Hongbo Co (SZSE:002229) Total Assets : ¥3,331.6 Mil (As of Sep. 2024)

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What is Hongbo Co Total Assets?

Hongbo Co's Total Assets for the quarter that ended in Sep. 2024 was ¥3,331.6 Mil.

During the past 12 months, Hongbo Co's average Total Assets Growth Rate was 58.10% per year. During the past 3 years, the average Total Assets Growth Rate was 21.80% per year. During the past 5 years, the average Total Assets Growth Rate was 8.70% per year. During the past 10 years, the average Total Assets Growth Rate was 3.10% per year.

During the past 13 years, Hongbo Co's highest 3-Year average Total Assets Growth Rate was 67.20%. The lowest was -4.80%. And the median was 11.75%.

Total Assets is connected with ROA %. Hongbo Co's annualized ROA % for the quarter that ended in Sep. 2024 was -2.66%. Total Assets is also linked to Revenue through Asset Turnover. Hongbo Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.

Hongbo Co Total Assets Historical Data

The historical data trend for Hongbo 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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Hongbo Co Total Assets Chart

Hongbo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,123.46

2,170.49

2,417.66

2,460.75

3,081.20

Hongbo Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															2,554.86	3,081.20	3,388.56	3,430.41	3,331.63

Hongbo 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.

Hongbo 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 )
	=	1661.545	+	1419.655
	=	3,081.2

Hongbo Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	1579.68	+	1751.948
	=	3,331.6

Hongbo Co (SZSE:002229) Total Assets Explanation

Total Assets is connected with ROA %.

Hongbo Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-89.836	/	( (3430.411	+	3331.628)	/ 2 )
	=	-89.836	/	3381.0195
	=	-2.66 %

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

Hongbo Co's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	125.686	/	( (3430.411	+	3331.628)	/ 2 )
=	125.686	/	3381.0195
=	0.04

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.

Hongbo Co Total Assets Related Terms

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Hongbo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hongbo Co Ltd (SZSE:002229) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136 Jinda Road, Jinshan Development Zone, Fujian Province, Fuzhou, CHN, 350002

Website

http://www.hb-print.com.cn

Hongbo Co Ltd is a China-based company engaged in the security printing business. It is involved in the printing of commercial bills in China. The company's main products are heat-sensitive paper tickets, general paper tickets and paper packaging products for office use. In addition, the company is also involved in the other businesses such as the Lottery industry, Security printing, Packaging industry, Color printing industry, Internet of things industry, and Business and interactive entertainment industry.

Executives

You You Luan	Directors, executives
He Ai Ping	Supervisors
Chen Xian Zhang	Secretary Dong
Zhou Mei Mei	Directors, executives
You Li Juan	Director
You Yu Xian	Director
Xie You Jun	Supervisors
Guo Bin	Executives
Wang Wen Jing	Supervisors
Yang You Lin	Director
Liu Yuan Hai	Supervisors
Zhang Jian Jun	Executives

Hongbo Co Headlines

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