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Folangsi Co (HKSE:02499) Total Assets : HK$3,443 Mil (As of Dec. 2023)


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What is Folangsi Co Total Assets?

Folangsi Co's Total Assets for the quarter that ended in Dec. 2023 was HK$3,443 Mil.

During the past 12 months, Folangsi Co's average Total Assets Growth Rate was 13.60% per year. During the past 3 years, the average Total Assets Growth Rate was 9.70% per year.

During the past 4 years, Folangsi Co's highest 3-Year average Total Assets Growth Rate was 9.70%. The lowest was 9.70%. And the median was 9.70%.

Total Assets is connected with ROA %. Folangsi Co's annualized ROA % for the quarter that ended in Dec. 2023 was 1.06%. Total Assets is also linked to Revenue through Asset Turnover. Folangsi Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.47.

Folangsi Co Total Assets Historical Data

The historical data trend for Folangsi 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.

Folangsi Co Total Assets Chart

Folangsi Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
2,578.43 3,133.58 2,973.24 3,442.97

Folangsi Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Total Assets 2,578.43 3,133.58 2,973.24 3,442.97

Folangsi 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.

Folangsi 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 )
=1177.769+2265.196
=3,443

Folangsi 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 )
=1177.769+2265.196
=3,443

* 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.

Folangsi Co  (HKSE:02499) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=34.148/( (2973.242+3442.965)/ 2 )
=34.148/3208.1035
=1.06 %

Note: The Net Income data used here is one times the 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.

Folangsi Co's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=1500.451/( (2973.242+3442.965)/ 2 )
=1500.451/3208.1035
=0.47

* 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.

Folangsi Co Total Assets Related Terms

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Folangsi Co (HKSE:02499) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440
Website
https://www.fls123.com
Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.
Executives
Hou Zebing
Hou Zekuan
Guangzhou Daze Investment Partnership (limited Partnership)
Yin Junping 2201 Interest of corporation controlled by you
Shenzhen Xinyu Equity Investment Enterprise (limited Partnership)
Zhang Gaozhao
Li Yan 2201 Interest of corporation controlled by you
Shang Hai Ding Man Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Ding Xiao Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Ding Ji Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Zhong Ding Chuang Ye Er Hao Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner

Folangsi Co (HKSE:02499) Headlines

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