Postalvings Bank Of China Co (HKSE:01658) Total Assets : HK$17,201,457 Mil (As of Dec. 2023)

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What is Postalvings Bank Of China Co Total Assets?

Postalvings Bank Of China Co's Total Assets for the quarter that ended in Dec. 2023 was HK$17,201,457 Mil.

During the past 12 months, Postalvings Bank Of China Co's average Total Assets Growth Rate was 10.40% per year. During the past 3 years, the average Total Assets Growth Rate was 9.20% per year. During the past 5 years, the average Total Assets Growth Rate was 11.50% per year.

During the past 9 years, Postalvings Bank Of China Co's highest 3-Year average Total Assets Growth Rate was 14.60%. The lowest was 9.20%. And the median was 10.90%.

Total Assets is connected with ROA %. Postalvings Bank Of China Co's annualized ROA % for the quarter that ended in Dec. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Postalvings Bank Of China Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Postalvings Bank Of China Co Total Assets Historical Data

The historical data trend for Postalvings Bank Of China 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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Postalvings Bank Of China Co Total Assets Chart

Postalvings Bank Of China Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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11,368,647.36

13,458,529.12

15,413,439.71

15,709,140.85

17,201,456.93

Postalvings Bank Of China Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															15,709,140.85	16,541,360.23	16,428,875.15	17,201,456.93	-

Postalvings Bank Of China 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.

Postalvings Bank Of China 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 )
	=	1046326.383	+	16155130.549
	=	17,201,457

Postalvings Bank Of China 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 )
	=	1046326.383	+	16155130.549
	=	17,201,457

Postalvings Bank Of China Co (HKSE:01658) Total Assets Explanation

Total Assets is connected with ROA %.

Postalvings Bank Of China Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0	/	( (16428875.146	+	17201456.932)	/ 2 )
	=	0	/	16815166.039
	=	0.00 %

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

Postalvings Bank Of China Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (16428875.146	+	17201456.932)	/ 2 )
=	0	/	16815166.039
=	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.

Postalvings Bank Of China Co Total Assets Related Terms

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Postalvings Bank Of China Co (HKSE:01658) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Postal Savings Bank Of China Co Ltd (HKSE:01658) » Definitions » Total Assets

Traded in Other Exchanges

PSBKF:USA PSTVY:USA 3YB:Germany 601658:China

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wan Chai, Hong Kong, HKG

Website

https://www.psbc.com

Postal Savings Bank of China is headquartered in Beijing. The bank is the fifth-largest commercial bank in China by deposits. The bank was established in 2007 as the postal savings and remittance business of its parent, China Post Group. The bank completed its joint-stock reform in 2012. The bank got listed on Hong Kong and Shanghai stock exchanges in 2016 and 2019 respectively. It boasts over 500 million individual customers and more than 40,000 outlets, which are among the largest customer bases and distribution networks in China.

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