Sincere Co (HKSE:00244) Total Assets : HK$592.6 Mil (As of Dec. 2023)

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What is Sincere Co Total Assets?

Sincere Co's Total Assets for the quarter that ended in Dec. 2023 was HK$592.6 Mil.

During the past 12 months, Sincere Co's average Total Assets Growth Rate was -14.60% per year. During the past 3 years, the average Total Assets Growth Rate was -6.10% per year. During the past 5 years, the average Total Assets Growth Rate was 16.30% per year. During the past 10 years, the average Total Assets Growth Rate was 2.60% per year.

During the past 13 years, Sincere Co's highest 3-Year average Total Assets Growth Rate was 31.60%. The lowest was -26.80%. And the median was -6.10%.

Total Assets is connected with ROA %. Sincere Co's annualized ROA % for the quarter that ended in Dec. 2023 was -11.70%. Total Assets is also linked to Revenue through Asset Turnover. Sincere Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.13.

Sincere Co Total Assets Historical Data

The historical data trend for Sincere Co'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.

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Sincere Co Total Assets Chart

Sincere Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Dec22

Dec23

Total Assets

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399.19

625.92

571.90

682.69

592.62

Sincere Co Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															567.67	745.03	682.69	534.76	592.62

Sincere Co 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.

Sincere Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	125.544	+	467.072
	=	592.6

Sincere Co's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	125.544	+	467.072
	=	592.6

Sincere Co (HKSE:00244) Total Assets Explanation

Total Assets is connected with ROA %.

Sincere Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-65.968	/	( (534.755	+	592.616)	/ 2 )
	=	-65.968	/	563.6855
	=	-11.70 %

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

Sincere Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	71.791	/	( (534.755	+	592.616)	/ 2 )
=	71.791	/	563.6855
=	0.13

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.

Sincere Co Total Assets Related Terms

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Sincere Co (HKSE:00244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Co Ltd (HKSE:00244) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Connaught Place, 24th Floor, Jardine House, Central, Hong Kong, HKG

Website

https://www.sincere.com.hk

Sincere Co Ltd is mainly engaged in the retailing business. The company has aggregated its operations into three reportable segments, Department Store Operations; Securities Trading and Others. The Department Store Operations segment consists of the operations of department stores offering a wide range of consumer products; the Securities Trading segment consists of the trading of Hong Kong and overseas securities; and the Others segment consists of the sublease of properties and the provision of general and life insurances. Its primary geographic markets are Hong Kong, Mainland China, the United Kingdom and others. Geographically the company receives maximum revenue from Hong Kong.

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