Infinity Development Holdings Company (HKSE:00640) Total Assets : HK$745.0 Mil (As of Sep. 2023)

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What is Infinity Development Holdings Company Total Assets?

Infinity Development Holdings Company's Total Assets for the quarter that ended in Sep. 2023 was HK$745.0 Mil.

During the past 12 months, Infinity Development Holdings Company's average Total Assets Growth Rate was -30.40% per year. During the past 3 years, the average Total Assets Growth Rate was -1.70% per year. During the past 5 years, the average Total Assets Growth Rate was -1.40% per year. During the past 10 years, the average Total Assets Growth Rate was 1.50% per year.

During the past 13 years, Infinity Development Holdings Company's highest 3-Year average Total Assets Growth Rate was 20.40%. The lowest was -2.40%. And the median was 5.95%.

Total Assets is connected with ROA %. Infinity Development Holdings Company's annualized ROA % for the quarter that ended in Sep. 2023 was 10.79%. Total Assets is also linked to Revenue through Asset Turnover. Infinity Development Holdings Company's Asset Turnover for the quarter that ended in Sep. 2023 was 0.43.

Infinity Development Holdings Company Total Assets Historical Data

The historical data trend for Infinity Development Holdings Company'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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Infinity Development Holdings Company Total Assets Chart

Infinity Development Holdings Company Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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533.56

591.81

595.24

697.62

745.00

Infinity Development Holdings Company Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															595.24	700.61	697.62	719.40	745.00

Infinity Development Holdings Company 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.

Infinity Development Holdings Company's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	513.42	+	231.575
	=	745.0

Infinity Development Holdings Company's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	513.42	+	231.575
	=	745.0

Infinity Development Holdings Company (HKSE:00640) Total Assets Explanation

Total Assets is connected with ROA %.

Infinity Development Holdings Company's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	79.03	/	( (719.396	+	744.995)	/ 2 )
	=	79.03	/	732.1955
	=	10.79 %

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

Infinity Development Holdings Company's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	313.094	/	( (719.396	+	744.995)	/ 2 )
=	313.094	/	732.1955
=	0.43

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.

Infinity Development Holdings Company Total Assets Related Terms

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Infinity Development Holdings Company (HKSE:00640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Infinity Development Holdings Company Ltd (HKSE:00640) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Andar A-D, Macau Finance Centre, Rua de Pequim No. 202A-246, Macau, MAC

Website

http://www.infinitydevelopment.com.hk

Infinity Development Holdings Company Ltd is an investment holding company. The company focuses on manufacturing and selling adhesives, primers, hardeners, vulcanized shoes, and adhesive related products for the footwear industry. Its geographical segments include China, Singapore, India, Regions of Hong Kong, Macau and Taiwan, Vietnam and Cambodia, Indonesia, and Bangladesh, of which the vast majority of its revenue is generated from Vietnam and Cambodia.

Infinity Development Holdings Company (HKSE:00640) Headlines

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