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China Carbon Neutral Development Group's Total Assets for the quarter that ended in Dec. 2023 was HK$492.3 Mil.
During the past 12 months, China Carbon Neutral Development Group's average Total Assets Growth Rate was -41.40% per year. During the past 3 years, the average Total Assets Growth Rate was -17.00% per year. During the past 5 years, the average Total Assets Growth Rate was -3.20% per year. During the past 10 years, the average Total Assets Growth Rate was -9.20% per year.
During the past 12 years, China Carbon Neutral Development Group's highest 3-Year average Total Assets Growth Rate was 102.50%. The lowest was -56.10%. And the median was -14.10%.
Total Assets is connected with ROA %. China Carbon Neutral Development Group's annualized ROA % for the quarter that ended in Dec. 2023 was 13.64%. Total Assets is also linked to Revenue through Asset Turnover. China Carbon Neutral Development Group's Asset Turnover for the quarter that ended in Dec. 2023 was 1.08.
The historical data trend for China Carbon Neutral Development 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.
China Carbon Neutral Development Group Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Jun24 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 255.82 | 484.82 | 314.54 | 492.27 | 364.26 |
China Carbon Neutral Development Group Semi-Annual Data | ||||||||||||||||||||
Mar14 | Sep14 | Mar15 | Sep15 | Mar16 | Sep16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Total Assets | Get a 7-Day Free Trial | 484.82 | 542.75 | 314.54 | 314.23 | 492.27 |
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 Carbon Neutral Development Group's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as
Total Assets | = | Total Equity (A: Jun. 2024 ) | + | Total Liabilities (A: Jun. 2024 ) |
= | -1.398 | + | 365.654 | |
= | 364.3 |
China Carbon Neutral Development Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (Q: Dec. 2023 ) | + | Total Liabilities (Q: Dec. 2023 ) |
= | 123.186 | + | 369.08 | |
= | 492.3 |
* 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.
China Carbon Neutral Development Group (HKSE:01372) Total Assets Explanation
Total Assets is connected with ROA %.
China Carbon Neutral Development Group's annualized ROA % for the quarter that ended in Dec. 2023 is
ROA % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 55.014 | / | ( (314.226 | + | 492.266) | / 2 ) | |
= | 55.014 | / | 403.246 | ||||
= | 13.64 % |
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.
China Carbon Neutral Development Group's Asset Turnover for the quarter that ended in Dec. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 435.361 | / | ( (314.226 | + | 492.266) | / 2 ) |
= | 435.361 | / | 403.246 | |||
= | 1.08 |
* 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.
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