Elife Holdings (HKSE:00223) Total Assets : HK$97.3 Mil (As of Sep. 2023)

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What is Elife Holdings Total Assets?

Elife Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$97.3 Mil.

During the past 12 months, Elife Holdings's average Total Assets Growth Rate was 8.00% per year. During the past 3 years, the average Total Assets Growth Rate was -13.80% per year. During the past 5 years, the average Total Assets Growth Rate was -23.60% per year. During the past 10 years, the average Total Assets Growth Rate was -12.00% per year.

During the past 13 years, Elife Holdings's highest 3-Year average Total Assets Growth Rate was 141.00%. The lowest was -69.80%. And the median was -8.50%.

Total Assets is connected with ROA %. Elife Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was -10.26%. Total Assets is also linked to Revenue through Asset Turnover. Elife Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.83.

Elife Holdings Total Assets Historical Data

The historical data trend for Elife Holdings's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Elife Holdings Total Assets Chart

Elife Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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227.48

134.79

123.55

101.34

78.15

Elife Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															148.78	101.34	92.84	78.15	97.34

Elife Holdings Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Elife Holdings's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	25.612	+	52.538
	=	78.2

Elife Holdings's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	31.897	+	65.439
	=	97.3

Elife Holdings (HKSE:00223) Total Assets Explanation

Total Assets is connected with ROA %.

Elife Holdings's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-9.002	/	( (78.15	+	97.336)	/ 2 )
	=	-9.002	/	87.743
	=	-10.26 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Elife Holdings's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	73.125	/	( (78.15	+	97.336)	/ 2 )
=	73.125	/	87.743
=	0.83

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Elife Holdings Total Assets Related Terms

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Elife Holdings (HKSE:00223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Elife Holdings Ltd (HKSE:00223) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Cyberport Road, Cyberport 3, Unit 806, Level 8, Core D, Hong Kong, HKG

Website

http://www.elife.com.hk

Elife Holdings Ltd is an investment holding company. Its operating segment includes Commodities trading business; Daily cleaning, anti-epidemic and other consumable products business, and Esmart digital services. It generates maximum revenue from the Commodities trading business segment. The commodities trading business includes the provision of agency services and commodities trading in the PRC, Hong Kong, and overseas. Geographically, it derives a majority of its revenue from PRC.

Executives

Zhao Zhenzhong	2101 Beneficial owner
Liu Qiuhua	2101 Beneficial owner
Gao Feng	2101 Beneficial owner
Zhu Qian	2101 Beneficial owner
Zhu Qian	2101 Beneficial owner

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