Xinyi Electric Storage Holdings (HKSE:08328) Total Assets : HK$2,178 Mil (As of Jun. 2024)

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What is Xinyi Electric Storage Holdings Total Assets?

Xinyi Electric Storage Holdings's Total Assets for the quarter that ended in Jun. 2024 was HK$2,178 Mil.

Warning Sign:

If a company builds assets at 68.2% a year, faster than its revenue growth rate of 52.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 3 years, the average Total Assets Growth Rate was 74.20% per year. During the past 5 years, the average Total Assets Growth Rate was 68.20% per year.

During the past 10 years, Xinyi Electric Storage Holdings's highest 3-Year average Total Assets Growth Rate was 98.70%. The lowest was 25.20%. And the median was 63.10%.

Total Assets is connected with ROA %. Xinyi Electric Storage Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Xinyi Electric Storage Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Xinyi Electric Storage Holdings Total Assets Historical Data

The historical data trend for Xinyi Electric Storage 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.

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Xinyi Electric Storage Holdings Total Assets Chart

Xinyi Electric Storage Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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493.76

555.56

1,448.07

2,304.00

2,333.34

Xinyi Electric Storage Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															-	2,268.27	-	2,333.34	2,177.86

Xinyi Electric Storage 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.

Xinyi Electric Storage 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 )
	=	1225.283	+	1108.06
	=	2,333

Xinyi Electric Storage Holdings's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	1204.069	+	973.788
	=	2,178

Xinyi Electric Storage Holdings (HKSE:08328) Total Assets Explanation

Total Assets is connected with ROA %.

Xinyi Electric Storage Holdings's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	0	/	( (2333.343	+	2177.857)	/ 2 )
	=	0	/	2255.6
	=	0.00 %

Note: The Net Income data used here is four times the quarterly (Jun. 2024) 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.

Xinyi Electric Storage Holdings's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (2333.343	+	2177.857)	/ 2 )
=	0	/	2255.6
=	0.00

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.

Xinyi Electric Storage Holdings Total Assets Related Terms

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Xinyi Electric Storage Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinyi Electric Storage Holdings Ltd (HKSE:08328) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

135 Hoi Bun Road, Unit 2116-2117, 21st Floor, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.xinyies.com

Xinyi Electric Storage Holdings Ltd is an investment holding company. The company's operating segment includes Electric storage business; EPC Services; Automobile glass repair and replacement services and others. It generates maximum revenue from the EPC Services segment. The EPC Services segment is engaged in the provision of EPC Services for photovoltaic power stations in the PRC and Canada. Geographically, the company generates revenue from Canada, Hong Kong, Others and The PRC, being the majority revenue generator.

Executives

Sze Tan Hung	2202 Interest of your spouse
Tung Ching Sai	2201 Interest of corporation controlled by you
Lee Yin Yee	2201 Interest of corporation controlled by you
Tung Ching Bor	2201 Interest of corporation controlled by you
Lee Sing Din	2201 Interest of corporation controlled by you
Li Ching Leung	2201 Interest of corporation controlled by you
Li Ching Wai	2201 Interest of corporation controlled by you
Ng Ngan Ho	2201 Interest of corporation controlled by you
Sze Nang Sze	2201 Interest of corporation controlled by you
Tung Hai Chi	2202 Interest of your spouse

Xinyi Electric Storage Holdings Headlines

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