Industrial And Commercial Bank Of China (HKSE:01398) Total Assets : HK$53,244,102 Mil (As of Sep. 2024)

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What is Industrial And Commercial Bank Of China Total Assets?

Industrial And Commercial Bank Of China's Total Assets for the quarter that ended in Sep. 2024 was HK$53,244,102 Mil.

During the past 12 months, Industrial And Commercial Bank Of China's average Total Assets Growth Rate was 9.00% per year. During the past 3 years, the average Total Assets Growth Rate was 11.50% per year. During the past 5 years, the average Total Assets Growth Rate was 11.10% per year. During the past 10 years, the average Total Assets Growth Rate was 8.70% per year.

During the past 13 years, Industrial And Commercial Bank Of China's highest 3-Year average Total Assets Growth Rate was 23.60%. The lowest was 2.70%. And the median was 11.00%.

Total Assets is connected with ROA %. Industrial And Commercial Bank Of China's annualized ROA % for the quarter that ended in Sep. 2024 was 0.84%. Total Assets is also linked to Revenue through Asset Turnover. Industrial And Commercial Bank Of China's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Industrial And Commercial Bank Of China Total Assets Historical Data

The historical data trend for Industrial And Commercial Bank Of China'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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Industrial And Commercial Bank Of China Total Assets Chart

Industrial And Commercial Bank Of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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33,504,297.77

39,528,321.86

43,066,210.73

44,233,233.02

48,888,721.27

Industrial And Commercial Bank Of China Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															47,716,984.32	48,888,721.27	51,707,979.06	50,722,999.73	53,244,102.49

Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China'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 )
	=	4130752.215	+	44757969.05
	=	48,888,721

Industrial And Commercial Bank Of China's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	4318607.674	+	48925494.814
	=	53,244,102

Industrial And Commercial Bank Of China (HKSE:01398) Total Assets Explanation

Total Assets is connected with ROA %.

Industrial And Commercial Bank Of China's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	434067.484	/	( (50722999.733	+	53244102.488)	/ 2 )
	=	434067.484	/	51983551.1105
	=	0.84 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Industrial And Commercial Bank Of China's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	225398.387	/	( (50722999.733	+	53244102.488)	/ 2 )
=	225398.387	/	51983551.1105
=	0.00

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.

Industrial And Commercial Bank Of China Total Assets Related Terms

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Industrial And Commercial Bank Of China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (HKSE:01398) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

IDCBY:USA IDCBF:USA ICK:Germany 601398:China ICK:Austria

Address

3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG

Website

https://www.icbc-ltd.com

ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 413 outlets are located in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively; and 44%, 36%, and 18% of profit before tax in 2023. Overseas banking and other business contributed 12% of total revenue and 9% of profit before tax in 2023.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Ping An Asset Management Co., Ltd.	2102 Investment manager
Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui	2101 Beneficial owner
Temasek Holdings (private) Limited	2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ping An Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
Tai Ping Ren Shou Bao Xian You Xian Gong Si	2101 Beneficial owner
Tai Ping Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
China Taiping Insurance Holdings Company Limited	2201 Interest of corporation controlled by you
Zhong Guo Tai Ping Bao Xian Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Ping An Life Insurance Company Of China, Ltd.	2101 Beneficial owner

Industrial And Commercial Bank Of China Headlines

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