Million Cities Holdings (HKSE:02892) Total Assets : HK$1,829.2 Mil (As of Dec. 2023)

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What is Million Cities Holdings Total Assets?

Million Cities Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$1,829.2 Mil.

During the past 12 months, Million Cities Holdings's average Total Assets Growth Rate was -49.70% per year. During the past 3 years, the average Total Assets Growth Rate was -26.40% per year. During the past 5 years, the average Total Assets Growth Rate was -12.00% per year.

During the past 9 years, Million Cities Holdings's highest 3-Year average Total Assets Growth Rate was 20.10%. The lowest was -26.40%. And the median was 7.35%.

Total Assets is connected with ROA %. Million Cities Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -43.60%. Total Assets is also linked to Revenue through Asset Turnover. Million Cities Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.14.

Million Cities Holdings Total Assets Historical Data

The historical data trend for Million Cities 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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Million Cities Holdings Total Assets Chart

Million Cities Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,301.45

4,028.03

3,721.13

3,075.90

1,829.24

Million Cities Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial											3,721.13	3,515.66	3,075.90	3,017.10	1,829.24

Million Cities 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.

Million Cities Holdings'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 )
	=	929.597	+	899.639
	=	1,829.2

Million Cities Holdings'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 )
	=	929.597	+	899.639
	=	1,829.2

Million Cities Holdings (HKSE:02892) Total Assets Explanation

Total Assets is connected with ROA %.

Million Cities Holdings'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 )
	=	-1056.608	/	( (3017.104	+	1829.236)	/ 2 )
	=	-1056.608	/	2423.17
	=	-43.60 %

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.

Million Cities Holdings'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 )
=	343.415	/	( (3017.104	+	1829.236)	/ 2 )
=	343.415	/	2423.17
=	0.14

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.

Million Cities Holdings Total Assets Related Terms

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Million Cities Holdings (HKSE:02892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Million Cities Holdings Ltd (HKSE:02892) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Ting Kok Road, Unit D, 21st Floor, Block 1, Tai Ping Industrial Centre, Tai Po New Territories, Hong Kong, HKG

Website

http://www.millioncities.com.cn

Million Cities Holdings Ltd is an investment holding company engaged in property development. The company generates revenues from the sale of properties and gross rentals from properties. It derives all of its revenues from China.

Executives

East Asia International Trustees Limited	2301 Trustee
Fortune Speed Investments Ltd.	2101 Beneficial owner
Happy Family Assets Limited	2201 Interest of corporation controlled by you
Winnermax Management Limited	2201 Interest of corporation controlled by you
Wang Kam Chu	2202 Interest of your spouse
Wong Ting Chung	2305 Beneficiary of a trust
Tsoi Suet Ngai	2202 Interest of your spouse
Wong Ting Chun	2305 Beneficiary of a trust
Chan Ka Wai	2202 Interest of your spouse
Wong Ting Kau	2305 Beneficiary of a trust
Lau Ka Keung	2202 Interest of your spouse
Wong Wai Ling	2305 Beneficiary of a trust

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