Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Total Assets : HK$7,024 Mil (As of Dec. 2023)

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What is Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Total Assets?

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$7,024 Mil.

During the past 12 months, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's average Total Assets Growth Rate was -4.30% per year. During the past 3 years, the average Total Assets Growth Rate was -11.60% per year. During the past 5 years, the average Total Assets Growth Rate was -8.70% per year. During the past 10 years, the average Total Assets Growth Rate was -6.00% per year.

During the past 13 years, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's highest 3-Year average Total Assets Growth Rate was 50.20%. The lowest was -11.60%. And the median was -4.00%.

Total Assets is connected with ROA %. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 0.77%. Total Assets is also linked to Revenue through Asset Turnover. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.22.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Total Assets Historical Data

The historical data trend for Chu Kong Petroleum and Natural Gas Steel Pipe 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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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Total Assets Chart

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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9,447.04

10,125.41

9,701.60

7,320.00

7,023.62

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															9,701.60	8,715.59	7,320.00	7,562.17	7,023.62

Chu Kong Petroleum and Natural Gas Steel Pipe 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.

Chu Kong Petroleum and Natural Gas Steel Pipe 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 )
	=	1176.988	+	5846.627
	=	7,024

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1176.988	+	5846.627
	=	7,024

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Total Assets Explanation

Total Assets is connected with ROA %.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	56.324	/	( (7562.167	+	7023.615)	/ 2 )
	=	56.324	/	7292.891
	=	0.77 %

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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1592.783	/	( (7562.167	+	7023.615)	/ 2 )
=	1592.783	/	7292.891
=	0.22

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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Total Assets Related Terms

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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd (HKSE:01938) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 3-5 Golden Dragon City, Yayun Avenue, Panyu District, Guangdong Province, Guangzhou, CHN, 511450

Website

http://www.pck.com.cn

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd operates in the steel pipe business. The group is involved in its key revenue-generating business which is to manufacture and sell welded steel pipes and the provision of related manufacturing services. The group's steel pipes are mainly used for energy transmission including oil and gas transmission pipelines, deep-sea pipelines, city gas networks, petrochemicals, mining, infrastructure construction, offshore engineering, steel structures, and water utilities industries. Further, it is also involved in the development of properties for sale; and property investment activities. The group has a business presence in Mainland China and other countries, of which maximum revenue is derived from Mainland China.

Executives

Bournam Profits Limited
Chen Chang

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