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China General Education Group (HKSE:02175) Total Assets : HK$2,256.1 Mil (As of Feb. 2022)


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What is China General Education Group Total Assets?

China General Education Group's Total Assets for the quarter that ended in Feb. 2022 was HK$2,256.1 Mil.

Total Assets is connected with ROA %. China General Education Group's annualized ROA % for the quarter that ended in Feb. 2022 was 7.06%. Total Assets is also linked to Revenue through Asset Turnover. China General Education Group's Asset Turnover for the quarter that ended in Feb. 2022 was 0.09.

China General Education Group Total Assets Historical Data

The historical data trend for China General Education 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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China General Education Group Total Assets Chart

China General Education Group Annual Data
Trend Aug18 Aug19 Aug20 Aug21
Total Assets
1,267.02 1,382.50 1,311.57 2,265.73

China General Education Group Semi-Annual Data
Aug18 Aug19 Aug20 Feb21 Aug21 Feb22
Total Assets Get a 7-Day Free Trial 1,382.50 1,311.57 - 2,265.73 2,256.07

China General Education 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.

China General Education Group's Total Assets for the fiscal year that ended in Aug. 2021 is calculated as

Total Assets=Total Equity (A: Aug. 2021 )+Total Liabilities (A: Aug. 2021 )
=1891.677+374.052
=2,265.7

China General Education Group's Total Assets for the quarter that ended in Feb. 2022 is calculated as

Total Assets=Total Equity (Q: Feb. 2022 )+Total Liabilities (Q: Feb. 2022 )
=1976.128+279.938
=2,256.1

* 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 General Education Group  (HKSE:02175) Total Assets Explanation

Total Assets is connected with ROA %.

China General Education Group's annualized ROA % for the quarter that ended in Feb. 2022 is

ROA %=Net Income (Q: Feb. 2022 )/( (Total Assets (Q: Aug. 2021 )+Total Assets (Q: Feb. 2022 ))/ count )
=159.564/( (2265.729+2256.066)/ 2 )
=159.564/2260.8975
=7.06 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2022) 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 General Education Group's Asset Turnover for the quarter that ended in Feb. 2022 is

Asset Turnover
=Revenue (Q: Feb. 2022 )/( (Total Assets (Q: Aug. 2021 )+Total Assets (Q: Feb. 2022 ))/ count )
=209.559/( (2265.729+2256.066)/ 2 )
=209.559/2260.8975
=0.09

* 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 General Education Group Total Assets Related Terms

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China General Education Group (HKSE:02175) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China General Education Group Ltd (HKSE:02175) » Definitions » Total Assets
Comparable Companies
HKSE:02779 HKSE:06913 HKSE:01593 HKSE:01569 HKSE:00382 HKSE:01969 HKSE:01773 HKSE:01525 HKSE:01756 HKSE:09616 SZSE:002607 ASX:IEL GHC LOPE HMHC TAL CHGG COUR YUMM LAUR
Traded in Other Exchanges
N/A
Address
No. 99 Wucheng South Road, Xiaodian District, Shanxi Province, Taiyuan, CHN
Website
http://www.chinageg.cn
China General Education Group Ltd is principally engaged in the provision of higher education services. The company operates one college, Shanxi Technology and Business College, in which it offers bachelor's degree programs in a total of around 39 majors including three concentrations to undergraduate students including accounting, auditing, civil engineering and business administration.

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