Wah Sun Handbags International Holdings (HKSE:02683) Total Assets : HK$412.4 Mil (As of Sep. 2023)

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What is Wah Sun Handbags International Holdings Total Assets?

Wah Sun Handbags International Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$412.4 Mil.

During the past 12 months, Wah Sun Handbags International Holdings's average Total Assets Growth Rate was -5.50% per year. During the past 3 years, the average Total Assets Growth Rate was -4.10% per year. During the past 5 years, the average Total Assets Growth Rate was -4.40% per year.

During the past 9 years, Wah Sun Handbags International Holdings's highest 3-Year average Total Assets Growth Rate was 29.30%. The lowest was -8.70%. And the median was 3.00%.

Total Assets is connected with ROA %. Wah Sun Handbags International Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 10.52%. Total Assets is also linked to Revenue through Asset Turnover. Wah Sun Handbags International Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.84.

Wah Sun Handbags International Holdings Total Assets Historical Data

The historical data trend for Wah Sun Handbags International Holdings'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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Wah Sun Handbags International Holdings Total Assets Chart

Wah Sun Handbags International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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487.04

401.66

374.15

416.99

382.38

Wah Sun Handbags International Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial											439.28	416.99	411.50	382.38	412.38

Wah Sun Handbags International Holdings 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.

Wah Sun Handbags International Holdings's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	244.557	+	137.82
	=	382.4

Wah Sun Handbags International Holdings's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	260.854	+	151.524
	=	412.4

Wah Sun Handbags International Holdings (HKSE:02683) Total Assets Explanation

Total Assets is connected with ROA %.

Wah Sun Handbags International Holdings's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	41.814	/	( (382.377	+	412.378)	/ 2 )
	=	41.814	/	397.3775
	=	10.52 %

Note: The Net Income data used here is two times the semi-annual (Sep. 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.

Wah Sun Handbags International Holdings's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	334.472	/	( (382.377	+	412.378)	/ 2 )
=	334.472	/	397.3775
=	0.84

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.

Wah Sun Handbags International Holdings Total Assets Related Terms

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Wah Sun Handbags International Holdings (HKSE:02683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wah Sun Handbags International Holdings Ltd (HKSE:02683) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-32 Au Pui Wan Street, Room 9, 6th Floor. Wah Yiu Industrial Centre, Fo Tan, Shatin, New Territories, Hong Kong, HKG

Website

http://www.wahsun.com.hk

Wah Sun Handbags International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of handbag products. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Spain and Other countries. Its non-leather handbags are made of materials such as PU, PVC and various types of textile materials, which are mainly mass market and middle-end priced products.

Executives

Wah Sun International Holdings Limited	2101 Beneficial owner
Chan Sim Kuen	2202 Interest of your spouse
Ma Hing Man	2201 Interest of corporation controlled by you
Ma Hing Ming	2201 Interest of corporation controlled by you
Ma Lan Chu	2201 Interest of corporation controlled by you
Ma Lan Heung	2201 Interest of corporation controlled by you
Ma Yum Chee	2201 Interest of corporation controlled by you
Wu Yu Ling	2202 Interest of your spouse
Yung Ngan Sim	2202 Interest of your spouse

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