Wang On Group (HKSE:01222) Total Assets : HK$17,583 Mil (As of Mar. 2024)

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What is Wang On Group Total Assets?

Wang On Group's Total Assets for the quarter that ended in Mar. 2024 was HK$17,583 Mil.

During the past 12 months, Wang On Group's average Total Assets Growth Rate was -2.00% per year. During the past 3 years, the average Total Assets Growth Rate was -3.20% per year. During the past 5 years, the average Total Assets Growth Rate was 2.90% per year. During the past 10 years, the average Total Assets Growth Rate was 14.60% per year.

During the past 13 years, Wang On Group's highest 3-Year average Total Assets Growth Rate was 59.90%. The lowest was -3.20%. And the median was 26.00%.

Total Assets is connected with ROA %. Wang On Group's annualized ROA % for the quarter that ended in Mar. 2024 was -9.60%. Total Assets is also linked to Revenue through Asset Turnover. Wang On Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Wang On Group Total Assets Historical Data

The historical data trend for Wang On 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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Wang On Group Total Assets Chart

Wang On Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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19,088.84

20,445.91

20,056.45

18,387.07

17,582.65

Wang On Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Total Assets	Get a 7-Day Free Trial															18,693.06	18,387.07	18,464.00	17,582.65	16,132.03

Wang On 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.

Wang On Group's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	8119.01	+	9463.635
	=	17,583

Wang On Group's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	8119.01	+	9463.635
	=	17,583

Wang On Group (HKSE:01222) Total Assets Explanation

Total Assets is connected with ROA %.

Wang On Group's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-1729.63	/	( (18463.996	+	17582.645)	/ 2 )
	=	-1729.63	/	18023.3205
	=	-9.60 %

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

Wang On Group's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	847.115	/	( (18463.996	+	17582.645)	/ 2 )
=	847.115	/	18023.3205
=	0.05

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.

Wang On Group Total Assets Related Terms

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Wang On Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wang On Group Ltd (HKSE:01222) » Definitions » Total Assets

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WON1:Germany

Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.wangon.com

Wang On Group Ltd is an investment holding company engaged in property development businesses. It operates in five business segments. The Property Development segment is engaged in the development of properties. The Property Investment segment is engaged in investment in industrial and commercial premises and residential units for rental or for sale. The Fresh markets segment is engaged in the management and sub-licensing of fresh markets and butchery business. The Pharmaceutical segment engages in the production and sale of pharmaceutical and health food products. The Treasury management segment engages in the provision of finance and investments in debt and other securities which earn interest income.

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