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Meihao Medical Group Co (HKSE:01947) Total Assets : HK$241.60 Mil (As of Jun. 2024)


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What is Meihao Medical Group Co Total Assets?

Meihao Medical Group Co's Total Assets for the quarter that ended in Jun. 2024 was HK$241.60 Mil.

During the past 12 months, Meihao Medical Group Co's average Total Assets Growth Rate was -6.20% per year. During the past 3 years, the average Total Assets Growth Rate was 20.80% per year.

During the past 5 years, Meihao Medical Group Co's highest 3-Year average Total Assets Growth Rate was 46.60%. The lowest was 20.80%. And the median was 33.70%.

Total Assets is connected with ROA %. Meihao Medical Group Co's annualized ROA % for the quarter that ended in Jun. 2024 was -13.09%. Total Assets is also linked to Revenue through Asset Turnover. Meihao Medical Group Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.15.


Meihao Medical Group Co Total Assets Historical Data

The historical data trend for Meihao Medical Group 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.

* Premium members only.

Meihao Medical Group Co Total Assets Chart

Meihao Medical Group Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
110.29 116.61 163.92 282.21 254.22

Meihao Medical Group Co Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial - 282.21 269.86 254.22 241.60

Meihao Medical Group 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.

Meihao Medical Group 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 )
=181.07+73.154
=254.22

Meihao Medical Group Co'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 )
=164.368+77.237
=241.61

* 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.


Meihao Medical Group Co  (HKSE:01947) Total Assets Explanation

Total Assets is connected with ROA %.

Meihao Medical Group Co'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 )
=-32.456/( (254.224+241.604)/ 2 )
=-32.456/247.914
=-13.09 %

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.

Meihao Medical Group Co'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 )
=36.384/( (254.224+241.604)/ 2 )
=36.384/247.914
=0.15

* 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.

Meihao Medical Group Co Total Assets Related Terms

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Meihao Medical Group Co Business Description

Traded in Other Exchanges
N/A
Address
197 Fuqian Street, Lucheng District, Zhejiang Province, Wenzhou, CHN
Meihao Medical Group Co Ltd is a dental service provider in Wenzhou. It offers services to individuals and covers principally four dental sectors: general dentistry, reparative dentistry, implant dentistry, orthodontics, and cosmetic dentistry.
Executives
Wang Xiaomin
Jtc (china) Co., Ltd 2101 Beneficial owner
Ze Tian Sen Hong You Xian Gong Si 2301 Trustee
Zheng Man
Jian Chi Kang Zhong Guo You Xian Gong Si 2101 Beneficial owner
Mei Hao Zhong Guo You Xian Gong Si 2101 Beneficial owner
Rui Kang Zhong Guo You Xian Gong Si 2101 Beneficial owner

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