Grand Power Logistics Group (HKSE:08489) Total Assets : HK$289.7 Mil (As of Jun. 2024)

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What is Grand Power Logistics Group Total Assets?

Grand Power Logistics Group's Total Assets for the quarter that ended in Jun. 2024 was HK$289.7 Mil.

During the past 3 years, the average Total Assets Growth Rate was 4.10% per year. During the past 5 years, the average Total Assets Growth Rate was 9.00% per year.

During the past 8 years, Grand Power Logistics Group's highest 3-Year average Total Assets Growth Rate was 17.60%. The lowest was 4.10%. And the median was 9.30%.

Total Assets is connected with ROA %. Grand Power Logistics Group's annualized ROA % for the quarter that ended in Jun. 2024 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Grand Power Logistics Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Grand Power Logistics Group Total Assets Historical Data

The historical data trend for Grand Power Logistics 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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Grand Power Logistics Group Total Assets Chart

Grand Power Logistics Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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280.84

366.76

236.50

311.58

300.60

Grand Power Logistics Group Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Total Assets	Get a 7-Day Free Trial															254.62	-	311.58	289.74	300.60

Grand Power Logistics 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.

Grand Power Logistics 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 )
	=	134.418	+	177.164
	=	311.6

Grand Power Logistics Group'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 )
	=	126.282	+	163.459
	=	289.7

Grand Power Logistics Group (HKSE:08489) Total Assets Explanation

Total Assets is connected with ROA %.

Grand Power Logistics Group'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	/	( (311.582	+	289.741)	/ 2 )
	=	0	/	300.6615
	=	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.

Grand Power Logistics Group'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	/	( (311.582	+	289.741)	/ 2 )
=	0	/	300.6615
=	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.

Grand Power Logistics Group Total Assets Related Terms

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Grand Power Logistics Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grand Power Logistics Group Ltd (HKSE:08489) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Hok Cheung Street, Unit 611, 6th Floor, Tower 1 Harbour Centre, Hung Hom, Kowloon, HKG

Website

https://www.grandpowerexpress.com

Grand Power Logistics Group Ltd is an investment holding company and its subsidiaries are principally engaged in the provision of air-freight and ocean-freight forwarding services as an integrated logistics services provider, which involves arranging shipments upon receipt of booking instructions from its customers, obtaining cargo spaces from cargo space suppliers (including airlines, shipping liners and other freight forwarders) and preparing the relevant documentations (such as customs clearance from origin of consignment). Its business segments include Air freight forwarding services and Ocean freight forwarding services. It generates maximum revenue from the Air freight forwarding services segment. Its geographic segments are Europe, Asia, North America, and Others.

Executives

Peak Connect International Limited	2101 Beneficial owner
Profit Virtue Worldwide Limited	2101 Beneficial owner
Chiu Ricky Tong	2201 Interest of corporation controlled by you
Wong Sheng Ning Candace	2202 Interest of your spouse

Grand Power Logistics Group Headlines

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