Chinaftower International Holding Group (HKSE:08623) Total Assets : HK$392.5 Mil (As of Dec. 2023)

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What is Chinaftower International Holding Group Total Assets?

Chinaftower International Holding Group's Total Assets for the quarter that ended in Dec. 2023 was HK$392.5 Mil.

During the past 12 months, Chinaftower International Holding Group's average Total Assets Growth Rate was -10.70% per year. During the past 3 years, the average Total Assets Growth Rate was -0.70% per year. During the past 5 years, the average Total Assets Growth Rate was 6.30% per year.

During the past 7 years, Chinaftower International Holding Group's highest 3-Year average Total Assets Growth Rate was 23.10%. The lowest was -0.70%. And the median was 13.80%.

Total Assets is connected with ROA %. Chinaftower International Holding Group's annualized ROA % for the quarter that ended in Dec. 2023 was -41.10%. Total Assets is also linked to Revenue through Asset Turnover. Chinaftower International Holding Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.22.

Chinaftower International Holding Group Total Assets Historical Data

The historical data trend for Chinaftower International Holding 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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Chinaftower International Holding Group Total Assets Chart

Chinaftower International Holding Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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371.98

413.80

575.27

438.43

392.50

Chinaftower International Holding Group Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															438.43	-	381.56	-	392.50

Chinaftower International Holding 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.

Chinaftower International Holding 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 )
	=	77.152	+	315.35
	=	392.5

Chinaftower International Holding Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	77.152	+	315.35
	=	392.5

Chinaftower International Holding Group (HKSE:08623) Total Assets Explanation

Total Assets is connected with ROA %.

Chinaftower International Holding Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-161.328	/	( (0	+	392.501)	/ 1 )
	=	-161.328	/	392.501
	=	-41.10 %

Note: The Net Income data used here is four times the quarterly (Dec. 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.

Chinaftower International Holding Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	85.855	/	( (0	+	392.501)	/ 1 )
=	85.855	/	392.501
=	0.22

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.

Chinaftower International Holding Group Total Assets Related Terms

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Chinaftower International Holding Group (HKSE:08623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Saftower International Holding Group Ltd (HKSE:08623) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 9, Huaide Road, Sichuan-Zhejiang Cooperation Industrial Park, Guangyuan Economic and Technological Development Z, Sichuan Province, Guangyuan, CHN

Website

http://www.saftower.com

China Saftower International Holding Group Ltd is a manufacturer and supplier of wires and cables and the sale of aluminum products in the People's Republic of China. The company's products include power cables, insulated overhead cables, aerial stranded wire, control cables, and aluminum alloy power cables. The Group's revenue was all derived from customers based in the PRC.

Executives

Dang Fei	2201 Interest of corporation controlled by you
Dang Jun	2103 Interests held jointly with another person
Li Li	2202 Interest of your spouse
Red Fly Investment Limited	2101 Beneficial owner
Fu Chuanrong	2101 Beneficial owner
Gao Hong	2202 Interest of your spouse
Wang Xiaozhong	2201 Interest of corporation controlled by you
Xseven Investment Limited	2101 Beneficial owner

Chinaftower International Holding Group (HKSE:08623) Headlines

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