Sino Oil and Gas Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$3,731.8 Mil.
During the past 12 months, Sino Oil and Gas Holdings's average Total Assets Growth Rate was -19.90% per year.
During the past 3 years, the average Total Assets Growth Rate was -12.60% per year.
During the past 5 years, the average Total Assets Growth Rate was -4.70% per year.
During the past 10 years, the average Total Assets Growth Rate was -0.30% per year.
During the past 13 years, Sino Oil and Gas Holdings's highest 3-Year average Total Assets Growth Rate was 202.00%. The lowest was -40.70%. And the median was 2.10%.
* 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.
Sino Oil and Gas 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.
Sino Oil and Gas Holdings's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Sino Oil and Gas Holdings (HKSE:00702) Total Assets Explanation
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.
Sino Oil and Gas Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
Sino Oil and Gas Holdings Total Assets Related Terms
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Sino Oil and Gas Holdings (HKSE:00702) Business Description
Sino Oil and Gas Holdings Ltd is an investment holding company. It operates in four segments, namely Coalbed methane, which includes exploration, development, and production of coalbed methane; Raw & cleaned coal, which consists of raw coal washing and sale of raw and cleaned coal; Oil and gas exploitation segment is into exploitation and sale of crude oil and natural gas; and Financial Services. The group generates majority of its revenues from Raw and cleaned coal segment. It geographically earns revenues from the People's Republic of China.
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