Town Ray Holdings (HKSE:01692) Total Assets : HK$647.9 Mil (As of Jun. 2024)

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What is Town Ray Holdings Total Assets?

Town Ray Holdings's Total Assets for the quarter that ended in Jun. 2024 was HK$647.9 Mil.

During the past 12 months, Town Ray Holdings's average Total Assets Growth Rate was 42.10% per year. During the past 3 years, the average Total Assets Growth Rate was 4.90% per year. During the past 5 years, the average Total Assets Growth Rate was 12.10% per year.

During the past 8 years, Town Ray Holdings's highest 3-Year average Total Assets Growth Rate was 28.60%. The lowest was -17.10%. And the median was 4.90%.

Total Assets is connected with ROA %. Town Ray Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was 17.25%. Total Assets is also linked to Revenue through Asset Turnover. Town Ray Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.54.

Town Ray Holdings Total Assets Historical Data

The historical data trend for Town Ray 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.

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Town Ray Holdings Total Assets Chart

Town Ray Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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469.61

474.89

608.48

581.85

477.35

Town Ray Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial									600.04	581.85	549.27	477.35	647.87

Town Ray 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.

Town Ray 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 )
	=	344.678	+	132.67
	=	477.3

Town Ray Holdings's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	337.637	+	310.23
	=	647.9

Town Ray Holdings (HKSE:01692) Total Assets Explanation

Total Assets is connected with ROA %.

Town Ray Holdings's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	97.066	/	( (477.348	+	647.867)	/ 2 )
	=	97.066	/	562.6075
	=	17.25 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Town Ray Holdings's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	301.933	/	( (477.348	+	647.867)	/ 2 )
=	301.933	/	562.6075
=	0.54

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.

Town Ray Holdings Total Assets Related Terms

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Town Ray Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Town Ray Holdings Ltd (HKSE:01692) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 403 Castle Peak Road-Kwai Chung, Workshop A, 25th Floor, Reason Group Tower, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.townray.com

Town Ray Holdings Ltd is a developer, designer, manufacturer, and supplier of electrothermic household appliances mainly to overseas markets. The electrothermic household products can be grouped into two categories, namely garment care appliances, including steam generator irons, garment steamers, and steam irons; and cooking appliances, including coffee machines, steam cooking appliances, and other cooking appliances. The company's products are mainly sold to overseas markets, including Germany, France, the United Kingdom, and the Netherlands.

Executives

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Chan Kam Kwong Charles
Cheng Yuk Sim Connie
Chan Ying Yuk Purple
Leung Yat Cheong Albert
Li Siu Lan
Lo Kam Wing Raymond

Town Ray Holdings Headlines

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