China Golden Classic Group (HKSE:08281) Total Assets : HK$381.3 Mil (As of Dec. 2023)

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What is China Golden Classic Group Total Assets?

China Golden Classic Group's Total Assets for the quarter that ended in Dec. 2023 was HK$381.3 Mil.

During the past 12 months, China Golden Classic Group's average Total Assets Growth Rate was -8.30% per year. During the past 3 years, the average Total Assets Growth Rate was -3.10% per year. During the past 5 years, the average Total Assets Growth Rate was -1.70% per year. During the past 10 years, the average Total Assets Growth Rate was 4.20% per year.

During the past 11 years, China Golden Classic Group's highest 3-Year average Total Assets Growth Rate was 15.10%. The lowest was -3.10%. And the median was 2.80%.

Total Assets is connected with ROA %. China Golden Classic Group's annualized ROA % for the quarter that ended in Dec. 2023 was 1.96%. Total Assets is also linked to Revenue through Asset Turnover. China Golden Classic Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.25.

China Golden Classic Group Total Assets Historical Data

The historical data trend for China Golden Classic 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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China Golden Classic Group Total Assets Chart

China Golden Classic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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419.21

425.71

432.26

406.65

381.25

China Golden Classic Group 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															406.65	-	360.85	-	381.25

China Golden Classic 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.

China Golden Classic Group'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 )
	=	288.41	+	92.841
	=	381.3

China Golden Classic Group'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 )
	=	288.41	+	92.841
	=	381.3

China Golden Classic Group (HKSE:08281) Total Assets Explanation

Total Assets is connected with ROA %.

China Golden Classic Group'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 )
	=	7.456	/	( (0	+	381.251)	/ 1 )
	=	7.456	/	381.251
	=	1.96 %

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.

China Golden Classic Group'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 )
=	97.062	/	( (0	+	381.251)	/ 1 )
=	97.062	/	381.251
=	0.25

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 Golden Classic Group Total Assets Related Terms

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China Golden Classic Group (HKSE:08281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Golden Classic Group Ltd (HKSE:08281) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 34,35 Yingbin Road, Xiake Town, Jiangsu Province, Jiangyin City, CHN

Website

http://www.goldenclassicbio.com

China Golden Classic Group Ltd is a daily household product producer in China. The company's reportable segment includes Oral care products, Household Hygiene products, and Leather care products. The Oral Care Products segment involves the manufacturing and selling of oral care products including functional toothpaste, mouthwash, oral spray, and toothbrush. The Leather Care Products segment offers leather shoe care products and leather clothing care products. The Household Hygiene Products segment comprises household hygiene products such as surface cleaners, laundry care products, toilet care products, and mould proof products. The group's operations are mainly located in the PRC.

Executives

Chongbo Mary Investment Limited	2101 Beneficial owner
Li Qiuyan	2201 Interest of corporation controlled by you

China Golden Classic Group (HKSE:08281) Headlines

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