Zuoli Kechuang Micro-finance Co (HKSE:06866) Total Assets : HK$2,881.3 Mil (As of Sep. 2024)

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What is Zuoli Kechuang Micro-finance Co Total Assets?

Zuoli Kechuang Micro-finance Co's Total Assets for the quarter that ended in Sep. 2024 was HK$2,881.3 Mil.

During the past 12 months, Zuoli Kechuang Micro-finance Co's average Total Assets Growth Rate was -5.00% per year. During the past 3 years, the average Total Assets Growth Rate was -5.00% per year. During the past 5 years, the average Total Assets Growth Rate was -0.50% per year. During the past 10 years, the average Total Assets Growth Rate was 6.30% per year.

During the past 12 years, Zuoli Kechuang Micro-finance Co's highest 3-Year average Total Assets Growth Rate was 36.30%. The lowest was -5.00%. And the median was 5.60%.

Total Assets is connected with ROA %. Zuoli Kechuang Micro-finance Co's annualized ROA % for the quarter that ended in Sep. 2024 was 2.07%. Total Assets is also linked to Revenue through Asset Turnover. Zuoli Kechuang Micro-finance Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Zuoli Kechuang Micro-finance Co Total Assets Historical Data

The historical data trend for Zuoli Kechuang Micro-finance Co'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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Zuoli Kechuang Micro-finance Co Total Assets Chart

Zuoli Kechuang Micro-finance Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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3,087.32

3,246.32

3,113.00

2,906.52

2,753.01

Zuoli Kechuang Micro-finance Co Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															2,906.52	-	2,808.21	2,881.27	2,753.01

Zuoli Kechuang Micro-finance Co 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.

Zuoli Kechuang Micro-finance Co's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	2179.237	+	573.776
	=	2,753.0

Zuoli Kechuang Micro-finance Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	2241.978	+	639.289
	=	2,881.3

Zuoli Kechuang Micro-finance Co (HKSE:06866) Total Assets Explanation

Total Assets is connected with ROA %.

Zuoli Kechuang Micro-finance Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	58.78	/	( (2808.206	+	2881.267)	/ 2 )
	=	58.78	/	2844.7365
	=	2.07 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Zuoli Kechuang Micro-finance Co's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	38.995	/	( (2808.206	+	2881.267)	/ 2 )
=	38.995	/	2844.7365
=	0.01

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.

Zuoli Kechuang Micro-finance Co Total Assets Related Terms

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Zuoli Kechuang Micro-finance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Zuoli Kechuang Micro-finance Co Ltd (HKSE:06866) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 399 Deqing Avenue, Wukang Road, Deqing County, Zhejiang Province, Huzhou, CHN, 313200

Website

http://www.zlkcxd.cn

Zuoli Kechuang Micro-finance Co Ltd is engaged in providing unsecured loans, guaranteed loans, collateralized loans, pledged loans, agriculture loans, individual business loans, other individual loans and loans for agricultural businesses, customers engaged in rural development activities, and/or customers residing in rural areas, SMEs and microenterprises in various industries, as well as online retailers in the businesses of lifestyle products, agricultural products, cultural supplies, and industrial products. The company generates revenue in the form of interest.

Executives

Gawsun (hk) International Trading Co., Limited

2101 Beneficial owner

Zuoli Kechuang Micro-finance Co Headlines

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