Core Economy Investment Group (HKSE:00339) Total Assets : HK$14.00 Mil (As of Dec. 2023)

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What is Core Economy Investment Group Total Assets?

Core Economy Investment Group's Total Assets for the quarter that ended in Dec. 2023 was HK$14.00 Mil.

During the past 12 months, Core Economy Investment Group's average Total Assets Growth Rate was -49.10% per year. During the past 3 years, the average Total Assets Growth Rate was -33.60% 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 -9.90% per year.

During the past 13 years, Core Economy Investment Group's highest 3-Year average Total Assets Growth Rate was 207.00%. The lowest was -79.50%. And the median was -11.70%.

Total Assets is connected with ROA %. Core Economy Investment Group's annualized ROA % for the quarter that ended in Dec. 2023 was -78.48%. Total Assets is also linked to Revenue through Asset Turnover. Core Economy Investment Group's Asset Turnover for the quarter that ended in Dec. 2023 was -0.06.

Core Economy Investment Group Total Assets Historical Data

The historical data trend for Core Economy Investment 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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Core Economy Investment Group Total Assets Chart

Core Economy Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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34.53

27.73

22.76

14.03

14.00

Core Economy Investment 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															22.76	17.32	14.03	12.02	14.00

Core Economy Investment 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.

Core Economy Investment Group'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 )
	=	7.31	+	6.691
	=	14.00

Core Economy Investment Group'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 )
	=	7.31	+	6.691
	=	14.00

Core Economy Investment Group (HKSE:00339) Total Assets Explanation

Total Assets is connected with ROA %.

Core Economy Investment Group'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 )
	=	-10.212	/	( (12.022	+	14.001)	/ 2 )
	=	-10.212	/	13.0115
	=	-78.48 %

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.

Core Economy Investment Group'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 )
=	-0.772	/	( (12.022	+	14.001)	/ 2 )
=	-0.772	/	13.0115
=	-0.06

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.

Core Economy Investment Group Total Assets Related Terms

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Core Economy Investment Group (HKSE:00339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Core Economy Investment Group Ltd (HKSE:00339) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Harbour Road, 18 Floor, Harbour Centre, Room 1805, Wanchai, Hong Kong, HKG

Website

https://www.ceig.hk

Core Economy Investment Group Ltd is an investment company. It is engaged in the investment and trading of listed and unlisted equity securities. The investment objective of the company is to achieve earnings in the form of capital appreciation as well as income from interest and dividends mainly through investment in a diversified portfolio of listed and unlisted companies, in Hong Kong or China, or any other countries where such investment is considered profitable. The group's turnover is majorly derived from its investments in listed equity securities. The business activities of the company are carried out in Hong Kong.

Executives

Yang Zhicheng	2101 Beneficial owner
Zhong Jin Ke Ji Shi Ye You Xian Gong Si	2101 Beneficial owner
Zhu Wen Juan	2101 Beneficial owner
Huan Yu Shi Ji Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Hk Jin Tai Feng Group Limited	2101 Beneficial owner
Liu Sihan	2101 Beneficial owner
Sun Bo	2101 Beneficial owner
Zhong Bai Ke Ji Shi Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Liu Li	2201 Interest of corporation controlled by you
Wan Shi Xing Da Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Cheng Yun Hang	2101 Beneficial owner
Zhongmei Energy International Limited	2101 Beneficial owner
He Nan Sheng Ren Min Zheng Fu	2201 Interest of corporation controlled by you
He Yu	2101 Beneficial owner
Sun Oxford Co., Limited	2101 Beneficial owner

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