China Pipe Group (HKSE:00380) Total Assets : HK$973.1 Mil (As of Jun. 2024)

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What is China Pipe Group Total Assets?

China Pipe Group's Total Assets for the quarter that ended in Jun. 2024 was HK$973.1 Mil.

During the past 12 months, China Pipe Group's average Total Assets Growth Rate was -3.70% per year. During the past 3 years, the average Total Assets Growth Rate was 4.80% per year. During the past 5 years, the average Total Assets Growth Rate was 5.50% per year. During the past 10 years, the average Total Assets Growth Rate was 7.90% per year.

During the past 13 years, China Pipe Group's highest 3-Year average Total Assets Growth Rate was 29.20%. The lowest was -24.70%. And the median was 5.00%.

Total Assets is connected with ROA %. China Pipe Group's annualized ROA % for the quarter that ended in Jun. 2024 was 7.78%. Total Assets is also linked to Revenue through Asset Turnover. China Pipe Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.39.

China Pipe Group Total Assets Historical Data

The historical data trend for China Pipe 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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China Pipe Group Total Assets Chart

China Pipe Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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816.56

901.63

902.37

950.13

1,036.84

China Pipe Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Assets	Get a 7-Day Free Trial															902.37	951.36	950.13	973.12	1,036.84

China Pipe 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.

China Pipe 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 )
	=	729.781	+	220.348
	=	950.1

China Pipe Group's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	767.01	+	206.111
	=	973.1

China Pipe Group (HKSE:00380) Total Assets Explanation

Total Assets is connected with ROA %.

China Pipe Group's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	74.796	/	( (950.129	+	973.121)	/ 2 )
	=	74.796	/	961.625
	=	7.78 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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 Pipe Group's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	374.299	/	( (950.129	+	973.121)	/ 2 )
=	374.299	/	961.625
=	0.39

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 Pipe Group Total Assets Related Terms

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China Pipe Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Pipe Group Ltd (HKSE:00380) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

193 Prince Edward Road West, Tower II, Unit 1010-1016, Level 10, Grand Century Place, Mongkok, Kowloon, Hong Kong, HKG

Website

http://www.softpower.hk

China Pipe Group Ltd is principally engaged in the trading of construction materials, mainly pipes, and fittings. It is engaged in the segment of Trading of pipes and fittings. It includes wholesale, retail, and logistics operations substantially in Hong Kong and Macau. The company derives revenue from Hong Kong, Macau, and Mainland China, of which prime revenue is derived from Hong Kong.

Executives

Lai Guanglin	2101 Beneficial owner
Singapore Zhongxin Investment Company Limited	2101 Beneficial owner
Li Juan	2202 Interest of your spouse
Lai Guanglin	2201 Interest of corporation controlled by you
Qu Zhi	2101 Beneficial owner

China Pipe Group Headlines

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