Topsports International Holdings (HKSE:06110) Total Assets : HK$18,161 Mil (As of Aug. 2023)

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What is Topsports International Holdings Total Assets?

Topsports International Holdings's Total Assets for the quarter that ended in Aug. 2023 was HK$18,161 Mil.

During the past 12 months, Topsports International Holdings's average Total Assets Growth Rate was -15.50% per year. During the past 3 years, the average Total Assets Growth Rate was -8.10% per year.

During the past 7 years, Topsports International Holdings's highest 3-Year average Total Assets Growth Rate was 18.00%. The lowest was -8.10%. And the median was 3.80%.

Total Assets is connected with ROA %. Topsports International Holdings's annualized ROA % for the quarter that ended in Aug. 2023 was 15.41%. Total Assets is also linked to Revenue through Asset Turnover. Topsports International Holdings's Asset Turnover for the quarter that ended in Aug. 2023 was 0.82.

Topsports International Holdings Total Assets Historical Data

The historical data trend for Topsports International 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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Topsports International Holdings Total Assets Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Assets

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18,890.77

24,488.56

21,249.82

21,879.83

19,302.97

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Total Assets	Get a 7-Day Free Trial								21,420.45	21,879.83	20,409.07	19,302.97	18,161.28

Topsports International 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.

Topsports International Holdings's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	11284.768	+	8018.203
	=	19,303

Topsports International Holdings's Total Assets for the quarter that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2023 )	+	Total Liabilities (Q: Aug. 2023 )
	=	10617.32	+	7543.959
	=	18,161

Topsports International Holdings (HKSE:06110) Total Assets Explanation

Total Assets is connected with ROA %.

Topsports International Holdings's annualized ROA % for the quarter that ended in Aug. 2023 is

ROA %	=	Net Income (Q: Aug. 2023 )	/	( (Total Assets (Q: Feb. 2023 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
	=	2887.544	/	( (19302.971	+	18161.279)	/ 2 )
	=	2887.544	/	18732.125
	=	15.41 %

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

Topsports International Holdings's Asset Turnover for the quarter that ended in Aug. 2023 is

	Asset Turnover
=	Revenue (Q: Aug. 2023 )	/	( (Total Assets (Q: Feb. 2023 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
=	15306.341	/	( (19302.971	+	18161.279)	/ 2 )
=	15306.341	/	18732.125
=	0.82

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.

Topsports International Holdings Total Assets Related Terms

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Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

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