Yangtzekiang Garment (HKSE:00294) Total Assets : HK$1,094.5 Mil (As of Mar. 2024)

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What is Yangtzekiang Garment Total Assets?

Yangtzekiang Garment's Total Assets for the quarter that ended in Mar. 2024 was HK$1,094.5 Mil.

During the past 12 months, Yangtzekiang Garment's average Total Assets Growth Rate was -11.00% per year. During the past 3 years, the average Total Assets Growth Rate was -6.30% per year. During the past 5 years, the average Total Assets Growth Rate was -4.30% per year. During the past 10 years, the average Total Assets Growth Rate was -3.20% per year.

During the past 13 years, Yangtzekiang Garment's highest 3-Year average Total Assets Growth Rate was 24.60%. The lowest was -7.80%. And the median was -1.90%.

Total Assets is connected with ROA %. Yangtzekiang Garment's annualized ROA % for the quarter that ended in Mar. 2024 was -5.31%. Total Assets is also linked to Revenue through Asset Turnover. Yangtzekiang Garment's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Yangtzekiang Garment Total Assets Historical Data

The historical data trend for Yangtzekiang Garment'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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Yangtzekiang Garment Total Assets Chart

Yangtzekiang Garment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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1,244.31

1,226.56

1,297.32

1,193.42

1,094.46

Yangtzekiang Garment Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial															1,297.32	1,247.66	1,193.42	1,152.35	1,094.46

Yangtzekiang Garment 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.

Yangtzekiang Garment's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	1023.188	+	71.271
	=	1,094.5

Yangtzekiang Garment's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	1023.188	+	71.271
	=	1,094.5

Yangtzekiang Garment (HKSE:00294) Total Assets Explanation

Total Assets is connected with ROA %.

Yangtzekiang Garment's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-59.61	/	( (1152.352	+	1094.459)	/ 2 )
	=	-59.61	/	1123.4055
	=	-5.31 %

Note: The Net Income data used here is two times the semi-annual (Mar. 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.

Yangtzekiang Garment's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	136.149	/	( (1152.352	+	1094.459)	/ 2 )
=	136.149	/	1123.4055
=	0.12

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.

Yangtzekiang Garment Total Assets Related Terms

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Yangtzekiang Garment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yangtzekiang Garment Ltd (HKSE:00294) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ygm.com.hk

Yangtzekiang Garment Ltd is a Hong Kong-based company principally engaged in garment and property businesses. The company operates through three segments. Manufacture and sale of garments and textiles segment which generates revenue. This segment also covers the provision of garment processing services. Interests in the joint ventures segment are engaged in the manufacture and sales of textile yarn products through its joint ventures. The property leasing segment is engaged in the leasing of commercial and industrial properties. It generates the majority of its revenue from the European region.

Executives

Chan Wing Sun	2101 Beneficial owner
Chan Wing Fui Peter	2101 Beneficial owner

Yangtzekiang Garment Headlines

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