Weigang Environmental Technology Holding Group (HKSE:01845) Total Assets : HK$922.2 Mil (As of Dec. 2023)

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What is Weigang Environmental Technology Holding Group Total Assets?

Weigang Environmental Technology Holding Group's Total Assets for the quarter that ended in Dec. 2023 was HK$922.2 Mil.

During the past 12 months, Weigang Environmental Technology Holding Group's average Total Assets Growth Rate was 11.70% per year. During the past 3 years, the average Total Assets Growth Rate was -5.90% per year. During the past 5 years, the average Total Assets Growth Rate was 7.60% per year.

During the past 9 years, Weigang Environmental Technology Holding Group's highest 3-Year average Total Assets Growth Rate was 101.30%. The lowest was -5.90%. And the median was 45.20%.

Total Assets is connected with ROA %. Weigang Environmental Technology Holding Group's annualized ROA % for the quarter that ended in Dec. 2023 was 0.33%. Total Assets is also linked to Revenue through Asset Turnover. Weigang Environmental Technology Holding Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.21.

Weigang Environmental Technology Holding Group Total Assets Historical Data

The historical data trend for Weigang Environmental Technology Holding Group'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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Weigang Environmental Technology Holding Group Total Assets Chart

Weigang Environmental Technology Holding Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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892.46

1,112.79

1,057.96

830.82

922.23

Weigang Environmental Technology Holding Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial											1,057.96	950.50	830.82	787.70	922.23

Weigang Environmental Technology Holding Group 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.

Weigang Environmental Technology Holding Group'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 )
	=	577.318	+	344.909
	=	922.2

Weigang Environmental Technology Holding Group'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 )
	=	577.318	+	344.909
	=	922.2

Weigang Environmental Technology Holding Group (HKSE:01845) Total Assets Explanation

Total Assets is connected with ROA %.

Weigang Environmental Technology Holding Group'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 )
	=	2.85	/	( (787.7	+	922.227)	/ 2 )
	=	2.85	/	854.9635
	=	0.33 %

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.

Weigang Environmental Technology Holding Group'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 )
=	182.352	/	( (787.7	+	922.227)	/ 2 )
=	182.352	/	854.9635
=	0.21

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.

Weigang Environmental Technology Holding Group Total Assets Related Terms

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Weigang Environmental Technology Holding Group (HKSE:01845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Weigang Environmental Technology Holding Group Ltd (HKSE:01845) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 181 Science Boulevard, 14-15 Floor, Block A4, Guangdong Province, Guangzhou, CHN

Website

http://www.gzweigang.com

Weigang Environmental Technology Holding Group Ltd is a comprehensive hazardous waste incineration turnkey solution provider in China. The company focuses on the research, design, integration, and commissioning of solid waste treatment systems, for hazardous waste incineration. It has registered patents and has pending registration in the PRC relating to hazardous waste incineration technologies and also owns registered software copyrights in the PRC relating to the monitoring and control of hazardous waste incineration systems. The operating segments of the group are hazardous waste incineration solutions, oilfield auxiliary services and thermal desorption of oil sludge, cement plant parallel kiln cotreatment services and pyrolysis solid waste treatment solutions.

Executives

Zhang Weiyang	2201 Interest of corporation controlled by you
Weigang Green Technology Limited	2201 Interest of corporation controlled by you
Weigang Technology Limited	2101 Beneficial owner
Zhou Wenying	2202 Interest of your spouse
Dhw Holdings Limited	2101 Beneficial owner
Cai Zhuhua	2201 Interest of corporation controlled by you
Huang Ying	2202 Interest of your spouse

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