China Longevity Group Co's Total Assets for the quarter that ended in Dec. 2023 was HK$1,870 Mil.
Warning Sign:
If a company builds assets at 18% a year, faster than its revenue growth rate of 12.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, China Longevity Group Co's average Total Assets Growth Rate was 29.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 17.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 18.00% per year.
During the past 10 years, the average Total Assets Growth Rate was -0.70% per year.
During the past 13 years, China Longevity Group Co's highest 3-Year average Total Assets Growth Rate was 83.80%. The lowest was -29.30%. And the median was 5.60%.
* 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.
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 Longevity Group Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
China Longevity Group Co (HKSE:01863) Total Assets Explanation
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 Longevity Group Co's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
China Longevity Group Co Total Assets Related Terms
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China Longevity Group Co (HKSE:01863) Business Description
China Longevity Group Co Ltd is involved in the reinforced materials business. It engaged in designing, developing, manufacturing, and sale of polymer-processed polyester fabric composite materials, reinforced composite materials, conventional materials, and inflatable and waterproof products. Its products are used in various industries, such as outdoor leisure, sports, renewable energy, protection, construction, transportation, packaging, medical, safety, advertisement, and daily supplies. Geographically business presence of the firm can be seen across the region of China, USA, Russia, and other regions.
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