Tokyo Chuo Auction Holdings (HKSE:01939) Equity-to-Asset : 0.59 (As of Sep. 2023)

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What is Tokyo Chuo Auction Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tokyo Chuo Auction Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$255.26 Mil. Tokyo Chuo Auction Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$435.97 Mil. Therefore, Tokyo Chuo Auction Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.59.

The historical rank and industry rank for Tokyo Chuo Auction Holdings's Equity-to-Asset or its related term are showing as below:

HKSE:01939' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18 Med: 0.49 Max: 0.59
Current: 0.59

During the past 8 years, the highest Equity to Asset Ratio of Tokyo Chuo Auction Holdings was 0.59. The lowest was 0.18. And the median was 0.49.

HKSE:01939's Equity-to-Asset is ranked better than
72.03% of 1119 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs HKSE:01939: 0.59

Tokyo Chuo Auction Holdings Equity-to-Asset Historical Data

The historical data trend for Tokyo Chuo Auction Holdings's Equity-to-Asset 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.

* Premium members only.

Tokyo Chuo Auction Holdings Equity-to-Asset Chart

Tokyo Chuo Auction Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.51

0.55

0.48

0.56

Tokyo Chuo Auction Holdings Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial										0.44	0.48	0.51	0.56	0.59

Competitive Comparison of Tokyo Chuo Auction Holdings's Equity-to-Asset

For the Specialty Retail subindustry, Tokyo Chuo Auction Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tokyo Chuo Auction Holdings's Equity-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tokyo Chuo Auction Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tokyo Chuo Auction Holdings's Equity-to-Asset falls into.

Tokyo Chuo Auction Holdings Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Tokyo Chuo Auction Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	259.317	/	466.001
	=	0.56

Tokyo Chuo Auction Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	255.262	/	435.973
	=	0.59

Tokyo Chuo Auction Holdings (HKSE:01939) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Tokyo Chuo Auction Holdings Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Tokyo Chuo Auction Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tokyo Chuo Auction Holdings (HKSE:01939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tokyo Chuo Auction Holdings Ltd (HKSE:01939) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-5 Kyobashi, Chou-Ku, 2nd and 3rd Floor, Kyobashi Square, Tokyo, JPN, 104-0031

Website

https://www.chuo-auction.com.hk

Tokyo Chuo Auction Holdings Ltd is an investment holding company. The company's operating segment includes the Operation of art auction and related business and Artwork sales. The company is in auctioneering a wide variety of artworks with emphasis on Chinese and Japanese artworks, including Chinese paintings and calligraphies, Chinese antiques and Japanese and Chinese teawares. It generates maximum revenue from the Operation of art auction and related business and Artwork sales segment. Geographically, it derives a majority of revenue from Japan.

Tokyo Chuo Auction Holdings (HKSE:01939) Headlines

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