CAR (HKSE:00699) Total Assets : HK$14,348 Mil (As of Dec. 2020)

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What is CAR Total Assets?

CAR's Total Assets for the quarter that ended in Dec. 2020 was HK$14,348 Mil.

Total Assets is connected with ROA %. CAR's annualized ROA % for the quarter that ended in Dec. 2020 was 2.80%. Total Assets is also linked to Revenue through Asset Turnover. CAR's Asset Turnover for the quarter that ended in Dec. 2020 was 0.27.

CAR Total Assets Historical Data

The historical data trend for CAR'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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CAR Total Assets Chart

CAR Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Assets

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23,757.72

24,457.83

25,223.22

27,410.42

14,348.35

CAR Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Total Assets	Get a 7-Day Free Trial										25,223.22	26,574.85	27,410.42	15,195.21	14,348.35

CAR 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.

CAR's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	4749.401	+	9598.945
	=	14,348

CAR's Total Assets for the quarter that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2020 )	+	Total Liabilities (Q: Dec. 2020 )
	=	4749.401	+	9598.945
	=	14,348

CAR (HKSE:00699) Total Assets Explanation

Total Assets is connected with ROA %.

CAR's annualized ROA % for the quarter that ended in Dec. 2020 is

ROA %	=	Net Income (Q: Dec. 2020 )	/	( (Total Assets (Q: Jun. 2020 )	+	Total Assets (Q: Dec. 2020 ))	/ count )
	=	413.772	/	( (15195.212	+	14348.346)	/ 2 )
	=	413.772	/	14771.779
	=	2.80 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2020) 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.

CAR's Asset Turnover for the quarter that ended in Dec. 2020 is

	Asset Turnover
=	Revenue (Q: Dec. 2020 )	/	( (Total Assets (Q: Jun. 2020 )	+	Total Assets (Q: Dec. 2020 ))	/ count )
=	3989.588	/	( (15195.212	+	14348.346)	/ 2 )
=	3989.588	/	14771.779
=	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.

CAR Total Assets Related Terms

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CAR (HKSE:00699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CAR Inc (HKSE:00699) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

No. 2A Zhonghuan South Road, 3rd Floor, Block B, Lead International, Wangjing, Chaoyang District, Beijing, CHN, 100102

Website

https://www.zuche.com

CAR Inc is engaged in providing car rental services. Its businesses include the provision of long-term and short-term car rental services, finance lease and the sales of used rental vehicles, among others. The company is engaged in vehicle parking management, processing and manufacture of auto parts, the provision of auto repair services, as well as the provision of information technology (IT) services. It also offers other services including accident coverage packages, GPS ( Global Positioning System) navigation systems, 24/7 roadside assistance, and others.

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