China Nature Energy Technology Holdings (HKSE:01597) Total Assets : HK$566.9 Mil (As of Dec. 2023)

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What is China Nature Energy Technology Holdings Total Assets?

China Nature Energy Technology Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$566.9 Mil.

Warning Sign:

If a company builds assets at 13.6% a year, faster than its revenue growth rate of 8.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, China Nature Energy Technology Holdings's average Total Assets Growth Rate was 13.90% per year. During the past 3 years, the average Total Assets Growth Rate was 0.10% per year. During the past 5 years, the average Total Assets Growth Rate was 13.60% per year.

During the past 7 years, China Nature Energy Technology Holdings's highest 3-Year average Total Assets Growth Rate was 30.00%. The lowest was 0.10%. And the median was 21.20%.

Total Assets is connected with ROA %. China Nature Energy Technology 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. China Nature Energy Technology Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.31.

China Nature Energy Technology Holdings Total Assets Historical Data

The historical data trend for China Nature Energy Technology 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.

China Nature Energy Technology Holdings Total Assets Chart

China Nature Energy Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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337.37

648.94

617.64

493.28

566.95

China Nature Energy Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial						617.64	553.93	493.28	550.89	566.95

China Nature Energy Technology 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.

China Nature Energy Technology 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 )
	=	286.082	+	280.866
	=	566.9

China Nature Energy Technology 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 )
	=	286.082	+	280.866
	=	566.9

China Nature Energy Technology Holdings (HKSE:01597) Total Assets Explanation

Total Assets is connected with ROA %.

China Nature Energy Technology 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 )
	=	-12.528	/	( (550.891	+	566.948)	/ 2 )
	=	-12.528	/	558.9195
	=	-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.

China Nature Energy Technology 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 )
=	175.299	/	( (550.891	+	566.948)	/ 2 )
=	175.299	/	558.9195
=	0.31

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.

China Nature Energy Technology Holdings Total Assets Related Terms

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China Nature Energy Technology Holdings (HKSE:01597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Nature Energy Technology Holdings Ltd (HKSE:01597) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building A, Standard Factory Phase II, Runzhou Road, Huishan Industrial Transformation Park, Jiangsu Province, Wuxi, CHN

Website

www.jyhyne.com

China Nature Energy Technology Holdings Ltd is engaged in the integration, manufacturing, and sales of pitch control systems and related components, wind power generation, wind farm operation, maintenance business, and provision of wind energy-related consultancy services in the People's Republic of China. Its segments include Sales of pitch control systems and related components; Sales of wind power; Wind farm operation and maintenance business; and Provision of wind energy-related consultancy services. It derives a majority of the revenue from research and development, integration, manufacturing, and sale of pitch control systems and related components in wind turbine manufacturing.

Executives

Cheng Liquan Richard	2201 Interest of corporation controlled by you
Hongyuan Company Limited	2101 Beneficial owner
Zhou Xuan	2202 Interest of your spouse

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