Hisense Home Appliances Group Co (SZSE:000921) Total Assets : ¥70,722 Mil (As of Jun. 2024)

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What is Hisense Home Appliances Group Co Total Assets?

Hisense Home Appliances Group Co's Total Assets for the quarter that ended in Jun. 2024 was ¥70,722 Mil.

During the past 12 months, Hisense Home Appliances Group Co's average Total Assets Growth Rate was 7.60% per year. During the past 3 years, the average Total Assets Growth Rate was 14.20% per year. During the past 5 years, the average Total Assets Growth Rate was 21.40% per year. During the past 10 years, the average Total Assets Growth Rate was 16.90% per year.

During the past 13 years, Hisense Home Appliances Group Co's highest 3-Year average Total Assets Growth Rate was 45.70%. The lowest was -21.60%. And the median was 14.50%.

Total Assets is connected with ROA %. Hisense Home Appliances Group Co's annualized ROA % for the quarter that ended in Jun. 2024 was 5.89%. Total Assets is also linked to Revenue through Asset Turnover. Hisense Home Appliances Group Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.36.

Hisense Home Appliances Group Co Total Assets Historical Data

The historical data trend for Hisense Home Appliances Group Co'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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Hisense Home Appliances Group Co Total Assets Chart

Hisense Home Appliances Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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33,990.66

41,811.64

55,948.55

55,375.87

65,946.50

Hisense Home Appliances Group Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															63,914.56	64,442.32	65,946.50	69,737.38	70,721.71

Hisense Home Appliances Group Co 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.

Hisense Home Appliances Group Co'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 )
	=	19396.059	+	46550.436
	=	65,946

Hisense Home Appliances Group Co'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 )
	=	19012.647	+	51709.058
	=	70,722

Hisense Home Appliances Group Co (SZSE:000921) Total Assets Explanation

Total Assets is connected with ROA %.

Hisense Home Appliances Group Co's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	4138.34	/	( (69737.381	+	70721.705)	/ 2 )
	=	4138.34	/	70229.543
	=	5.89 %

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.

Hisense Home Appliances Group Co's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	25155.554	/	( (69737.381	+	70721.705)	/ 2 )
=	25155.554	/	70229.543
=	0.36

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.

Hisense Home Appliances Group Co Total Assets Related Terms

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Hisense Home Appliances Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hisense Home Appliances Group Co Ltd (SZSE:000921) » Definitions » Total Assets

Traded in Other Exchanges

HISEF:USA 00921:Hong Kong GKE:Germany

Address

No. 8 Ronggang Road, Ronggui Street, Shunde District, Guangdong Province, Foshan, CHN, 528303

Website

https://hxjd.hisense.cn

Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from the domestic market.

Executives

Tang Ye Guo	Directors, executives
Fan Wei	Supervisors
Dai Hui Zhong	Director
Jia Shao Qian	Directors, executives
Wang Zhi Gang	Executives
Xiao Jian Lin	Directors, executives
Wang Jiu Cun	Executives

Hisense Home Appliances Group Co Headlines

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