China Netcom Technology Holdings (HKSE:08071) Total Assets : HK$25.28 Mil (As of Jun. 2024)

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What is China Netcom Technology Holdings Total Assets?

China Netcom Technology Holdings's Total Assets for the quarter that ended in Jun. 2024 was HK$25.28 Mil.

During the past 3 years, the average Total Assets Growth Rate was 8.00% per year. During the past 5 years, the average Total Assets Growth Rate was -26.50% per year. During the past 10 years, the average Total Assets Growth Rate was -24.20% per year.

During the past 13 years, China Netcom Technology Holdings's highest 3-Year average Total Assets Growth Rate was 2072.40%. The lowest was -62.40%. And the median was -16.50%.

Total Assets is connected with ROA %. China Netcom Technology Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. China Netcom Technology Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

China Netcom Technology Holdings Total Assets Historical Data

The historical data trend for China Netcom Technology 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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China Netcom Technology Holdings Total Assets Chart

China Netcom Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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131.84

66.40

90.94

41.36

32.78

China Netcom Technology Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															-	33.08	-	32.78	25.28

China Netcom Technology 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.

China Netcom Technology 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 )
	=	17.12	+	15.657
	=	32.78

China Netcom Technology 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 )
	=	13.022	+	12.26
	=	25.28

China Netcom Technology Holdings (HKSE:08071) Total Assets Explanation

Total Assets is connected with ROA %.

China Netcom Technology 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 )
	=	0	/	( (32.777	+	25.282)	/ 2 )
	=	0	/	29.0295
	=	0.00 %

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

China Netcom Technology 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 )
=	0	/	( (32.777	+	25.282)	/ 2 )
=	0	/	29.0295
=	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 Netcom Technology Holdings Total Assets Related Terms

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China Netcom Technology Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China Netcom Technology Holdings Ltd (HKSE:08071) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Office 2401A, 24th Floor, Tower One, Lippo Centre, Hong Kong, HKG

Website

http://www.irasia.com/listco/hk/chinanetcom

China Netcom Technology Holdings Ltd and its subsidiaries are engaged in the Smart Retail Business, Financial Technology Services Business, Sports Training Business, and Lottery Business. The vast majority of its revenue is generated from Smart Retail Business, which is into the provision of new retail digital transformation solutions and new retail integrated software service platform to chain retailers and merchants, and extended services such as cloud services, omnichannel payment services, and SMS marketing services, etc. Geographically, the company has business operations in the PRC and Hong Kong, of which key revenue is derived from the PRC.

Executives

Zuo Lei	2101 Beneficial owner
Zuo Lei	2101 Beneficial owner
Wang Yonghua	2201 Interest of corporation controlled by you
Shen Zhen Shi Tian Tu Tou Zi Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
51 Credit Card (china) Limited	2201 Interest of corporation controlled by you
51 Credit Card Inc.	2201 Interest of corporation controlled by you
Hang Zhou Zhen Niu Xin Xi Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Hang Zhou Jia Hao Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Tiantu Advisory Company Limited	2201 Interest of corporation controlled by you
Tiantu Investments Limited	2106 Person having a security interest in shares
Tiantu Investments International Limited	2101 Beneficial owner
51renpin.com Inc.
Shang Hai Wu Niu Wang Luo Ke Ji You Xian Gong Si

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