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Frontage Holdings (HKSE:01521) Total Assets : HK$4,466 Mil (As of Dec. 2023)


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What is Frontage Holdings Total Assets?

Frontage Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$4,466 Mil.

Warning Sign:

If a company builds assets at 56.6% a year, faster than its revenue growth rate of 26.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Frontage Holdings's average Total Assets Growth Rate was 12.80% per year. During the past 3 years, the average Total Assets Growth Rate was 45.80% per year. During the past 5 years, the average Total Assets Growth Rate was 56.60% per year.

During the past 8 years, Frontage Holdings's highest 3-Year average Total Assets Growth Rate was 74.70%. The lowest was 40.00%. And the median was 46.70%.

Total Assets is connected with ROA %. Frontage Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 2.24%. Total Assets is also linked to Revenue through Asset Turnover. Frontage Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.24.


Frontage Holdings Total Assets Historical Data

The historical data trend for Frontage Holdings'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.

* Premium members only.

Frontage Holdings Total Assets Chart

Frontage Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 2,460.51 2,966.76 3,711.09 4,286.60 4,466.18

Frontage Holdings Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,711.09 3,868.45 4,286.60 4,206.70 4,466.18

Frontage Holdings 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.

Frontage Holdings'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 )
=2695.529+1770.653
=4,466

Frontage Holdings'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 )
=2695.529+1770.653
=4,466

* 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.


Frontage Holdings  (HKSE:01521) Total Assets Explanation

Total Assets is connected with ROA %.

Frontage Holdings'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 )
=97.092/( (4206.697+4466.183)/ 2 )
=97.092/4336.44
=2.24 %

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.

Frontage Holdings'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 )
=1026.981/( (4206.697+4466.183)/ 2 )
=1026.981/4336.44
=0.24

* 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.

Frontage Holdings Total Assets Related Terms

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Frontage Holdings (HKSE:01521) Business Description

Traded in Other Exchanges
Address
700 Pennsylvania Drive, Exton, PA, USA, 19341
Frontage Holdings Corp is a contract research organization providing integrated, scientifically driven research, analytical and development services. Geographically the group operates in both PRC and North America. The services provided in the North American segment, include Bioanalytical, CMC, DMPK and Safety and Toxicology services in the USA and Canada. The service offered in PRC includes Bioanalytical, Bioequivalence and CMC services in the PRC. Further, it also provides bioanalytical services, which are offered throughout the drug discovery and development process both in the United States and China.

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