Friend Co Ltd (605050) - Total Assets
Based on the latest financial reports, Friend Co Ltd (605050) holds total assets worth CN¥8.59 Billion CNY (≈ $1.26 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. See Friend Co Ltd (605050) shareholders funds for net asset value and shareholders' equity analysis.
Friend Co Ltd - Total Assets Trend (2016–2024)
This chart illustrates how Friend Co Ltd's total assets have evolved over time, based on quarterly financial data.
Friend Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Friend Co Ltd's total assets of CN¥8.59 Billion consist of 81.4% current assets and 18.6% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 14.7% |
| Accounts Receivable | CN¥2.10 Billion | 24.1% |
| Inventory | CN¥1.48 Billion | 17.0% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥240.68 Million | 2.8% |
| Goodwill | CN¥8.84 Million | 0.1% |
Asset Composition Trend (2016–2024)
This chart illustrates how Friend 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 Friend Co Ltd market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Friend Co Ltd's current assets represent 81.4% of total assets in 2024, a decrease from 87.5% in 2016.
- Cash Position: Cash and equivalents constituted 14.7% of total assets in 2024, down from 20.1% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, unchanged from 2.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 24.1% of total assets.
Friend Co Ltd Competitors by Total Assets
Key competitors of Friend Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
CSN Mineração S.A
SA:CMIN3
|
Brazil | R$36.31 Billion |
|
Ternium SA DRC
BA:TXR
|
Argentina | AR$23.47 Billion |
|
Qingdao East Steel Tower Stock Co Ltd
SHE:002545
|
China | CN¥13.99 Billion |
|
Fushun Special Steel Co Ltd
SHG:600399
|
China | CN¥12.73 Billion |
|
BCI Minerals Ltd
AU:BCI
|
Australia | AU$1.20 Billion |
|
Champion Iron Ltd
TO:CIA
|
Canada | CA$3.43 Billion |
|
Mount Gibson Iron Ltd
AU:MGX
|
Australia | AU$512.41 Million |
|
Vardhman Special Steels Limited
NSE:VSSL
|
India | Rs15.59 Billion |
Friend 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 | 1.76 | 1.75 | 2.11 |
| Quick Ratio | 1.28 | 1.29 | 1.69 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥2.96 Billion | CN¥2.90 Billion | CN¥2.34 Billion |
Friend Co Ltd - Advanced Valuation Insights
This section examines the relationship between Friend 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 | 1.53 |
| Latest Market Cap to Assets Ratio | 0.10 |
| Asset Growth Rate (YoY) | 25.3% |
| Total Assets | CN¥8.70 Billion |
| Market Capitalization | $911.55 Million USD |
Valuation Analysis
Below Book Valuation: The market values Friend Co Ltd's assets below their book value (0.10x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Friend Co Ltd's assets grew by 25.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Friend Co Ltd (2016–2024)
The table below shows the annual total assets of Friend Co Ltd from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.70 Billion ≈ $1.27 Billion |
+25.31% |
| 2023-12-31 | CN¥6.95 Billion ≈ $1.02 Billion |
+0.75% |
| 2022-12-31 | CN¥6.90 Billion ≈ $1.01 Billion |
+6.18% |
| 2021-12-31 | CN¥6.49 Billion ≈ $950.25 Million |
+19.21% |
| 2020-12-31 | CN¥5.45 Billion ≈ $797.09 Million |
+42.66% |
| 2019-12-31 | CN¥3.82 Billion ≈ $558.73 Million |
+24.88% |
| 2018-12-31 | CN¥3.06 Billion ≈ $447.42 Million |
+14.64% |
| 2017-12-31 | CN¥2.67 Billion ≈ $390.28 Million |
-1.63% |
| 2016-12-31 | CN¥2.71 Billion ≈ $396.74 Million |
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About Friend Co Ltd
Friend Co.,Ltd., together with its subsidiaries, provides steel logistics supply chain services for medium and high-end automobile, home appliance, and other related enterprises in China and internationally. The company offers procurement, processing, warehousing, cutting, packaging, transportation, and distribution services, as well as corresponding technical support services. It also provides g… Read more