Ningbo Tip Rubber Technology Co Ltd
Ningbo TIP Rubber Technology Co.,Ltd engages in the research and development, production, and sale of polymer material fluid piping systems, and sealing system parts and assemblies for automobiles in China and internationally. It offers engine accessory system hoses and assemblies; automobile air conditioning systems; power steering systems; body accessory system hoses and assemblies; fuel system… Read more
Ningbo Tip Rubber Technology Co Ltd (605255) - Total Assets
Latest total assets as of September 2025: CN¥865.44 Million CNY
Based on the latest financial reports, Ningbo Tip Rubber Technology Co Ltd (605255) holds total assets worth CN¥865.44 Million 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 Tip Rubber Technology Co Ltd - Total Assets Trend (2016–2024)
This chart illustrates how Ningbo Tip Rubber Technology Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ningbo Tip Rubber Technology Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Ningbo Tip Rubber Technology Co Ltd's total assets of CN¥865.44 Million consist of 35.4% current assets and 64.6% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 10.2% |
| Accounts Receivable | CN¥90.04 Million | 10.3% |
| Inventory | CN¥59.53 Million | 6.8% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥93.75 Million | 10.7% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2016–2024)
This chart illustrates how Ningbo Tip Rubber Technology 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 Tip Rubber Technology Co Ltd's current assets represent 35.4% of total assets in 2024, a decrease from 49.6% in 2016.
- Cash Position: Cash and equivalents constituted 10.2% of total assets in 2024, up from 1.4% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 10.0% of total assets, an increase from 8.0% in 2016.
- Asset Diversification: The largest asset category is intangible assets at 10.7% of total assets.
Ningbo Tip Rubber Technology Co Ltd Competitors by Total Assets
Key competitors of Ningbo Tip Rubber Technology Co Ltd 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 Tip Rubber Technology 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
Lower asset utilization - Ningbo Tip Rubber Technology Co Ltd generates 0.39x 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 Tip Rubber Technology Co Ltd generates $ 3.79 in net profit.
Ningbo Tip Rubber Technology 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 | 6.25 | 7.08 | 5.97 |
| Quick Ratio | 5.20 | 5.78 | 5.37 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥276.97 Million | CN¥ 256.86 Million | CN¥ 474.96 Million |
Ningbo Tip Rubber Technology Co Ltd - Advanced Valuation Insights
This section examines the relationship between Ningbo Tip Rubber Technology 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 | 32.28 |
| Latest Market Cap to Assets Ratio | 0.86 |
| Asset Growth Rate (YoY) | -3.4% |
| Total Assets | CN¥873.39 Million |
| Market Capitalization | $747.95 Million USD |
Valuation Analysis
Near Book Valuation: The market values Ningbo Tip Rubber Technology Co Ltd's assets close to their book value ( 0.86x), suggesting investors view the company's assets at approximately fair value.
Slight Asset Contraction: Ningbo Tip Rubber Technology Co Ltd's assets decreased by 3.4% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Ningbo Tip Rubber Technology Co Ltd (2016–2024)
The table below shows the annual total assets of Ningbo Tip Rubber Technology Co Ltd from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥873.39 Million | -3.36% |
| 2023-12-31 | CN¥903.76 Million | -0.80% |
| 2022-12-31 | CN¥911.02 Million | -10.64% |
| 2021-12-31 | CN¥1.02 Billion | -1.48% |
| 2020-12-31 | CN¥1.03 Billion | +75.23% |
| 2019-12-31 | CN¥590.54 Million | +23.88% |
| 2018-12-31 | CN¥476.69 Million | -11.06% |
| 2017-12-31 | CN¥535.97 Million | +7.23% |
| 2016-12-31 | CN¥499.85 Million | -- |