Wing Chi Holdings (HKSE:06080) Total Assets : HK$244.1 Mil (As of Sep. 2023)

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What is Wing Chi Holdings Total Assets?

Wing Chi Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$244.1 Mil.

During the past 12 months, Wing Chi Holdings's average Total Assets Growth Rate was -9.30% per year. During the past 3 years, the average Total Assets Growth Rate was 6.10% per year. During the past 5 years, the average Total Assets Growth Rate was 2.60% per year.

During the past 9 years, Wing Chi Holdings's highest 3-Year average Total Assets Growth Rate was 37.70%. The lowest was 1.50%. And the median was 11.90%.

Total Assets is connected with ROA %. Wing Chi Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 1.76%. Total Assets is also linked to Revenue through Asset Turnover. Wing Chi Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 1.05.

Wing Chi Holdings Total Assets Historical Data

The historical data trend for Wing Chi 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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Wing Chi Holdings Total Assets Chart

Wing Chi Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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224.13

199.64

217.79

214.98

234.24

Wing Chi Holdings Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial												175.97	214.98	256.58	234.24	244.12

Wing Chi 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.

Wing Chi 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 )
	=	127.126	+	107.117
	=	234.2

Wing Chi 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 )
	=	129.228	+	114.887
	=	244.1

Wing Chi Holdings (HKSE:06080) Total Assets Explanation

Total Assets is connected with ROA %.

Wing Chi 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 )
	=	4.204	/	( (234.243	+	244.115)	/ 2 )
	=	4.204	/	239.179
	=	1.76 %

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.

Wing Chi 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 )
=	251.115	/	( (234.243	+	244.115)	/ 2 )
=	251.115	/	239.179
=	1.05

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.

Wing Chi Holdings Total Assets Related Terms

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Wing Chi Holdings (HKSE:06080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Chi Holdings Ltd (HKSE:06080) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3010, 30th Floor, Cable TV Tower, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.wingchiholdings.com

Wing Chi Holdings Ltd is an Hong Kong-based investment holding company. Along with its subsidiaries, the corporation is principally engaged in the provision of foundation and site formation works and machinery leasing. All of the group's operations are located in Hong Kong.

Executives

Great Pride Global Limited
Yam Yuen Nina	2201 Interest of corporation controlled by you
Colourfield Global Limited	2101 Beneficial owner
Chau Man Chun	2202 Interest of your spouse
Li Cheuk Kam	2201 Interest of corporation controlled by you

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