CGHOF (China Gas Holdings) Total Assets : $19,008 Mil (As of Mar. 2024)

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What is China Gas Holdings Total Assets?

China Gas Holdings's Total Assets for the quarter that ended in Mar. 2024 was $19,008 Mil.

Warning Sign:

If a company builds assets at 9% a year, faster than its revenue growth rate of 7.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, China Gas Holdings's average Total Assets Growth Rate was -4.20% per year. During the past 3 years, the average Total Assets Growth Rate was 2.20% per year. During the past 5 years, the average Total Assets Growth Rate was 9.00% per year. During the past 10 years, the average Total Assets Growth Rate was 16.40% per year.

During the past 13 years, China Gas Holdings's highest 3-Year average Total Assets Growth Rate was 178.00%. The lowest was 2.20%. And the median was 21.60%.

Total Assets is connected with ROA %. China Gas Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was 1.82%. Total Assets is also linked to Revenue through Asset Turnover. China Gas Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.30.

China Gas Holdings Total Assets Historical Data

The historical data trend for China Gas 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.

China Gas Holdings Total Assets Chart

China Gas Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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14,436.33

18,122.19

20,855.24

20,040.42

19,007.76

China Gas Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Total Assets	Get a 7-Day Free Trial															19,977.40	20,040.42	19,078.43	19,007.76	19,698.82

China Gas 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.

China Gas Holdings's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	7765.225	+	11242.538
	=	19,008

China Gas Holdings's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	7765.225	+	11242.538
	=	19,008

China Gas Holdings (OTCPK:CGHOF) Total Assets Explanation

Total Assets is connected with ROA %.

China Gas Holdings's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	346.294	/	( (19078.429	+	19007.762)	/ 2 )
	=	346.294	/	19043.0955
	=	1.82 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2024) 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.

China Gas Holdings's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	5798.412	/	( (19078.429	+	19007.762)	/ 2 )
=	5798.412	/	19043.0955
=	0.30

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.

China Gas Holdings Total Assets Related Terms

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China Gas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Holdings Ltd (OTCPK:CGHOF) » Definitions » Total Assets

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Traded in Other Exchanges

CGHLY:USA 00384:Hong Kong EBZ:Germany

Address

188 Meiyuan Road, China Gas Building, Luohu District, Guangdong Province, Shenzhen, CHN

Website

https://www.chinagasholdings.com.hk

China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2024 (ended March 31, 2024), the group had secured a total of 662 piped gas concessions, 516 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 119 LPG distribution projects in China. In total, CGH has connected 47.1 million residential households and achieved a penetration rate of 70.9%.