China Anchu Energy Storage Group (HKSE:02399) Total Assets : HK$1,887.3 Mil (As of Dec. 2023)

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What is China Anchu Energy Storage Group Total Assets?

China Anchu Energy Storage Group's Total Assets for the quarter that ended in Dec. 2023 was HK$1,887.3 Mil.

During the past 12 months, China Anchu Energy Storage Group's average Total Assets Growth Rate was 26.30% per year. During the past 3 years, the average Total Assets Growth Rate was 14.80% per year. During the past 5 years, the average Total Assets Growth Rate was -1.20% per year. During the past 10 years, the average Total Assets Growth Rate was -3.10% per year.

During the past 11 years, China Anchu Energy Storage Group's highest 3-Year average Total Assets Growth Rate was 14.80%. The lowest was -17.10%. And the median was -1.00%.

Total Assets is connected with ROA %. China Anchu Energy Storage Group's annualized ROA % for the quarter that ended in Dec. 2023 was -1.49%. Total Assets is also linked to Revenue through Asset Turnover. China Anchu Energy Storage Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.

China Anchu Energy Storage Group Total Assets Historical Data

The historical data trend for China Anchu Energy Storage 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 Anchu Energy Storage Group Total Assets Chart

China Anchu Energy Storage Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,996.67

1,429.45

1,367.05

1,489.31

1,887.31

China Anchu Energy Storage Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															1,367.05	1,493.07	1,489.31	1,695.38	1,887.31

China Anchu Energy Storage 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 Anchu Energy Storage Group'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 )
	=	750.792	+	1136.519
	=	1,887.3

China Anchu Energy Storage Group'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 )
	=	750.792	+	1136.519
	=	1,887.3

China Anchu Energy Storage Group (HKSE:02399) Total Assets Explanation

Total Assets is connected with ROA %.

China Anchu Energy Storage Group'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 )
	=	-26.736	/	( (1695.376	+	1887.311)	/ 2 )
	=	-26.736	/	1791.3435
	=	-1.49 %

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.

China Anchu Energy Storage Group'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 )
=	358.785	/	( (1695.376	+	1887.311)	/ 2 )
=	358.785	/	1791.3435
=	0.20

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 Anchu Energy Storage Group Total Assets Related Terms

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China Anchu Energy Storage Group (HKSE:02399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Anchu Energy Storage Group Ltd (HKSE:02399) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fordoo Industrial Zone E12, Xunmei Industrial Zone, Fengze District, Fujian Province, Quanzhou, CHN

Website

https://www.fordoo.cn

China Anchu Energy Storage Group Ltd formerly China Fordoo Holdings Ltd is engaged in the sales of menswear apparel and brand licensing. It is also involved in the sales of industrial products to customers located in Saudi Arabia. The segments of the group are Menswear Apparel and Industrial Products. In the Menswear apparel division, the company offers Men's trousers, Men's tops and Accessories. The principal place of the group's operation is in PRC.

Executives

Wang Xiu Hua	2101 Beneficial owner
Everkept Limited	2101 Beneficial owner
Kwok Kin Sun	2201 Interest of corporation controlled by you
Wong Tung Yam	2201 Interest of corporation controlled by you
Donghai International Financial Holdings Company Limited	2106 Person having a security interest in shares
Cheng Cong	2201 Interest of corporation controlled by you
Dong Hai Zheng Quan Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Jpmorgan Chase & Co.
Equal Plus Limited	2101 Beneficial owner
Kwok Hon Fung	2201 Interest of corporation controlled by you
Asia Glory International Development Limited	2101 Beneficial owner
Chen Huiru	2201 Interest of corporation controlled by you
True Faith Ventures Limited	2101 Beneficial owner
Lu Ke	2101 Beneficial owner

China Anchu Energy Storage Group (HKSE:02399) Headlines

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