Ganglong China Property Group (HKSE:06968) Total Assets : HK$30,616 Mil (As of Jun. 2024)

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What is Ganglong China Property Group Total Assets?

Ganglong China Property Group's Total Assets for the quarter that ended in Jun. 2024 was HK$30,616 Mil.

During the past 12 months, Ganglong China Property Group's average Total Assets Growth Rate was -31.70% per year. During the past 3 years, the average Total Assets Growth Rate was -11.80% per year. During the past 5 years, the average Total Assets Growth Rate was 27.80% per year.

During the past 7 years, Ganglong China Property Group's highest 3-Year average Total Assets Growth Rate was 101.50%. The lowest was -11.80%. And the median was 57.50%.

Total Assets is connected with ROA %. Ganglong China Property Group's annualized ROA % for the quarter that ended in Jun. 2024 was -0.50%. Total Assets is also linked to Revenue through Asset Turnover. Ganglong China Property Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.18.

Ganglong China Property Group Total Assets Historical Data

The historical data trend for Ganglong China Property Group'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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Ganglong China Property Group Total Assets Chart

Ganglong China Property Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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25,473.93

54,821.75

68,604.79

51,942.08

34,572.60

Ganglong China Property Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial								61,997.81	51,942.08	45,045.44	34,572.60	30,615.80

Ganglong China Property Group 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.

Ganglong China Property Group'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 )
	=	12412.406	+	22160.195
	=	34,573

Ganglong China Property Group'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 )
	=	10854.862	+	19760.935
	=	30,616

Ganglong China Property Group (HKSE:06968) Total Assets Explanation

Total Assets is connected with ROA %.

Ganglong China Property Group'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 )
	=	-164.536	/	( (34572.602	+	30615.797)	/ 2 )
	=	-164.536	/	32594.1995
	=	-0.50 %

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.

Ganglong China Property Group'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 )
=	5777.959	/	( (34572.602	+	30615.797)	/ 2 )
=	5777.959	/	32594.1995
=	0.18

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.

Ganglong China Property Group Total Assets Related Terms

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Ganglong China Property Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ganglong China Property Group Ltd (HKSE:06968) » Definitions » Total Assets

Traded in Other Exchanges

52J:Germany

Address

No. 2177 Shenkun Road, No. 11 Building, Hongqiao International Exhibition Center, PortMix South District, Miuhang District, Shanghai, CHN

Website

https://www.glchina.group

Ganglong China Property Group Ltd is an investment holding company engaged in property development. It develops residential, retail, and commercial properties. The majority of its revenue comes from sales of properties in Changzhou city.

Executives

Huaxing Development Co., Ltd.
Hualian Development Co., Ltd.
Hualong Development Co., Ltd.
Chan Mei Kam
Lui Ming
Lui Wing Nam
Wong Sau Suet
Lui Chi Chung Jimmy
Lui Wing Mau
Wong Kwai Fa
Lui Jin Ling

Ganglong China Property Group Headlines

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