Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) Total Assets : HK$1,236.2 Mil (As of Dec. 2023)

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What is Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Total Assets?

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Total Assets for the quarter that ended in Dec. 2023 was HK$1,236.2 Mil.

During the past 12 months, Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's average Total Assets Growth Rate was -5.70% per year. During the past 3 years, the average Total Assets Growth Rate was -2.40% per year. During the past 5 years, the average Total Assets Growth Rate was 3.40% per year.

During the past 9 years, Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's highest 3-Year average Total Assets Growth Rate was 12.30%. The lowest was -2.40%. And the median was 4.85%.

Total Assets is connected with ROA %. Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's annualized ROA % for the quarter that ended in Dec. 2023 was 2.06%. Total Assets is also linked to Revenue through Asset Turnover. Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Total Assets Historical Data

The historical data trend for Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co'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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Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Total Assets Chart

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,130.50

1,344.88

1,517.25

1,306.49

1,236.17

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial								1,517.25	1,491.74	1,306.49	1,204.98	1,236.17

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co 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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	880.644	+	355.527
	=	1,236.2

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co'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 )
	=	880.644	+	355.527
	=	1,236.2

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) Total Assets Explanation

Total Assets is connected with ROA %.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co'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 )
	=	25.172	/	( (1204.979	+	1236.171)	/ 2 )
	=	25.172	/	1220.575
	=	2.06 %

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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co'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 )
=	37.985	/	( (1204.979	+	1236.171)	/ 2 )
=	37.985	/	1220.575
=	0.03

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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Total Assets Related Terms

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Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Ltd (HKSE:01379) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianyangxia Village, Wenqiao Town, Zhejiang Province, Wenling, CHN

Website

https://www.cnglj.com

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Ltd is engaged in an established measuring and cutting tools trading centre operator in China. The principal activity and source of revenue of the group were primarily derived from the property leasing business through the operation of the Trading Centre for the measuring and cutting tools industry. The group also engages in real estate investment, development and management business through its material subsidiary, Wenling Sunrise Real Estate Development Co., Ltd.

Executives

Jia Xing Yuan Tai Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Xiang Gang Lei Gen Tou Zi Zhong Xin You Xian Gong Si	2101 Beneficial owner
Zhe Jiang Qian Jiang Mo Tuo Gu Fen You Xian Gong Si	2101 Beneficial owner
Wan Bang De Hang Zhou Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner
Zhe Jiang Zhong Ma Chuan Dong Gu Fen You Xian Gong Si	2101 Beneficial owner
Xin Jie Beng Ye Zhe Jiang You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Jie Beng Ye Xiang Gang You Xian Gong Si	2101 Beneficial owner
Wen Ling Long Xi Qi Ye Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Han Yi	2101 Beneficial owner

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