Wan Cheng Metal Packaging Co (HKSE:08291) Total Assets : HK$124.31 Mil (As of Dec. 2023)

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What is Wan Cheng Metal Packaging Co Total Assets?

Wan Cheng Metal Packaging Co's Total Assets for the quarter that ended in Dec. 2023 was HK$124.31 Mil.

During the past 12 months, Wan Cheng Metal Packaging Co's average Total Assets Growth Rate was 6.10% per year. During the past 3 years, the average Total Assets Growth Rate was -31.90% per year. During the past 5 years, the average Total Assets Growth Rate was -17.70% per year.

During the past 10 years, Wan Cheng Metal Packaging Co's highest 3-Year average Total Assets Growth Rate was 22.10%. The lowest was -31.90%. And the median was 16.20%.

Total Assets is connected with ROA %. Wan Cheng Metal Packaging Co's annualized ROA % for the quarter that ended in Dec. 2023 was -73.03%. Total Assets is also linked to Revenue through Asset Turnover. Wan Cheng Metal Packaging Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.23.

Wan Cheng Metal Packaging Co Total Assets Historical Data

The historical data trend for Wan Cheng Metal Packaging 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.

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Wan Cheng Metal Packaging Co Total Assets Chart

Wan Cheng Metal Packaging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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192.75

308.35

248.90

123.05

124.31

Wan Cheng Metal Packaging Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															123.05	-	103.44	-	124.31

Wan Cheng Metal Packaging Co 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.

Wan Cheng Metal Packaging Co'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 )
	=	-95.525	+	219.834
	=	124.31

Wan Cheng Metal Packaging Co'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 )
	=	-95.525	+	219.834
	=	124.31

Wan Cheng Metal Packaging Co (HKSE:08291) Total Assets Explanation

Total Assets is connected with ROA %.

Wan Cheng Metal Packaging Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-90.784	/	( (0	+	124.309)	/ 1 )
	=	-90.784	/	124.309
	=	-73.03 %

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.

Wan Cheng Metal Packaging Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	28.425	/	( (0	+	124.309)	/ 1 )
=	28.425	/	124.309
=	0.23

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.

Wan Cheng Metal Packaging Co Total Assets Related Terms

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Wan Cheng Metal Packaging Co (HKSE:08291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Wan Cheng Metal Packaging Co Ltd (HKSE:08291) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Huada Road, Ronggui Street, Hi-tech Industrial Development Zone, Shunde District, Guangdong Province, Foshan, CHN

Website

http://www.wanchengholdings.com

Wan Cheng Metal Packaging Co Ltd is an investment holding company. It is a manufacturer of tinplate packaging products including tin cans and steel pails. The group operates in one operating segment which is the manufacturing and sales of tinplate packaging products in China. It derives the majority of its geographical revenues from China.

Executives

Liang Zhimei	2101 Beneficial owner
Zhang Zhiwei	2101 Beneficial owner
Liang Jianxun	2101 Beneficial owner
Liang Yingjun	2202 Interest of your spouse
Fortune Time Enterprises Limited
Liang Sharina
Century Great Investments Limited
Liang Jianheng
Liang Yingjun
Law Sai Hung

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