Volcano Spring International Holdings (HKSE:01715) Total Assets : HK$210.81 Mil (As of Jun. 2023)

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What is Volcano Spring International Holdings Total Assets?

Volcano Spring International Holdings's Total Assets for the quarter that ended in Jun. 2023 was HK$210.81 Mil.

During the past 12 months, Volcano Spring International Holdings's average Total Assets Growth Rate was -29.30% per year. During the past 3 years, the average Total Assets Growth Rate was -15.00% per year. During the past 5 years, the average Total Assets Growth Rate was -7.20% per year.

During the past 9 years, Volcano Spring International Holdings's highest 3-Year average Total Assets Growth Rate was 28.90%. The lowest was -15.00%. And the median was 7.70%.

Total Assets is connected with ROA %. Volcano Spring International Holdings's annualized ROA % for the quarter that ended in Jun. 2023 was -21.11%. Total Assets is also linked to Revenue through Asset Turnover. Volcano Spring International Holdings's Asset Turnover for the quarter that ended in Jun. 2023 was 0.26.

Volcano Spring International Holdings Total Assets Historical Data

The historical data trend for Volcano Spring International 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.

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Volcano Spring International Holdings Total Assets Chart

Volcano Spring International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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338.60

292.02

233.53

216.42

181.28

Volcano Spring International Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial											233.53	191.99	216.42	210.81	181.28

Volcano Spring International 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.

Volcano Spring International Holdings'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 )
	=	63.666	+	117.617
	=	181.28

Volcano Spring International Holdings's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	77.917	+	132.889
	=	210.81

Volcano Spring International Holdings (HKSE:01715) Total Assets Explanation

Total Assets is connected with ROA %.

Volcano Spring International Holdings's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-45.086	/	( (216.424	+	210.805)	/ 2 )
	=	-45.086	/	213.6145
	=	-21.11 %

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.

Volcano Spring International Holdings's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	56.559	/	( (216.424	+	210.805)	/ 2 )
=	56.559	/	213.6145
=	0.26

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.

Volcano Spring International Holdings Total Assets Related Terms

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Volcano Spring International Holdings (HKSE:01715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Volcano Spring International Holdings Ltd (HKSE:01715) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3585 Sanlu Road, West Building No. 2, Pujiang Industrial Zone, Caohejing Hi-tech Park, Shanghai, CHN, 201114

Website

http://www.mijiholdings.com

Volcano Spring International Holdings Ltd Formerly Miji International Holdings Ltd is engaged in developing, manufacturing, and selling premium kitchen appliances. Its products are Hobs and Stoves including radiant stoves and induction stoves, pots, and pans. It sells its products under the brand name Miji Design, Miji Home, and Miju Pro. It generates a majority of its revenue from the sale of Hobs and stoves (Radiant). Geographically, it generates its revenue from the People's Republic of China.

Executives

Seashore Global Enterprises Limited	2101 Beneficial owner
Wu Huizhang	2201 Interest of corporation controlled by you
Ample Cheer Limited
Kingston Finance Limited
Chu Yuet Wah
Ke Fusheng	2101 Beneficial owner
Maeck Can Yue	2201 Interest of corporation controlled by you
Wide Big Investment Limited	2101 Beneficial owner

Volcano Spring International Holdings (HKSE:01715) Headlines

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