Minshang Creative Technology Holdings (HKSE:01632) Total Assets : HK$226.1 Mil (As of Sep. 2023)

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What is Minshang Creative Technology Holdings Total Assets?

Minshang Creative Technology Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$226.1 Mil.

Warning Sign:

If a company builds assets at 38.4% a year, faster than its revenue growth rate of 5.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Minshang Creative Technology Holdings's average Total Assets Growth Rate was 16.60% per year. During the past 3 years, the average Total Assets Growth Rate was 2.60% per year. During the past 5 years, the average Total Assets Growth Rate was 38.40% per year.

During the past 10 years, Minshang Creative Technology Holdings's highest 3-Year average Total Assets Growth Rate was 99.60%. The lowest was -3.20%. And the median was 2.70%.

Total Assets is connected with ROA %. Minshang Creative Technology Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 13.24%. Total Assets is also linked to Revenue through Asset Turnover. Minshang Creative Technology Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.34.

Minshang Creative Technology Holdings Total Assets Historical Data

The historical data trend for Minshang Creative 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.

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Minshang Creative Technology Holdings Total Assets Chart

Minshang Creative Technology Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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124.95

242.22

559.76

198.64

224.29

Minshang Creative Technology Holdings Semi-Annual Data
	Mar14	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														407.79	198.64	204.80	224.29	226.05

Minshang Creative 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.

Minshang Creative Technology 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 )
	=	171.196	+	53.089
	=	224.3

Minshang Creative Technology 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 )
	=	183.591	+	42.461
	=	226.1

Minshang Creative Technology Holdings (HKSE:01632) Total Assets Explanation

Total Assets is connected with ROA %.

Minshang Creative Technology 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 )
	=	29.822	/	( (224.285	+	226.052)	/ 2 )
	=	29.822	/	225.1685
	=	13.24 %

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.

Minshang Creative Technology 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 )
=	77.549	/	( (224.285	+	226.052)	/ 2 )
=	77.549	/	225.1685
=	0.34

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.

Minshang Creative Technology Holdings Total Assets Related Terms

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Minshang Creative Technology Holdings (HKSE:01632) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minshang Creative Technology Holdings Ltd (HKSE:01632) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

89 Queensway, Unit 4203, 42nd Floor, Tower One Lippo Centre, Admiralty, Hong Kong, HKG

Website

http://www.minshangct.com

Minshang Creative Technology Holdings Ltd is an investment holding company. The company's operating segment includes the Vietnamese-style restaurant business in Hong Kong, Trading business in the PRC, and IT solution business. It generates maximum revenue from the Trading business segment. The Trading business segment focuses on offering 3C electronic products, frozen foods, and grain and oil products. Geographically, it derives a majority of revenue from China.

Minshang Creative Technology Holdings (HKSE:01632) Headlines

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