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China Environmental Technology Holdings (HKSE:00646) Total Assets

: HK$36.56 Mil (As of Jun. 2023)
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China Environmental Technology Holdings's Total Assets for the quarter that ended in Jun. 2023 was HK$36.56 Mil.

During the past 12 months, China Environmental Technology Holdings's average Total Assets Growth Rate was -20.50% per year. During the past 3 years, the average Total Assets Growth Rate was -20.60% per year. During the past 5 years, the average Total Assets Growth Rate was -33.70% per year. During the past 10 years, the average Total Assets Growth Rate was -20.60% per year.

During the past 13 years, China Environmental Technology Holdings's highest 3-Year average Total Assets Growth Rate was 35.80%. The lowest was -39.00%. And the median was -4.50%.

Total Assets is connected with ROA %. China Environmental Technology Holdings's annualized ROA % for the quarter that ended in Jun. 2023 was -83.36%. Total Assets is also linked to Revenue through Asset Turnover. China Environmental Technology Holdings's Asset Turnover for the quarter that ended in Jun. 2023 was 0.22.


China Environmental Technology Holdings Total Assets Historical Data

The historical data trend for China Environmental Technology Holdings'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.

* Premium members only.

China Environmental Technology Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.38 75.57 50.74 34.88 40.57

China Environmental Technology Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.74 41.28 34.88 36.56 40.57

China Environmental Technology Holdings 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.

China Environmental Technology Holdings's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=-575.916+610.795
=34.88

China Environmental Technology Holdings's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (Q: Jun. 2023 )+Total Liabilities (Q: Jun. 2023 )
=-580.377+616.935
=36.56

* 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.


China Environmental Technology Holdings  (HKSE:00646) Total Assets Explanation

Total Assets is connected with ROA %.

China Environmental Technology Holdings's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %=Net Income (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=-29.776/( (34.879+36.558)/ 2 )
=-29.776/35.7185
=-83.36 %

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

China Environmental Technology Holdings's Asset Turnover for the quarter that ended in Jun. 2023 is

Asset Turnover
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=7.82/( (34.879+36.558)/ 2 )
=7.82/35.7185
=0.22

* 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.

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.

China Environmental Technology Holdings Total Assets Related Terms

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China Environmental Technology Holdings (HKSE:00646) Business Description

Traded in Other Exchanges
N/A
Address
34 Tai Yau Street, Unit 901, New Tech Plaza, San Po Kong, Kowloon, Hong Kong, HKG
China Environmental Technology Holdings Ltd is engaged in the environmental protection business including trading of machinery and equipment, environmental protection technology, equipment system integration, cities and town wastewater treatment and project technical service, and health-related products and services. It operates through two segments, the Wastewater Treatment segment that engages in the provision of wastewater treatment plants construction and operation services, as well as the trading of wastewater treatment facilities and machinery and the provision for related services; the Healthcare segment engages in the provision of healthcare services. It mainly operates businesses in China and generates a vast majority of its revenues from the Wastewater treatment segment.

China Environmental Technology Holdings (HKSE:00646) Headlines

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