Chengdu Expressway Co's Total Assets for the quarter that ended in Dec. 2023 was HK$10,123 Mil.
During the past 12 months, Chengdu Expressway Co's average Total Assets Growth Rate was -5.90% per year.
During the past 3 years, the average Total Assets Growth Rate was -4.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 6.50% per year.
During the past 9 years, Chengdu Expressway Co's highest 3-Year average Total Assets Growth Rate was 36.90%. The lowest was -6.80%. And the median was 10.60%.
Chengdu Expressway Co Total Assets Historical Data
The historical data trend for Chengdu Expressway 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.
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.
Chengdu Expressway Co'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.
Chengdu Expressway Co (HKSE:01785) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (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.
Chengdu Expressway Co'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.
Chengdu Expressway Co Total Assets Related Terms
Thank you for viewing the detailed overview of Chengdu Expressway Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Chengdu Expressway Co (HKSE:01785) Business Description
Chengdu Expressway Co Ltd is principally engaged in the operation, management and development of expressways located in and around Chengdu, Sichuan Province. Meanwhile, the Group also carries out retail of refined oil and operation of CNG. It operates in two reportable segments the Expressway segment segment comprises the construction, operation and maintenance of toll expressways located in Sichuan province; and the Energy Investment segment comprises the operation of petrol stations and a gas station and sales of refined oil and compressed natural gas. It derives majority of the revenue from Expressway segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01785 has been successfully added to your 