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China Energy Development Holdings (HKSE:00228) Total Assets : HK$2,366.4 Mil (As of Dec. 2023)


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What is China Energy Development Holdings Total Assets?

China Energy Development Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$2,366.4 Mil.

During the past 12 months, China Energy Development Holdings's average Total Assets Growth Rate was -4.40% per year. During the past 3 years, the average Total Assets Growth Rate was -3.50% per year. During the past 5 years, the average Total Assets Growth Rate was 1.10% per year. During the past 10 years, the average Total Assets Growth Rate was -3.40% per year.

During the past 13 years, China Energy Development Holdings's highest 3-Year average Total Assets Growth Rate was 167.40%. The lowest was -43.10%. And the median was 3.60%.

Total Assets is connected with ROA %. China Energy Development Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 2.84%. Total Assets is also linked to Revenue through Asset Turnover. China Energy Development Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

China Energy Development Holdings Total Assets Historical Data

The historical data trend for China Energy Development Holdings'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.

* Premium members only.

China Energy Development Holdings Total Assets Chart

China Energy Development Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,417.20 2,757.37 2,851.58 2,560.11 2,366.42

China Energy Development Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,851.58 2,760.82 2,560.11 2,476.79 2,366.42

China Energy Development Holdings 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.

China Energy Development Holdings'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 )
=1731.856+634.564
=2,366.4

China Energy Development Holdings's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=1731.856+634.564
=2,366.4

* 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.

China Energy Development Holdings  (HKSE:00228) Total Assets Explanation

Total Assets is connected with ROA %.

China Energy Development Holdings's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=68.776/( (2476.79+2366.42)/ 2 )
=68.776/2421.605
=2.84 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) 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.

China Energy Development Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=163.753/( (2476.79+2366.42)/ 2 )
=163.753/2421.605
=0.07

* 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.

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.

China Energy Development Holdings Total Assets Related Terms

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China Energy Development Holdings (HKSE:00228) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Energy Development Holdings Ltd (HKSE:00228) » Definitions » Total Assets
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HKSE:01251 HKSE:00346 SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE HKSE:00386 LSE:BP. BSP:PETR3 OSL:EQNR ADX:ADNOCGAS MIC:LKOH TSX:SU MIL:ENI BOM:500312 MIC:SIBN TSX:CVE TSX:IMO
Traded in Other Exchanges
N/A
Address
No. 88 Yeung Uk Road, Office J, 29th Floor, Plaza 88, Tsuen Wan, New Territories, Hong Kong, HKG
Website
http://www.cnenergy.com.hk
China Energy Development Holdings Ltd is engaged in oil and gas exploration; distribution of natural gas; sales of food and beverages and money lending business in Hong Kong. Its segments include revenue-generating segments: The Exploration, Production, and Distribution of Natural Gas segment engaged in the exploration, development, production, and sales of natural gas and the usage of pipelines for the distribution of natural gas; The Sales of Food and Beverages Business segment is engaged in the sales of food and beverages; and The Money Lending Business segment is engaged in the provision of loans to third parties.
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