A8 New Media Group's Total Assets for the quarter that ended in Dec. 2023 was HK$1,852.44 Mil.
During the past 12 months, A8 New Media Group's average Total Assets Growth Rate was -5.80% per year.
During the past 3 years, the average Total Assets Growth Rate was -10.30% per year.
During the past 5 years, the average Total Assets Growth Rate was -9.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 5.70% per year.
During the past 13 years, A8 New Media Group's highest 3-Year average Total Assets Growth Rate was 42.30%. The lowest was -10.30%. And the median was 16.55%.
The historical data trend for A8 New Media 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.
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.
A8 New Media Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
A8 New Media Group (HKSE:00800) Total Assets Explanation
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.
A8 New Media Group's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
A8 New Media Group Total Assets Related Terms
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A8 New Media Group (HKSE:00800) Business Description
A8 New Media Group Ltd is an investment holding company. It is organized into business units based on their services and has two reportable operating segments as follows: the cultural business segment engages in the provision of music-based entertainment, film and television production and game-related services in the People's Republic of China, and the Property Investment segment invests in properties for rental and management fee income in the People's Republic of China. Majority of the revenue derives from Property Investment segment.
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