Finet Group (HKSE:08317) Total Assets : HK$66.85 Mil (As of Sep. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Finet Group Total Assets?

Finet Group's Total Assets for the quarter that ended in Sep. 2023 was HK$66.85 Mil.

During the past 12 months, Finet Group's average Total Assets Growth Rate was -6.20% per year. During the past 3 years, the average Total Assets Growth Rate was -19.30% per year. During the past 5 years, the average Total Assets Growth Rate was -16.30% per year. During the past 10 years, the average Total Assets Growth Rate was -6.80% per year.

During the past 13 years, Finet Group's highest 3-Year average Total Assets Growth Rate was 181.10%. The lowest was -22.90%. And the median was 4.20%.

Total Assets is connected with ROA %. Finet Group's annualized ROA % for the quarter that ended in Sep. 2023 was -27.44%. Total Assets is also linked to Revenue through Asset Turnover. Finet Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.08.

Finet Group Total Assets Historical Data

The historical data trend for Finet 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.

* Premium members only.

Finet Group Total Assets Chart

Finet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

Get a 7-Day Free Trial

120.72

112.14

119.30

68.15

62.10

Finet 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															69.74	-	62.10	-	66.85

Finet 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.

Finet 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 )
	=	19.054	+	43.046
	=	62.10

Finet 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 )
	=	49.115	+	17.731
	=	66.85

Finet Group (HKSE:08317) Total Assets Explanation

Total Assets is connected with ROA %.

Finet 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 )
	=	-18.34	/	( (0	+	66.846)	/ 1 )
	=	-18.34	/	66.846
	=	-27.44 %

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.

Finet 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 )
=	5.059	/	( (0	+	66.846)	/ 1 )
=	5.059	/	66.846
=	0.08

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.

Finet Group Total Assets Related Terms

Thank you for viewing the detailed overview of Finet Group's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Finet Group (HKSE:08317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Finet Group Ltd (HKSE:08317) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-79 Gloucester Road, 30th Floor, Fortis Tower, Wanchai, Hong Kong, HKG

Website

http://ir.finet.hk/en

Finet Group Ltd is an investment holding company. The company has four business segments namely Financial Information, Advertising and Investor Relationship Service Business; Securities and Futures Business; Money Lending Business; and Property Investment Business. The Financial Information, Advertising and Investor Relationship Service Business segment involves in the development, production, and provision of financial information services and technology solutions to investors, corporate and retail clients. The Securities and Futures segment specializes in the provision of online securities and futures trading. The Money Lending Business segment engages in lending. The Property Investment segment involves in the real estate business.

Executives

Lo Yuk Yee	2101 Beneficial owner
Maxx Capital International Limited	2101 Beneficial owner
Pablos International Limited	2201 Interest of corporation controlled by you
Broadgain International Limited	2101 Beneficial owner
Lo Yuk Yee
Wang Yuan	2101 Beneficial owner

Finet Group (HKSE:08317) Headlines

No Headlines