Sinofortune Financial Holdings (HKSE:08123) Total Assets : HK$244.3 Mil (As of Dec. 2023)

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What is Sinofortune Financial Holdings Total Assets?

Sinofortune Financial Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$244.3 Mil.

During the past 12 months, Sinofortune Financial Holdings's average Total Assets Growth Rate was 4.50% per year. During the past 3 years, the average Total Assets Growth Rate was 12.00% per year. During the past 5 years, the average Total Assets Growth Rate was -0.10% per year. During the past 10 years, the average Total Assets Growth Rate was 1.50% per year.

During the past 13 years, Sinofortune Financial Holdings's highest 3-Year average Total Assets Growth Rate was 260.60%. The lowest was -47.70%. And the median was 12.00%.

Total Assets is connected with ROA %. Sinofortune Financial Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 8.32%. Total Assets is also linked to Revenue through Asset Turnover. Sinofortune Financial Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.24.

Sinofortune Financial Holdings Total Assets Historical Data

The historical data trend for Sinofortune Financial 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.

* Premium members only.

Sinofortune Financial Holdings Total Assets Chart

Sinofortune Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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312.87

242.67

295.57

232.80

244.28

Sinofortune Financial Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															232.80	-	224.90	-	244.28

Sinofortune Financial 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.

Sinofortune Financial 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 )
	=	118.219	+	126.06
	=	244.3

Sinofortune Financial Holdings's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	118.219	+	126.06
	=	244.3

Sinofortune Financial Holdings (HKSE:08123) Total Assets Explanation

Total Assets is connected with ROA %.

Sinofortune Financial Holdings's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	20.312	/	( (0	+	244.279)	/ 1 )
	=	20.312	/	244.279
	=	8.32 %

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

Sinofortune Financial Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	59.661	/	( (0	+	244.279)	/ 1 )
=	59.661	/	244.279
=	0.24

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.

Sinofortune Financial Holdings Total Assets Related Terms

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Sinofortune Financial Holdings (HKSE:08123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sinofortune Financial Holdings Ltd (HKSE:08123) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 64-66 Connaught Road, 16th Floor, CMA Building, Central, Hong Kong, HKG

Website

http://www.sinofortune.hk

Sinofortune Financial Holdings Ltd along with its subsidiaries is an integrated financial service and parallel-imported motor vehicles supplier in Hong Kong and the People's Republic of China. The Group is engaged in the provision of securities and futures contracts trading services in Hong Kong, trading of listed securities in Hong Kong, and sales of motor vehicles, provision of agency services and accessories sourcing in the PRC.

Executives

Wang Jiawei

2101 Beneficial owner

Sinofortune Financial Holdings (HKSE:08123) Headlines

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