China Weaving Materials Holdings (HKSE:03778) Total Assets : HK$1,596 Mil (As of Jun. 2024)

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What is China Weaving Materials Holdings Total Assets?

China Weaving Materials Holdings's Total Assets for the quarter that ended in Jun. 2024 was HK$1,596 Mil.

During the past 12 months, China Weaving Materials Holdings's average Total Assets Growth Rate was -4.00% per year. During the past 3 years, the average Total Assets Growth Rate was -3.00% per year. During the past 5 years, the average Total Assets Growth Rate was -2.40% per year. During the past 10 years, the average Total Assets Growth Rate was 3.50% per year.

During the past 13 years, China Weaving Materials Holdings's highest 3-Year average Total Assets Growth Rate was 30.80%. The lowest was -4.20%. And the median was 0.20%.

Total Assets is connected with ROA %. China Weaving Materials Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was -0.41%. Total Assets is also linked to Revenue through Asset Turnover. China Weaving Materials Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.38.

China Weaving Materials Holdings Total Assets Historical Data

The historical data trend for China Weaving Materials 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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China Weaving Materials Holdings Total Assets Chart

China Weaving Materials Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,654.75

1,788.29

2,068.82

1,781.50

1,640.72

China Weaving Materials Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															2,098.40	1,781.50	1,649.50	1,640.72	1,595.73

China Weaving Materials 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.

China Weaving Materials 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 )
	=	753.103	+	887.617
	=	1,641

China Weaving Materials Holdings's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	737.954	+	857.777
	=	1,596

China Weaving Materials Holdings (HKSE:03778) Total Assets Explanation

Total Assets is connected with ROA %.

China Weaving Materials Holdings's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-6.562	/	( (1640.72	+	1595.731)	/ 2 )
	=	-6.562	/	1618.2255
	=	-0.41 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) 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 Weaving Materials Holdings's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	622.132	/	( (1640.72	+	1595.731)	/ 2 )
=	622.132	/	1618.2255
=	0.38

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 Weaving Materials Holdings Total Assets Related Terms

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China Weaving Materials Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Weaving Materials Holdings Ltd (HKSE:03778) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

888 Lai Chi Kok Road, Unit B5, 22nd floor, NCB Innovation Centre, Kowloon, HKG

Website

http://www.chinaweavingmaterials.com

China Weaving Materials Holdings Ltd is an investment holding company. It is principally engaged in the business of manufacturing and trading of yarns products and related raw materials. The company operates in two segments: Yarns, which manufactures and trades yarns; and Staple fibers segment manufactures and trades polyester staple fibers. It generates maximum revenue from the Yarns segment. Geographically, it derives revenue from the PRC.

Executives

Zheng Yongxiang

2101 Beneficial owner

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