Bortex Global (HKSE:08118) Total Assets : HK$137.06 Mil (As of Oct. 2023)

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What is Bortex Global Total Assets?

Bortex Global's Total Assets for the quarter that ended in Oct. 2023 was HK$137.06 Mil.

During the past 12 months, Bortex Global's average Total Assets Growth Rate was -26.10% per year. During the past 3 years, the average Total Assets Growth Rate was -9.00% per year. During the past 5 years, the average Total Assets Growth Rate was 5.40% per year.

During the past 9 years, Bortex Global's highest 3-Year average Total Assets Growth Rate was 24.50%. The lowest was -9.00%. And the median was 17.60%.

Total Assets is connected with ROA %. Bortex Global's annualized ROA % for the quarter that ended in Oct. 2023 was 0.62%. Total Assets is also linked to Revenue through Asset Turnover. Bortex Global's Asset Turnover for the quarter that ended in Oct. 2023 was 0.01.

Bortex Global Total Assets Historical Data

The historical data trend for Bortex Global'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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Bortex Global Total Assets Chart

Bortex Global Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Assets

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154.81

190.05

228.88

231.48

138.78

Bortex Global Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Assets	Get a 7-Day Free Trial															218.29	-	138.78	-	137.06

Bortex Global 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.

Bortex Global's Total Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Assets	=	Total Equity (A: Apr. 2023 )	+	Total Liabilities (A: Apr. 2023 )
	=	98.42	+	40.36
	=	138.78

Bortex Global's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	99.701	+	37.36
	=	137.06

Bortex Global (HKSE:08118) Total Assets Explanation

Total Assets is connected with ROA %.

Bortex Global's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	0.852	/	( (0	+	137.061)	/ 1 )
	=	0.852	/	137.061
	=	0.62 %

Note: The Net Income data used here is four times the quarterly (Oct. 2023) 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.

Bortex Global's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	1.983	/	( (0	+	137.061)	/ 1 )
=	1.983	/	137.061
=	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.

Bortex Global Total Assets Related Terms

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Bortex Global (HKSE:08118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Bortex Global Ltd (HKSE:08118) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

58 Hung To Road, Room 29, 8th floor, Career and Kenson Industrial Mansion, Kowloon, Kwun Tong, Hong Kong, HKG

Website

http://www.bortex.com.cn

Bortex Global Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the designing, trading, and manufacturing of Light Emitting Diode(LED) lighting products. Its LEDs are bifurcated into LED decorative lighting and LED luminaire lighting, out of which the majority of the revenue is generated from the LED decorative lighting. Its geographical segments include Canada, the United States, PRC, Hong Kong, and others.

Executives

Real Charm Corp
Chung Yu Chun
Shiu Kwok Leung

Bortex Global (HKSE:08118) Headlines

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