China Ocean Group Development (HKSE:08047) Total Assets : HK$1,061.5 Mil (As of Mar. 2024)

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What is China Ocean Group Development Total Assets?

China Ocean Group Development's Total Assets for the quarter that ended in Mar. 2024 was HK$1,061.5 Mil.

During the past 12 months, China Ocean Group Development's average Total Assets Growth Rate was 13.80% per year. During the past 3 years, the average Total Assets Growth Rate was -11.60% per year. During the past 5 years, the average Total Assets Growth Rate was -12.10% per year. During the past 10 years, the average Total Assets Growth Rate was 21.90% per year.

During the past 13 years, China Ocean Group Development's highest 3-Year average Total Assets Growth Rate was 111.40%. The lowest was -35.90%. And the median was 26.50%.

Total Assets is connected with ROA %. China Ocean Group Development's annualized ROA % for the quarter that ended in Mar. 2024 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. China Ocean Group Development's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

China Ocean Group Development Total Assets Historical Data

The historical data trend for China Ocean Group Development'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 Ocean Group Development Total Assets Chart

China Ocean Group Development Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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1,716.62

1,544.59

1,027.47

936.92

1,061.47

China Ocean Group Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Total Assets	Get a 7-Day Free Trial															936.92	-	1,200.11	1,061.47	1,270.50

China Ocean Group Development 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 Ocean Group Development's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	525.119	+	536.353
	=	1,061.5

China Ocean Group Development's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	525.119	+	536.353
	=	1,061.5

China Ocean Group Development (HKSE:08047) Total Assets Explanation

Total Assets is connected with ROA %.

China Ocean Group Development's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	0	/	( (1200.108	+	1061.472)	/ 2 )
	=	0	/	1130.79
	=	0.00 %

Note: The Net Income data used here is four times the quarterly (Mar. 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 Ocean Group Development's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (1200.108	+	1061.472)	/ 2 )
=	0	/	1130.79
=	0.00

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 Ocean Group Development Total Assets Related Terms

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China Ocean Group Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Ocean Group Development Ltd (HKSE:08047) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Wan Chai, Room 03, 22nd Floor, China Resources Building, Hong Kong, HKG

Website

http://www.chinaoceangroup.com.hk

China Ocean Group Development Ltd operates as a holding company. It is engaged in various business segments that are Supply Chain Management Segment services business, which provides services involving the planning and implementation of an integrated solution for the effective flow of business, logistic, information and funds; and Money Lending, which provides money lending services. The Ocean fishing segment which provides fishing and catching business in open sea beyond the coastal region. The Supply Chain Management services business segment generates maximum revenue for the company. Geographically, the company offers its services to Hong Kong and China.

Executives

Liu Yi	2101 Beneficial owner
Jing Peng Xin He (hong Kong) Limited	2101 Beneficial owner
Shenzhqn Jing Peng Xin Trade Co Ltd	2101 Beneficial owner
Chen Quan	2101 Beneficial owner

China Ocean Group Development Headlines

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