P.B. Group (HKSE:08331) Total Assets : HK$169.58 Mil (As of Sep. 2023)

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What is P.B. Group Total Assets?

P.B. Group's Total Assets for the quarter that ended in Sep. 2023 was HK$169.58 Mil.

Warning Sign:

If a company builds assets at 17.6% a year, faster than its revenue growth rate of 14.7% 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 22.20% per year. During the past 5 years, the average Total Assets Growth Rate was 17.60% per year.

During the past 8 years, P.B. Group's highest 3-Year average Total Assets Growth Rate was 44.00%. The lowest was -0.70%. And the median was 21.40%.

Total Assets is connected with ROA %. P.B. Group's annualized ROA % for the quarter that ended in Sep. 2023 was -7.10%. Total Assets is also linked to Revenue through Asset Turnover. P.B. Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.09.

P.B. Group Total Assets Historical Data

The historical data trend for P.B. 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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P.B. Group Total Assets Chart

P.B. Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Assets

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156.66

109.49

122.38

153.30

199.74

P.B. Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															-	189.92	-	-	169.58

P.B. 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.

P.B. Group's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	152.751	+	46.991
	=	199.74

P.B. 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 )
	=	130.586	+	38.991
	=	169.58

P.B. Group (HKSE:08331) Total Assets Explanation

Total Assets is connected with ROA %.

P.B. 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 )
	=	-12.044	/	( (0	+	169.577)	/ 1 )
	=	-12.044	/	169.577
	=	-7.10 %

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.

P.B. 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 )
=	15.096	/	( (0	+	169.577)	/ 1 )
=	15.096	/	169.577
=	0.09

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.

P.B. Group Total Assets Related Terms

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P.B. Group (HKSE:08331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » P.B. Group Ltd (HKSE:08331) » Definitions » Total Assets

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Address

180 Tung Lo Wan Road, Park Commercial Centre, Room 1601, 16/F, Causeway Bay, Hong Kong, HKG

Website

http://www.thepbg.com

P.B. Group Ltd is engaged in bentonite mining, production and sales of drilling mud and pelletising clay. The company is also engaged in the financial service business. It operates in two reportable segments Bentonite mining operation engaged in Bentonite mining, production and sales of drilling mud and pelletising clay; and Financial service business engaged in provision of wealth management services, money lending services and provision of financial services. It derives revenue from Bentonite mining operations.

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