Fineland Living Services Group (HKSE:09978) Total Assets : HK$523.1 Mil (As of Dec. 2023)

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What is Fineland Living Services Group Total Assets?

Fineland Living Services Group's Total Assets for the quarter that ended in Dec. 2023 was HK$523.1 Mil.

Warning Sign:

If a company builds assets at 49.9% a year, faster than its revenue growth rate of 17.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Fineland Living Services Group's average Total Assets Growth Rate was -17.10% per year. During the past 3 years, the average Total Assets Growth Rate was 63.50% per year. During the past 5 years, the average Total Assets Growth Rate was 49.90% per year.

During the past 9 years, Fineland Living Services Group's highest 3-Year average Total Assets Growth Rate was 78.20%. The lowest was 13.00%. And the median was 61.75%.

Total Assets is connected with ROA %. Fineland Living Services Group's annualized ROA % for the quarter that ended in Dec. 2023 was -14.79%. Total Assets is also linked to Revenue through Asset Turnover. Fineland Living Services Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.41.

Fineland Living Services Group Total Assets Historical Data

The historical data trend for Fineland Living Services Group'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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Fineland Living Services Group Total Assets Chart

Fineland Living Services Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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234.12

260.69

556.12

640.81

523.15

Fineland Living Services Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial											556.12	640.80	640.81	592.21	523.15

Fineland Living Services Group 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.

Fineland Living Services Group'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 )
	=	189.143	+	334.002
	=	523.1

Fineland Living Services Group'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 )
	=	189.143	+	334.002
	=	523.1

Fineland Living Services Group (HKSE:09978) Total Assets Explanation

Total Assets is connected with ROA %.

Fineland Living Services Group'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 )
	=	-82.466	/	( (592.206	+	523.145)	/ 2 )
	=	-82.466	/	557.6755
	=	-14.79 %

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.

Fineland Living Services Group'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 )
=	228.807	/	( (592.206	+	523.145)	/ 2 )
=	228.807	/	557.6755
=	0.41

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.

Fineland Living Services Group Total Assets Related Terms

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Fineland Living Services Group (HKSE:09978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fineland Living Services Group Ltd (HKSE:09978) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28 Tiyu East Road, Fineland Plaza, Tianhe District, Guangzhou, CHN

Website

http://www.finelandassets.com

Fineland Living Services Group Ltd formerly Fineland Real Estate Services Group Ltd is principally engaged in the provision of comprehensive real estate agency services. The company through its operators in Guangzhou, China provides real estate agency services in both the primary and secondary property markets. It operates in the business segments of Real estate agency service which includes online property referral and agency service; Property research and consultancy service; and Integrated services.

Executives

Aspiring Vision Holdings Limited	2101 Beneficial owner
Huiyu Investment Holdings Limited	2101 Beneficial owner
Fineland Group Holdings Company Limited	2201 Interest of corporation controlled by you
Zheng Muming	2202 Interest of your spouse
Zheng Hui	2202 Interest of your spouse
Huang Peng	2103 Interests held jointly with another person
Tse Lai Wa	2103 Interests held jointly with another person
Fong Ming	2501 Other
Widethrive Investments Limited	2201 Interest of corporation controlled by you
Stand Smooth Group Limited	2201 Interest of corporation controlled by you
Mansion Green Holdings Limited	2101 Beneficial owner
Hero Dragon Management Limited	2201 Interest of corporation controlled by you
He Kangkang	2202 Interest of your spouse
Metropolitan Dawn Holdings Limited	2101 Beneficial owner
Rong Haiming	2201 Interest of corporation controlled by you

Fineland Living Services Group (HKSE:09978) Headlines

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