MGM China Holdings (MGM China Holdings) Total Assets : $3,736 Mil (As of Dec. 2023)

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What is MGM China Holdings Total Assets?

MGM China Holdings's Total Assets for the quarter that ended in Dec. 2023 was $3,736 Mil.

During the past 12 months, MGM China Holdings's average Total Assets Growth Rate was 1.80% 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 -4.80% per year. During the past 10 years, the average Total Assets Growth Rate was 8.20% per year.

During the past 13 years, MGM China Holdings's highest 3-Year average Total Assets Growth Rate was 35.50%. The lowest was -6.70%. And the median was 7.50%.

Total Assets is connected with ROA %. MGM China Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 12.52%. Total Assets is also linked to Revenue through Asset Turnover. MGM China Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.48.

MGM China Holdings Total Assets Historical Data

The historical data trend for MGM China 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.

MGM China Holdings Total Assets Chart

MGM China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,165.06

3,827.29

3,646.57

4,008.72

3,736.50

MGM China Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															3,646.57	4,005.29	4,008.72	3,698.33	3,736.50

MGM China 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.

MGM China Holdings's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-169.943	+	3906.441
	=	3,736

MGM China Holdings's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	-169.943	+	3906.441
	=	3,736

MGM China Holdings (OTCPK:MCHVF) Total Assets Explanation

Total Assets is connected with ROA %.

MGM China Holdings's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	465.412	/	( (3698.334	+	3736.498)	/ 2 )
	=	465.412	/	3717.416
	=	12.52 %

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

MGM China Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1797.072	/	( (3698.334	+	3736.498)	/ 2 )
=	1797.072	/	3717.416
=	0.48

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.

MGM China Holdings Total Assets Related Terms

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MGM China Holdings (MGM China Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM China Holdings Ltd (OTCPK:MCHVF) » Definitions » Total Assets

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MCHVY:USA 02282:Hong Kong

Address

Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC

Website

https://en.mgmchinaholdings.com

MGM China is one of six casino license holders in Macao and operates two integrated resorts: the MGM Macau casino in the Macao Peninsula and MGM Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.