Ocean One Holding (HKSE:08476) Total Assets : HK$265.3 Mil (As of Sep. 2023)

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What is Ocean One Holding Total Assets?

Ocean One Holding's Total Assets for the quarter that ended in Sep. 2023 was HK$265.3 Mil.

Warning Sign:

If a company builds assets at 14.6% a year, faster than its revenue growth rate of 9.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Ocean One Holding's average Total Assets Growth Rate was -7.90% per year. During the past 3 years, the average Total Assets Growth Rate was 7.90% per year. During the past 5 years, the average Total Assets Growth Rate was 14.60% per year.

During the past 8 years, Ocean One Holding's highest 3-Year average Total Assets Growth Rate was 34.90%. The lowest was 6.00%. And the median was 24.60%.

Total Assets is connected with ROA %. Ocean One Holding's annualized ROA % for the quarter that ended in Sep. 2023 was 15.56%. Total Assets is also linked to Revenue through Asset Turnover. Ocean One Holding's Asset Turnover for the quarter that ended in Sep. 2023 was 0.44.

Ocean One Holding Total Assets Historical Data

The historical data trend for Ocean One Holding'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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Ocean One Holding Total Assets Chart

Ocean One Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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153.82

152.06

178.80

207.02

250.13

Ocean One Holding 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															234.97	-	250.13	-	265.34

Ocean One Holding 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.

Ocean One Holding'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 )
	=	231.829	+	18.298
	=	250.1

Ocean One Holding'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 )
	=	242.075	+	23.264
	=	265.3

Ocean One Holding (HKSE:08476) Total Assets Explanation

Total Assets is connected with ROA %.

Ocean One Holding'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 )
	=	41.3	/	( (0	+	265.339)	/ 1 )
	=	41.3	/	265.339
	=	15.56 %

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.

Ocean One Holding'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 )
=	117.628	/	( (0	+	265.339)	/ 1 )
=	117.628	/	265.339
=	0.44

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.

Ocean One Holding Total Assets Related Terms

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Ocean One Holding (HKSE:08476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ocean One Holding Ltd (HKSE:08476) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

36-44 Pak Tin Par Street, Unit B, 5th Floor, Goodwill Industrial Building, Tsuen Wan, Hong Kong, HKG

Website

https://www.oceanoneholding.com

Ocean One Holding Ltd is a frozen seafood importer and wholesaler in Hong Kong. It offers frozen seafood products sourced from suppliers located overseas to Frozen Seafood Resellers and Frozen Seafood Catering Service Providers in Hong Kong and Macau. It offers a diverse and wide range of frozen seafood products which include prawns, scallops, oysters, and surf clams, fishes, crabs, roe, octopuses, and cuttlefishes.

Executives

Karlson Holding Limited	2101 Beneficial owner
Chan Kin Fung	2201 Interest of corporation controlled by you
Tse Chun Ha Amy	2202 Interest of your spouse

Ocean One Holding (HKSE:08476) Headlines

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