Honma Golf (HKSE:06858) Total Assets : HK$2,217 Mil (As of Sep. 2023)

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What is Honma Golf Total Assets?

Honma Golf's Total Assets for the quarter that ended in Sep. 2023 was HK$2,217 Mil.

During the past 12 months, Honma Golf's average Total Assets Growth Rate was -10.40% per year. During the past 3 years, the average Total Assets Growth Rate was -9.00% per year. During the past 5 years, the average Total Assets Growth Rate was -0.80% per year.

During the past 10 years, Honma Golf's highest 3-Year average Total Assets Growth Rate was 18.30%. The lowest was -9.00%. And the median was 7.90%.

Total Assets is connected with ROA %. Honma Golf's annualized ROA % for the quarter that ended in Sep. 2023 was 15.37%. Total Assets is also linked to Revenue through Asset Turnover. Honma Golf's Asset Turnover for the quarter that ended in Sep. 2023 was 0.30.

Honma Golf Total Assets Historical Data

The historical data trend for Honma Golf'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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Honma Golf Total Assets Chart

Honma Golf Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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2,760.43

2,805.32

2,606.97

2,733.06

2,370.35

Honma Golf Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial														2,645.21	2,733.06	2,422.20	2,370.35	2,216.70

Honma Golf 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.

Honma Golf's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	1528.523	+	841.828
	=	2,370

Honma Golf's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	1479.234	+	737.47
	=	2,217

Honma Golf (HKSE:06858) Total Assets Explanation

Total Assets is connected with ROA %.

Honma Golf's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	352.594	/	( (2370.351	+	2216.704)	/ 2 )
	=	352.594	/	2293.5275
	=	15.37 %

Note: The Net Income data used here is two times the semi-annual (Sep. 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.

Honma Golf's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	698.676	/	( (2370.351	+	2216.704)	/ 2 )
=	698.676	/	2293.5275
=	0.30

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.

Honma Golf Total Assets Related Terms

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Honma Golf (HKSE:06858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Honma Golf Ltd (HKSE:06858) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

35th Floor, Roppongi Hills, Mori Tower, P.O. Box No. 62, 6-10-1, Roppongi, Minatoku, Tokyo, JPN

Website

https://www.honmagolf.com

Honma Golf Ltd is an investment holding company. It is engaged in the design, manufacturing, and sale of golf-related products and the rendering of services relating to such products. Geographically, it derives a majority of revenue from Japan and also has a presence in Korea, China, North America, Europe, and the Rest of the world. The group currently offers golf clubs mainly under three major product families, namely BERES, TOUR WORLD and Be ZEAL.

Executives

Huang Wenhuan	2202 Interest of your spouse
Liu Jianguo	2307 Founder of a discretionary trust who can infl
Kouunn Holdings Limited	2101 Beneficial owner
Gold Genius Development Limited	2106 Person having a security interest in shares
Splendid Steed Investments Limited	2201 Interest of corporation controlled by you
Ma Jianrong	2201 Interest of corporation controlled by you
Vistra Trust (hong Kong) Limited	2301 Trustee
Charoen Pokphand Group Company Limited	2201 Interest of corporation controlled by you
Dazzling Coast Limited	2201 Interest of corporation controlled by you
Prize Ray Limited	2201 Interest of corporation controlled by you
Itochu Corporation	2101 Beneficial owner
Yuanta Financial Holding Co., Ltd	2201 Interest of corporation controlled by you

Honma Golf (HKSE:06858) Headlines

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