Able Engineering Holdings (HKSE:01627) Total Assets

: HK$4,920 Mil (As of Sep. 2023)

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Able Engineering Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$4,920 Mil.

Warning Sign:

If a company builds assets at 32.6% a year, faster than its revenue growth rate of 18.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Able Engineering Holdings's average Total Assets Growth Rate was 6.40% per year. During the past 3 years, the average Total Assets Growth Rate was 30.70% per year. During the past 5 years, the average Total Assets Growth Rate was 32.60% per year.

During the past 10 years, Able Engineering Holdings's highest 3-Year average Total Assets Growth Rate was 45.40%. The lowest was -15.50%. And the median was 28.30%.

Total Assets is connected with ROA %. Able Engineering Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 2.60%. Total Assets is also linked to Revenue through Asset Turnover. Able Engineering Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.64.

Able Engineering Holdings Total Assets Historical Data

The historical data trend for Able Engineering 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.

Able Engineering Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

2,045.46

1,921.17

3,064.33

3,926.41

4,626.48

Able Engineering Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets														2,886.02	3,926.41	3,580.02	4,626.48	4,920.35

Able Engineering 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.

Able Engineering Holdings'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 )
	=	1520.274	+	3106.207
	=	4,626

Able Engineering Holdings'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 )
	=	1475.746	+	3444.601
	=	4,920

Able Engineering Holdings (HKSE:01627) Total Assets Explanation

Total Assets is connected with ROA %.

Able Engineering Holdings'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 )
	=	124.268	/	( (4626.481	+	4920.347)	/ 2 )
	=	124.268	/	4773.414
	=	2.60 %

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.

Able Engineering Holdings'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 )
=	3032.016	/	( (4626.481	+	4920.347)	/ 2 )
=	3032.016	/	4773.414
=	0.64

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.

Able Engineering Holdings Total Assets Related Terms

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Able Engineering Holdings (HKSE:01627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG

Website

https://www.ableeng.com.hk

Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.

Able Engineering Holdings (HKSE:01627) Headlines

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