Greentown Management Holdings Co (HKSE:09979) Total Assets

: HK$7,463 Mil (As of Jun. 2023)

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Greentown Management Holdings Co's Total Assets for the quarter that ended in Jun. 2023 was HK$7,463 Mil.

During the past 12 months, Greentown Management Holdings Co's average Total Assets Growth Rate was 1.30% per year. During the past 3 years, the average Total Assets Growth Rate was 16.50% per year. During the past 5 years, the average Total Assets Growth Rate was 15.00% per year.

During the past 7 years, Greentown Management Holdings Co's highest 3-Year average Total Assets Growth Rate was 19.40%. The lowest was 5.50%. And the median was 16.50%.

Total Assets is connected with ROA %. Greentown Management Holdings Co's annualized ROA % for the quarter that ended in Jun. 2023 was 14.45%. Total Assets is also linked to Revenue through Asset Turnover. Greentown Management Holdings Co's Asset Turnover for the quarter that ended in Jun. 2023 was 0.24.

Greentown Management Holdings Co Total Assets Historical Data

The historical data trend for Greentown Management Holdings Co'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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Greentown Management Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

4,183.62

5,627.89

6,421.31

6,880.44

7,364.03

Greentown Management Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets								6,421.31	6,685.11	6,880.44	7,463.22	7,364.03

Greentown Management Holdings Co 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.

Greentown Management Holdings Co'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 )
	=	4325.067	+	2555.368
	=	6,880

Greentown Management Holdings Co'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 )
	=	3956.449	+	3506.768
	=	7,463

Greentown Management Holdings Co (HKSE:09979) Total Assets Explanation

Total Assets is connected with ROA %.

Greentown Management Holdings Co'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 )
	=	1036.062	/	( (6880.436	+	7463.217)	/ 2 )
	=	1036.062	/	7171.8265
	=	14.45 %

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.

Greentown Management Holdings Co'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 )
=	1694.276	/	( (6880.436	+	7463.217)	/ 2 )
=	1694.276	/	7171.8265
=	0.24

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.

Greentown Management Holdings Co Total Assets Related Terms

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Greentown Management Holdings Co (HKSE:09979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Management Holdings Co Ltd (HKSE:09979) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

767 Wen Yi West Road, Xixi International, 9th Floor, Block C, Xihu District, Zhejiang, Hangzhou, CHN

Website

https://www.lcgljt.com

Greentown Management Holdings Co Ltd is the project management company in the PRC. The company's operating segments are Commercial Project Management, Government Project Management, and Other Services. The firm generates a majority of its revenue from Commercial project management which is engaged in providing property development management service to project owner; Governmental project management provides property development management service to the government on resettlement housing property development projects and public infrastructure.

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