Readboy Education Holding Co (HKSE:02385) Total Assets : HK$791.7 Mil (As of Dec. 2023)

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What is Readboy Education Holding Co Total Assets?

Readboy Education Holding Co's Total Assets for the quarter that ended in Dec. 2023 was HK$791.7 Mil.

During the past 12 months, Readboy Education Holding Co's average Total Assets Growth Rate was -19.20% per year. During the past 3 years, the average Total Assets Growth Rate was -5.20% per year.

During the past 5 years, Readboy Education Holding Co's highest 3-Year average Total Assets Growth Rate was 5.00%. The lowest was -5.20%. And the median was -0.10%.

Total Assets is connected with ROA %. Readboy Education Holding Co's annualized ROA % for the quarter that ended in Dec. 2023 was -9.13%. Total Assets is also linked to Revenue through Asset Turnover. Readboy Education Holding Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.32.

Readboy Education Holding Co Total Assets Historical Data

The historical data trend for Readboy Education Holding 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.

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Readboy Education Holding Co Total Assets Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

566.52

758.93

995.37

1,074.68

791.71

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			995.37	874.19	1,074.68	825.68	791.71

Readboy Education Holding 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.

Readboy Education Holding 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 )
	=	540.478	+	251.23
	=	791.7

Readboy Education Holding Co's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	540.478	+	251.23
	=	791.7

Readboy Education Holding Co (HKSE:02385) Total Assets Explanation

Total Assets is connected with ROA %.

Readboy Education Holding Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-73.806	/	( (825.684	+	791.708)	/ 2 )
	=	-73.806	/	808.696
	=	-9.13 %

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.

Readboy Education Holding Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	255.324	/	( (825.684	+	791.708)	/ 2 )
=	255.324	/	808.696
=	0.32

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.

Readboy Education Holding Co Total Assets Related Terms

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Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

Executives

Liu Zhilan	2101 Beneficial owner
Alpine Sky Limited	2101 Beneficial owner
Equiom Fiduciary Services (hong Kong) Limited	2301 Trustee
Kimlan Limited	2103 Interests held jointly with another person
Maples Trustee Services (cayman) Limited	2103 Interests held jointly with another person
Qin Shuguang	2201 Interest of corporation controlled by you
Sky Focus Holdings Limited	2103 Interests held jointly with another person
Trade Honour Holdings Limited	2101 Beneficial owner
Chen Zhiyong	2103 Interests held jointly with another person

Readboy Education Holding Co (HKSE:02385) Headlines

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