Highest Performances Holdings (Highest Performances Holdings) Total Assets : $37.92 Mil (As of Jun. 2023)

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What is Highest Performances Holdings Total Assets?

Highest Performances Holdings's Total Assets for the quarter that ended in Jun. 2023 was $37.92 Mil.

During the past 12 months, Highest Performances Holdings's average Total Assets Growth Rate was -62.20% per year. During the past 3 years, the average Total Assets Growth Rate was -9.50% per year. During the past 5 years, the average Total Assets Growth Rate was 9.00% per year.

During the past 7 years, Highest Performances Holdings's highest 3-Year average Total Assets Growth Rate was 40.20%. The lowest was -9.50%. And the median was 14.40%.

Total Assets is connected with ROA %. Highest Performances Holdings's annualized ROA % for the quarter that ended in Jun. 2023 was -8.02%. Total Assets is also linked to Revenue through Asset Turnover. Highest Performances Holdings's Asset Turnover for the quarter that ended in Jun. 2023 was 0.15.

Highest Performances Holdings Total Assets Historical Data

The historical data trend for Highest Performances 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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Highest Performances Holdings Total Assets Chart

Highest Performances Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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69.50

61.10

72.83

69.29

37.92

Highest Performances Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial								72.83	73.65	69.29	46.52	37.92

Highest Performances 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.

Highest Performances Holdings's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	30.306	+	7.61
	=	37.92

Highest Performances Holdings'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 )
	=	30.306	+	7.61
	=	37.92

Highest Performances Holdings (NAS:HPH) Total Assets Explanation

Total Assets is connected with ROA %.

Highest Performances Holdings'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 )
	=	-3.386	/	( (46.517	+	37.916)	/ 2 )
	=	-3.386	/	42.2165
	=	-8.02 %

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.

Highest Performances Holdings'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 )
=	6.425	/	( (46.517	+	37.916)	/ 2 )
=	6.425	/	42.2165
=	0.15

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.

Highest Performances Holdings Total Assets Related Terms

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Highest Performances Holdings (Highest Performances Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highest Performances Holdings Inc (NAS:HPH) » Definitions » Total Assets

Comparable Companies

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Address

No. 15 Zhujiang West Road, 42nd Floor, Pearl River Tower, Zhujiang New Town, Tianhe, Guangdong Province, Guangzhou, CHN

Website

https://www.puyiwm.com

Puyi Inc is the third-party wealth management services provider in China. The company provides wealth management services, corporate finance services and asset management services. It generates a majority of the revenue from wealth management services under which it distributes wealth management products both online and offline through its branch network. Products distributed online include publicly raised fund products, exchange administered products and asset management plans. Products distributed offline include privately raised fund products. In addition, the company also has a corporate finance services business, under which it provides corporate borrowers with financing solutions, including product design, identification of sources of funding, compliance and risk management.