HSBC China Dragon Fund (HKSE:820) Total Assets : HK$466.70 Mil (As of Sep. 2023)

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What is HSBC China Dragon Fund Total Assets?

HSBC China Dragon Fund's Total Assets for the quarter that ended in Sep. 2023 was HK$466.70 Mil.

During the past 12 months, HSBC China Dragon Fund's average Total Assets Growth Rate was -0.30% per year. During the past 3 years, the average Total Assets Growth Rate was -4.70% per year. During the past 5 years, the average Total Assets Growth Rate was -10.70% per year.

During the past 7 years, HSBC China Dragon Fund's highest 3-Year average Total Assets Growth Rate was -0.80%. The lowest was -19.80%. And the median was -6.50%.

Total Assets is connected with ROA %. HSBC China Dragon Fund's annualized ROA % for the quarter that ended in Sep. 2023 was -26.27%. Total Assets is also linked to Revenue through Asset Turnover. HSBC China Dragon Fund's Asset Turnover for the quarter that ended in Sep. 2023 was -0.12.

HSBC China Dragon Fund Total Assets Historical Data

The historical data trend for HSBC China Dragon Fund'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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HSBC China Dragon Fund Total Assets Chart

HSBC China Dragon Fund Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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883.32

617.75

1,111.05

677.13

535.97

HSBC China Dragon Fund Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial										925.04	677.13	468.02	535.97	466.70

HSBC China Dragon Fund 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.

HSBC China Dragon Fund'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 )
	=	529.39	+	6.578
	=	535.97

HSBC China Dragon Fund'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 )
	=	463.537	+	3.163
	=	466.70

HSBC China Dragon Fund (HKSE:820) Total Assets Explanation

Total Assets is connected with ROA %.

HSBC China Dragon Fund'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 )
	=	-131.706	/	( (535.968	+	466.7)	/ 2 )
	=	-131.706	/	501.334
	=	-26.27 %

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.

HSBC China Dragon Fund'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 )
=	-61.666	/	( (535.968	+	466.7)	/ 2 )
=	-61.666	/	501.334
=	-0.12

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.

HSBC China Dragon Fund Total Assets Related Terms

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HSBC China Dragon Fund (HKSE:820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » HSBC China Dragon Fund (HKSE:820) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Queen's Road Central, Level 22, HSBC Main Building, Hong Kong, HKG

Website

https://www.assetmanagement.hsbc.com.hk

HSBC China Dragon Fund is an asset management company. The firm's investment objective is to achieve long-term capital growth by investing in listed companies.

Executives

Metage Capital Limited	2102 Investment manager
Lazard Asset Management Llc	2102 Investment manager

HSBC China Dragon Fund (HKSE:820) Headlines

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