Many Idea Cloud Holdings (HKSE:06696) Total Assets : HK$989 Mil (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Many Idea Cloud Holdings Total Assets?

Many Idea Cloud Holdings's Total Assets for the quarter that ended in Jun. 2024 was HK$989 Mil.

During the past 12 months, Many Idea Cloud Holdings's average Total Assets Growth Rate was 31.80% per year. During the past 3 years, the average Total Assets Growth Rate was 50.90% per year.

During the past 6 years, Many Idea Cloud Holdings's highest 3-Year average Total Assets Growth Rate was 50.90%. The lowest was 29.90%. And the median was 40.40%.

Total Assets is connected with ROA %. Many Idea Cloud Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was 1.69%. Total Assets is also linked to Revenue through Asset Turnover. Many Idea Cloud Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.98.

Many Idea Cloud Holdings Total Assets Historical Data

The historical data trend for Many Idea Cloud 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.

* Premium members only.

Many Idea Cloud Holdings Total Assets Chart

Many Idea Cloud Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

Get a 7-Day Free Trial

440.36

428.24

800.18

847.71

895.19

Many Idea Cloud Holdings Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Assets	Get a 7-Day Free Trial				800.18	885.99	847.71	989.01	895.19

Many Idea Cloud 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.

Many Idea Cloud 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 )
	=	632.222	+	215.489
	=	848

Many Idea Cloud 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 )
	=	688.631	+	300.381
	=	989

Many Idea Cloud Holdings (HKSE:06696) Total Assets Explanation

Total Assets is connected with ROA %.

Many Idea Cloud 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 )
	=	15.478	/	( (847.71	+	989.013)	/ 2 )
	=	15.478	/	918.3615
	=	1.69 %

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.

Many Idea Cloud 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 )
=	903.503	/	( (847.71	+	989.013)	/ 2 )
=	903.503	/	918.3615
=	0.98

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.

Many Idea Cloud Holdings Total Assets Related Terms

Thank you for viewing the detailed overview of Many Idea Cloud Holdings's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Many Idea Cloud Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Many Idea Cloud Holdings Ltd (HKSE:06696) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Guanyin Shan Hualien Road, 12th Floor, ERKE Group Mansion, Siming District, Fujian Province, Xiamen, CHN

Website

https://www.manyidea.cloud

Many Idea Cloud Holdings Ltd is a digital smart marketing service provider in China. The integrated marketing solutions services consist of five types of marketing services, namely content marketing; SaaS interactive marketing; digital marketing; public relations event planning, and media advertising.

Executives

Liu Jianhui	2501 Other
Qu Shuo	2501 Other
Many Idea Liujianhui Limited	2101 Beneficial owner
Xia Men Shi Hu Li Qu Meng Xiang Wei Lai Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Zhang Jia Jie Le Jian Duo Xiang Wang Luo Ke Ji Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Wang Wenwen	2101 Beneficial owner
Li Jiefeng	2101 Beneficial owner
Going International Financial Group Limited	2102 Investment manager
Going Investment Fund Spc	2101 Beneficial owner

Many Idea Cloud Holdings Headlines

No Headlines