ctrl (603788) - Total Assets
Based on the latest financial reports, Ningbo Gaofa Automotive Ctrl (603788) holds total assets worth CN¥2.63 Billion CNY (≈ $385.09 Million 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 603788 net assets for net asset value and shareholders' equity analysis.
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.
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. For live market cap, price, and company overview, see Ningbo Gaofa Automotive Ctrl stock valuation.
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 |
|---|---|---|
|
Shandong Linglong Tyre Co Ltd
SHG:601966
|
China | CN¥47.67 Billion |
|
Versigent PLC
NYSE:VGNT
|
USA | $5.00 Billion |
|
Zhejiang Songyuan Automotive Safety
SHE:300893
|
China | CN¥3.68 Billion |
|
Tian Jin Motor Dies Co Ltd
SHE:002510
|
China | CN¥6.36 Billion |
|
Burelle SA
PA:BUR
|
France | €8.35 Billion |
|
Qingdao Doublestar Co Ltd
SHE:000599
|
China | CN¥9.23 Billion |
|
Giti Tire Corp
SHG:600182
|
China | CN¥4.48 Billion |
|
Changzhou Langbo Seal Polytron Technologies Co Ltd Class A
SHG:603655
|
China | CN¥598.16 Million |
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 | 0.21 |
| Asset Growth Rate (YoY) | 5.4% |
| Total Assets | CN¥2.66 Billion |
| Market Capitalization | $554.90 Million USD |
Valuation Analysis
Below Book Valuation: The market values Ningbo Gaofa Automotive Ctrl's assets below their book value (0.21x), 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 ≈ $388.99 Million |
+5.43% |
| 2023-12-31 | CN¥2.52 Billion ≈ $368.94 Million |
+8.93% |
| 2022-12-31 | CN¥2.31 Billion ≈ $338.69 Million |
+2.97% |
| 2021-12-31 | CN¥2.25 Billion ≈ $328.94 Million |
-0.62% |
| 2020-12-31 | CN¥2.26 Billion ≈ $331.00 Million |
+4.13% |
| 2019-12-31 | CN¥2.17 Billion ≈ $317.87 Million |
-3.63% |
| 2018-12-31 | CN¥2.25 Billion ≈ $329.83 Million |
-0.88% |
| 2017-12-31 | CN¥2.27 Billion ≈ $332.76 Million |
+91.53% |
| 2016-12-31 | CN¥1.19 Billion ≈ $173.74 Million |
+17.11% |
| 2015-12-31 | CN¥1.01 Billion ≈ $148.35 Million |
+82.30% |
| 2014-12-31 | CN¥556.10 Million ≈ $81.38 Million |
+23.45% |
| 2013-12-31 | CN¥450.48 Million ≈ $65.92 Million |
+35.99% |
| 2012-12-31 | CN¥331.26 Million ≈ $48.47 Million |
+24.03% |
| 2011-12-31 | CN¥267.09 Million ≈ $39.08 Million |
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About 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