Yik Wo International Holdings (HKSE:08659) Total Assets : HK$343.2 Mil (As of Dec. 2023)

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What is Yik Wo International Holdings Total Assets?

Yik Wo International Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$343.2 Mil.

Warning Sign:

If a company builds assets at 7.5% a year, faster than its revenue growth rate of 5.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Yik Wo International Holdings's average Total Assets Growth Rate was -10.50% per year. During the past 3 years, the average Total Assets Growth Rate was 7.80% per year. During the past 5 years, the average Total Assets Growth Rate was 7.50% per year.

During the past 7 years, Yik Wo International Holdings's highest 3-Year average Total Assets Growth Rate was 16.90%. The lowest was 1.40%. And the median was 8.05%.

Total Assets is connected with ROA %. Yik Wo International Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 10.08%. Total Assets is also linked to Revenue through Asset Turnover. Yik Wo International Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.

Yik Wo International Holdings Total Assets Historical Data

The historical data trend for Yik Wo International 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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Yik Wo International Holdings Total Assets Chart

Yik Wo International Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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124.10

194.04

245.82

312.51

343.24

Yik Wo International Holdings 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															312.51	-	319.69	-	343.24

Yik Wo International 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.

Yik Wo International 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 )
	=	285.672	+	57.568
	=	343.2

Yik Wo International Holdings'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 )
	=	285.672	+	57.568
	=	343.2

Yik Wo International Holdings (HKSE:08659) Total Assets Explanation

Total Assets is connected with ROA %.

Yik Wo International Holdings'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 )
	=	34.612	/	( (0	+	343.24)	/ 1 )
	=	34.612	/	343.24
	=	10.08 %

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.

Yik Wo International Holdings'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 )
=	96.728	/	( (0	+	343.24)	/ 1 )
=	96.728	/	343.24
=	0.28

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.

Yik Wo International Holdings Total Assets Related Terms

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Yik Wo International Holdings (HKSE:08659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Yik Wo International Holdings Ltd (HKSE:08659) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wukeng Industrial Zone, Longhu Town, Fujian Province, Jinjiang, CHN

Website

https://www.yikwo.cn

Yik Wo International Holdings Ltd is engaged in the design and development, manufacturing and sales of disposable plastic food storage containers. The company's plastic containers are processed by high temperature hot-melt plastic injection moulding method with polypropylene resin or other thermoplastic materials. In terms of application, disposable plastic food storage containers can be divided into lunch boxes, fresh and preserved fruit containers, semi-food containers and others. It sells its products under JAZZIT brand. Its regular products feature with only one compartment; and customised products can store various kinds of food and beverage with its multi-compartment disposable plastic food storage containers. The group derives prime revenue from the PRC.

Yik Wo International Holdings (HKSE:08659) Headlines

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