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Ritamix Global (HKSE:01936) Total Assets : HK$293.8 Mil (As of Jun. 2024)


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What is Ritamix Global Total Assets?

Ritamix Global's Total Assets for the quarter that ended in Jun. 2024 was HK$293.8 Mil.

During the past 12 months, Ritamix Global's average Total Assets Growth Rate was 11.10% per year. During the past 3 years, the average Total Assets Growth Rate was -3.70% per year.

During the past 7 years, Ritamix Global's highest 3-Year average Total Assets Growth Rate was 10.30%. The lowest was -3.70%. And the median was -0.55%.

Total Assets is connected with ROA %. Ritamix Global's annualized ROA % for the quarter that ended in Jun. 2024 was 5.24%. Total Assets is also linked to Revenue through Asset Turnover. Ritamix Global's Asset Turnover for the quarter that ended in Jun. 2024 was 0.34.

Ritamix Global Total Assets Historical Data

The historical data trend for Ritamix Global'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.

Ritamix Global Total Assets Chart

Ritamix Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 180.29 284.91 284.97 280.98 285.89

Ritamix Global Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 288.00 280.98 280.56 285.89 293.80

Ritamix Global 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.

Ritamix Global'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 )
=268.531+17.355
=285.9

Ritamix Global'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 )
=272.971+20.827
=293.8

* 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.

Ritamix Global  (HKSE:01936) Total Assets Explanation

Total Assets is connected with ROA %.

Ritamix Global'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 )
=15.174/( (285.886+293.798)/ 2 )
=15.174/289.842
=5.24 %

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.

Ritamix Global'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 )
=98.894/( (285.886+293.798)/ 2 )
=98.894/289.842
=0.34

* 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.

Ritamix Global Total Assets Related Terms

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Ritamix Global Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ritamix Global Ltd (HKSE:01936) » Definitions » Total Assets
Comparable Companies
HKSE:01084 HKSE:01431 HKSE:02425 HKSE:00875 HKSE:00197 HKSE:00682 HKSE:01432 ADM SZSE:002714 SZSE:300498 SHSE:600438 TSN BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN XKLS:2445 XKLS:4065 BKK:CPF
Traded in Other Exchanges
N/A
Address
No. 7, Jalan TP 7, UEP Industrial Park, Shah Alam, SGR, MYS, 40400
Website
https://www.ritamix-global.com
Ritamix Global Ltd is engaged in the distribution of animal feed additives and, human food ingredients; and the manufacturing of animal feed additives premixes. The company offers a wide range of animal feed additives including amino acids, vitamins, minerals, enzymes, and photogenic ingredients produced by chemical and feed ingredients companies of international brand names. It has diversified its product portfolio to include human food ingredients such as baking soda, minerals, hydrocolloids, emulsifiers, and vitamins. Its operating segments include the Animal feed additives products segment: manufacturing and distribution of animal feed additives products; and the Human food ingredient products segment: distribution of human food ingredient products.
Executives
Garry-worth Investment Limited
Lee Haw Hann
Lee Haw Shyang
Lee Haw Yih
Yaw Sook Kean
Yee Mei Loon
Voon Sze Lin
Warrants Capital Ltd
Lim Ee Min

Ritamix Global Headlines

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