HTCO (High-Trend International Group) Total Assets : $29.2 Mil (As of Oct. 2024)

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What is High-Trend International Group Total Assets?

High-Trend International Group's Total Assets for the quarter that ended in Oct. 2024 was $29.2 Mil.

During the past 12 months, High-Trend International Group's average Total Assets Growth Rate was 259.70% per year. During the past 3 years, the average Total Assets Growth Rate was 9.90% per year.

During the past 5 years, High-Trend International Group's highest 3-Year average Total Assets Growth Rate was 9.90%. The lowest was -8.50%. And the median was 0.70%.

Total Assets is connected with ROA %. High-Trend International Group's annualized ROA % for the quarter that ended in Oct. 2024 was -214.08%. Total Assets is also linked to Revenue through Asset Turnover. High-Trend International Group's Asset Turnover for the quarter that ended in Oct. 2024 was 3.44.

High-Trend International Group Total Assets Historical Data

The historical data trend for High-Trend International 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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High-Trend International Group Total Assets Chart

High-Trend International Group Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

Total Assets

16.23

27.19

35.57

8.43

29.21

High-Trend International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Total Assets	Get a 7-Day Free Trial				35.57	13.72	8.43	13.44	29.21

High-Trend International 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.

High-Trend International Group's Total Assets for the fiscal year that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (A: Oct. 2024 )	+	Total Liabilities (A: Oct. 2024 )
	=	8.736	+	20.471
	=	29.2

High-Trend International Group's Total Assets for the quarter that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2024 )	+	Total Liabilities (Q: Oct. 2024 )
	=	8.736	+	20.471
	=	29.2

High-Trend International Group (NAS:HTCO) Total Assets Explanation

Total Assets is connected with ROA %.

High-Trend International Group's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %	=	Net Income (Q: Oct. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
	=	-45.652	/	( (13.443	+	29.207)	/ 2 )
	=	-45.652	/	21.325
	=	-214.08 %

Note: The Net Income data used here is two times the semi-annual (Oct. 2024) 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.

High-Trend International Group's Asset Turnover for the quarter that ended in Oct. 2024 is

	Asset Turnover
=	Revenue (Q: Oct. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
=	73.321	/	( (13.443	+	29.207)	/ 2 )
=	73.321	/	21.325
=	3.44

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.

High-Trend International Group Total Assets Related Terms

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High-Trend International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » High-Trend International Group (NAS:HTCO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17, Paya Lebar Square, Hong Kong, SGP, 409051

Website

http://www.htcointl.com/index.html

High-Trend International Group formerly Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company derives freight revenue from voyage contracts and provides vessel service. Majority of revenue is from providing shipping services for customers in Asia, principally in Singapore, Dubai, Korea, Japan, and India.