Renaissance Asia Silk Road Group (HKSE:00274) Total Assets : HK$313.8 Mil (As of Jun. 2023)

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What is Renaissance Asia Silk Road Group Total Assets?

Renaissance Asia Silk Road Group's Total Assets for the quarter that ended in Jun. 2023 was HK$313.8 Mil.

During the past 12 months, Renaissance Asia Silk Road Group's average Total Assets Growth Rate was -5.80% per year. During the past 3 years, the average Total Assets Growth Rate was -9.90% per year. During the past 5 years, the average Total Assets Growth Rate was -7.90% per year. During the past 10 years, the average Total Assets Growth Rate was -11.30% per year.

During the past 13 years, Renaissance Asia Silk Road Group's highest 3-Year average Total Assets Growth Rate was 89.00%. The lowest was -48.30%. And the median was 5.20%.

Total Assets is connected with ROA %. Renaissance Asia Silk Road Group's annualized ROA % for the quarter that ended in Jun. 2023 was -15.97%. Total Assets is also linked to Revenue through Asset Turnover. Renaissance Asia Silk Road Group's Asset Turnover for the quarter that ended in Jun. 2023 was 0.27.

Renaissance Asia Silk Road Group Total Assets Historical Data

The historical data trend for Renaissance Asia Silk Road Group'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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Renaissance Asia Silk Road Group Total Assets Chart

Renaissance Asia Silk Road Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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379.50

373.18

290.58

298.69

348.71

Renaissance Asia Silk Road Group 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															290.58	286.27	298.69	313.78	348.71

Renaissance Asia Silk Road Group 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.

Renaissance Asia Silk Road Group'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 )
	=	-125.139	+	423.829
	=	298.7

Renaissance Asia Silk Road Group'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 )
	=	-129.031	+	442.811
	=	313.8

Renaissance Asia Silk Road Group (HKSE:00274) Total Assets Explanation

Total Assets is connected with ROA %.

Renaissance Asia Silk Road Group'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 )
	=	-48.902	/	( (298.69	+	313.78)	/ 2 )
	=	-48.902	/	306.235
	=	-15.97 %

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.

Renaissance Asia Silk Road Group'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 )
=	82.106	/	( (298.69	+	313.78)	/ 2 )
=	82.106	/	306.235
=	0.27

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.

Renaissance Asia Silk Road Group Total Assets Related Terms

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Renaissance Asia Silk Road Group (HKSE:00274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Renaissance Asia Silk Road Group Ltd (HKSE:00274) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Room 1208, 12th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.rasr.com.hk

Renaissance Asia Silk Road Group Ltd, formerly China Billion Resources Ltd is an investment holding company. It operates through three operating segments: Mining Products, which generates the majority of revenue; Moneylending; and Trading & wholesale. The Mining Products segment engages in gold mining, exploration, and trading of gold products. The Money Lending business segment provides money lending services. The Trading & wholesale segment is engaged in the trading of coal and wholesale & trading of frozen meat. Its geographical segments are Hong Kong and China, of which the majority of its revenue comes from China.

Executives

Zhang Jiaxin	2101 Beneficial owner
Reconstruction Capital Group Limited	2101 Beneficial owner
Sun Guiling	2201 Interest of corporation controlled by you
Wang Song	2201 Interest of corporation controlled by you
Excellent Shine Capital Limited	2101 Beneficial owner
Wang Huimin	2201 Interest of corporation controlled by you
Du Huiyan	2201 Interest of corporation controlled by you
China Zhongsheng Investment Limited	2101 Beneficial owner
Xu Huiqiang	2201 Interest of corporation controlled by you
Wang Yajun	2201 Interest of corporation controlled by you
Everbright Fortune Company Limited	2101 Beneficial owner
Mu Yongjie	2101 Beneficial owner
Ng Chikong	2101 Beneficial owner
Wang Juan	2101 Beneficial owner
Li Tiejian	2101 Beneficial owner

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