Shengjing Bank Co's Total Assets for the quarter that ended in Dec. 2023 was HK$1,181,339 Mil.
During the past 12 months, Shengjing Bank Co's average Total Assets Growth Rate was -2.70% per year.
During the past 3 years, the average Total Assets Growth Rate was -1.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 2.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 12.10% per year.
During the past 11 years, Shengjing Bank Co's highest 3-Year average Total Assets Growth Rate was 40.70%. The lowest was -1.10%. And the median was 6.30%.
The historical data trend for Shengjing Bank 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.
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.
Shengjing Bank 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.
Shengjing Bank Co (HKSE:02066) 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.
Shengjing Bank 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.
Shengjing Bank Co Total Assets Related Terms
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Shengjing Bank Co (HKSE:02066) Business Description
Shengjing Bank Co Ltd operates as a commercial bank. The company's services include personal banking, corporate finance services, and financial services. The operating business segments are Corporate Banking, Retail Banking, Treasury Business, and Others. It derives maximum revenue from the Corporate Banking segment which includes the provision of a range of financial products and services to corporations, government agencies, and financial institutions. Its products and services include corporate loans and advances, trade financing and deposit-taking activities, agency services, and remittance and settlement services.
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