Macau Legend Development (HKSE:01680) Total Assets

: HK$7,150.4 Mil (As of Dec. 2022)

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Macau Legend Development's Total Assets for the quarter that ended in Dec. 2022 was HK$7,150.4 Mil.

During the past 12 months, Macau Legend Development's average Total Assets Growth Rate was -9.90% per year. During the past 3 years, the average Total Assets Growth Rate was -9.80% per year. During the past 5 years, the average Total Assets Growth Rate was -8.50% per year. During the past 10 years, the average Total Assets Growth Rate was 0.80% per year.

During the past 11 years, Macau Legend Development's highest 3-Year average Total Assets Growth Rate was 22.80%. The lowest was -9.80%. And the median was -0.60%.

Total Assets is connected with ROA %. Macau Legend Development's annualized ROA % for the quarter that ended in Dec. 2022 was -3.30%. Total Assets is also linked to Revenue through Asset Turnover. Macau Legend Development's Asset Turnover for the quarter that ended in Dec. 2022 was 0.02.

Macau Legend Development Total Assets Historical Data

The historical data trend for Macau Legend Development'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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Macau Legend Development Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

10,993.17

11,179.84

8,692.98

7,970.11

7,150.38

Macau Legend Development Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Total Assets																8,692.98	8,186.54	7,970.11	7,586.34	7,150.38

Macau Legend Development 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.

Macau Legend Development'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 )
	=	3708.212	+	3442.168
	=	7,150.4

Macau Legend Development's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2022 )	+	Total Liabilities (Q: Dec. 2022 )
	=	3708.212	+	3442.168
	=	7,150.4

Macau Legend Development (HKSE:01680) Total Assets Explanation

Total Assets is connected with ROA %.

Macau Legend Development's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %	=	Net Income (Q: Dec. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
	=	-243.402	/	( (7586.342	+	7150.38)	/ 2 )
	=	-243.402	/	7368.361
	=	-3.30 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2022) 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.

Macau Legend Development's Asset Turnover for the quarter that ended in Dec. 2022 is

	Asset Turnover
=	Revenue (Q: Dec. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
=	167.854	/	( (7586.342	+	7150.38)	/ 2 )
=	167.854	/	7368.361
=	0.02

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.

Macau Legend Development Total Assets Related Terms

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Macau Legend Development (HKSE:01680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Macau Legend Development Ltd (HKSE:01680) » Definitions » Total Assets

Traded in Other Exchanges

MALDF:USA

Address

Avenida da Amizade e Avenida da, Palace Building, Macau Fisherman’s Wharf, Dr. Sun Yat Sen, Macau, MAC

Website

http://www.macaulegend.com

Macau Legend Development Ltd is an investment holdings company,It is engaged in the resorts and casinos industry. The business has two segments: Gaming and Non-Gaming. The Gaming segment is engaged in gaming-related services such as gaming tables and electronic gaming machines. The company's flagship resort and gaming center is The Landmark Macau, a hotel, casino, and luxury shopping center. The Non-Gaming segment is involved in hotel operations, such as food and beverage services and others. The company generates the vast majority of its revenue in Macau.

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