Ares Asia (HKSE:00645) Total Assets : HK$100.6 Mil (As of Sep. 2023)

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What is Ares Asia Total Assets?

Ares Asia's Total Assets for the quarter that ended in Sep. 2023 was HK$100.6 Mil.

During the past 12 months, Ares Asia's average Total Assets Growth Rate was 117.70% per year. During the past 3 years, the average Total Assets Growth Rate was -16.00% per year. During the past 5 years, the average Total Assets Growth Rate was -22.40% per year. During the past 10 years, the average Total Assets Growth Rate was 9.30% per year.

During the past 13 years, Ares Asia's highest 3-Year average Total Assets Growth Rate was 196.70%. The lowest was -48.40%. And the median was -7.85%.

Total Assets is connected with ROA %. Ares Asia's annualized ROA % for the quarter that ended in Sep. 2023 was -6.90%. Total Assets is also linked to Revenue through Asset Turnover. Ares Asia's Asset Turnover for the quarter that ended in Sep. 2023 was 1.74.

Ares Asia Total Assets Historical Data

The historical data trend for Ares Asia'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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Ares Asia Total Assets Chart

Ares Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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205.08

232.78

369.60

192.60

150.45

Ares Asia Semi-Annual Data
	Mar14	Sep14	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															84.92	192.60	109.68	150.45	100.57

Ares Asia 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.

Ares Asia'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 )
	=	64.54	+	85.912
	=	150.5

Ares Asia'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 )
	=	60.045	+	40.52
	=	100.6

Ares Asia (HKSE:00645) Total Assets Explanation

Total Assets is connected with ROA %.

Ares Asia'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 )
	=	-8.658	/	( (150.452	+	100.565)	/ 2 )
	=	-8.658	/	125.5085
	=	-6.90 %

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.

Ares Asia'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 )
=	218.65	/	( (150.452	+	100.565)	/ 2 )
=	218.65	/	125.5085
=	1.74

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.

Ares Asia Total Assets Related Terms

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Ares Asia (HKSE:00645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Ares Asia Ltd (HKSE:00645) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit No. 9608, Level 96, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.aresasialtd.com

Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.

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