Sinosoft Technology Group's Total Assets for the quarter that ended in Jun. 2023 was HK$2,262.8 Mil.
During the past 12 months, Sinosoft Technology Group's average Total Assets Growth Rate was -17.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 2.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 19.90% per year.
During the past 11 years, Sinosoft Technology Group's highest 3-Year average Total Assets Growth Rate was 35.60%. The lowest was 2.00%. And the median was 20.65%.
* 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.
Sinosoft Technology Group 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.
Sinosoft Technology Group's Total Assets for the fiscal year that ended in Dec. 2022 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.
Sinosoft Technology Group (HKSE:01297) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Jun. 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.
Sinosoft Technology Group's Asset Turnover for the quarter that ended in Jun. 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.
Sinosoft Technology Group Total Assets Related Terms
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Sinosoft Technology Group (HKSE:01297) Business Description
Sinosoft Technology Group Ltd is a Hong Kong-based provider of application software products and solutions. The firm's operations are organized in two segments: Government big data software and related services, Low carbon & ecology software and related services.
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