Hong Kong ChaoShang Group (HKSE:02322) Total Assets : HK$767.6 Mil (As of Mar. 2024)

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What is Hong Kong ChaoShang Group Total Assets?

Hong Kong ChaoShang Group's Total Assets for the quarter that ended in Mar. 2024 was HK$767.6 Mil.

During the past 12 months, Hong Kong ChaoShang Group's average Total Assets Growth Rate was -18.80% per year. During the past 3 years, the average Total Assets Growth Rate was -8.00% per year. During the past 5 years, the average Total Assets Growth Rate was -0.10% per year. During the past 10 years, the average Total Assets Growth Rate was 19.10% per year.

During the past 13 years, Hong Kong ChaoShang Group's highest 3-Year average Total Assets Growth Rate was 181.70%. The lowest was -40.00%. And the median was -2.30%.

Total Assets is connected with ROA %. Hong Kong ChaoShang Group's annualized ROA % for the quarter that ended in Mar. 2024 was -22.12%. Total Assets is also linked to Revenue through Asset Turnover. Hong Kong ChaoShang Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.07.

Hong Kong ChaoShang Group Total Assets Historical Data

The historical data trend for Hong Kong ChaoShang 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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Hong Kong ChaoShang Group Total Assets Chart

Hong Kong ChaoShang Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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1,044.11

1,067.75

1,018.66

916.10

767.56

Hong Kong ChaoShang Group 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															1,018.66	932.42	916.10	893.36	767.56

Hong Kong ChaoShang 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.

Hong Kong ChaoShang Group'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 )
	=	723.785	+	43.778
	=	767.6

Hong Kong ChaoShang Group'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 )
	=	723.785	+	43.778
	=	767.6

Hong Kong ChaoShang Group (HKSE:02322) Total Assets Explanation

Total Assets is connected with ROA %.

Hong Kong ChaoShang Group'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 )
	=	-183.658	/	( (893.362	+	767.563)	/ 2 )
	=	-183.658	/	830.4625
	=	-22.12 %

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.

Hong Kong ChaoShang Group'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 )
=	56.952	/	( (893.362	+	767.563)	/ 2 )
=	56.952	/	830.4625
=	0.07

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.

Hong Kong ChaoShang Group Total Assets Related Terms

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Hong Kong ChaoShang Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hong Kong ChaoShang Group Ltd (HKSE:02322) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Suite 2202, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chaoshang.hk

Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Money lending & factoring segment, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC and Hong Kong. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing, and asset management services in Hong Kong. Geographically, it generates the majority of its revenue from the PRC.

Executives

Lau Hoi Kit	2101 Beneficial owner
Superb Smart Limited	2101 Beneficial owner
Zheng Juhua	2201 Interest of corporation controlled by you

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