E-Commodities Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$17,814 Mil.
Warning Sign:
If a company builds assets at 14.4% a year, faster than its revenue growth rate of 12.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, E-Commodities Holdings's average Total Assets Growth Rate was 31.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 21.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 14.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 5.60% per year.
During the past 13 years, E-Commodities Holdings's highest 3-Year average Total Assets Growth Rate was 70.10%. The lowest was -51.00%. And the median was 15.85%.
* 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.
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.
E-Commodities 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.
E-Commodities Holdings (HKSE:01733) 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.
E-Commodities 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.
E-Commodities Holdings Total Assets Related Terms
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E-Commodities Holdings (HKSE:01733) Business Description
E-Commodities Holdings Ltd is a company principally engaged in the processing and trading of coking coal and other products and rendering of logistics services. The group has two business divisions. The processing and trading of coking coal and other products segment manages and operates coal processing plants and generates income from processing and trading of coking coal and other products to external customers. Rendering of integrated supply chain services segment constructs, manages and operates processing factories and logistics parks and generates income from rendering of warehousing. Majority of the firm's revenue comes from the processing and trading of coking coal and other products segment.
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