Echo International Holdings Group (HKSE:08218) Total Assets : HK$70.90 Mil (As of Sep. 2023)

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What is Echo International Holdings Group Total Assets?

Echo International Holdings Group's Total Assets for the quarter that ended in Sep. 2023 was HK$70.90 Mil.

During the past 12 months, Echo International Holdings Group's average Total Assets Growth Rate was 4.40% per year. During the past 3 years, the average Total Assets Growth Rate was 10.80% per year. During the past 5 years, the average Total Assets Growth Rate was 14.50% per year. During the past 10 years, the average Total Assets Growth Rate was 7.60% per year.

During the past 11 years, Echo International Holdings Group's highest 3-Year average Total Assets Growth Rate was 31.60%. The lowest was -13.80%. And the median was 9.10%.

Total Assets is connected with ROA %. Echo International Holdings Group's annualized ROA % for the quarter that ended in Sep. 2023 was 8.43%. Total Assets is also linked to Revenue through Asset Turnover. Echo International Holdings Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.22.

Echo International Holdings Group Total Assets Historical Data

The historical data trend for Echo International Holdings 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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Echo International Holdings Group Total Assets Chart

Echo International Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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65.54

54.17

73.92

75.00

67.91

Echo International Holdings Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															70.19	-	67.91	-	70.90

Echo International Holdings 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.

Echo International Holdings Group's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	52.281	+	15.626
	=	67.91

Echo International Holdings Group's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	59.929	+	10.971
	=	70.90

Echo International Holdings Group (HKSE:08218) Total Assets Explanation

Total Assets is connected with ROA %.

Echo International Holdings Group's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	5.976	/	( (0	+	70.9)	/ 1 )
	=	5.976	/	70.9
	=	8.43 %

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

Echo International Holdings Group's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	15.437	/	( (0	+	70.9)	/ 1 )
=	15.437	/	70.9
=	0.22

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.

Echo International Holdings Group Total Assets Related Terms

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Echo International Holdings Group (HKSE:08218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Echo International Holdings Group Ltd (HKSE:08218) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3207A, 32nd Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.echogroup.com.hk

Echo International Holdings Group Ltd is an investment holding company. The company's operating segment includes the Trading of electronic products; Manufacturing and trading of electronic products and accessories, Provision of food catering services, and trading of timepieces. It generates maximum revenue from the Provision of food catering services segment. Its products include security alarm, indications board, buzzers, timer, fishing indicator, charge board, control board, fire alarm, LED lamp assembly, switch, printed circuit board, and others. Geographically, it derives a majority of revenue from Hong KongCountries.

Executives

Lissington Limited
Zheng Ze Li
Bluemount Investment Fund Spc - Bluemount Investment Fund Sp
Ecgo International Ltd
Zhou Qilin
Siu Hiu Ki Jamie
Siu Wang Kei
Yeung Tong Seng Terry
Liu Wing Yee Amy	2101 Beneficial owner
Lam Sau Man
Heilesen Henrick

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