GCL New Energy Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$7,116.4 Mil.
During the past 12 months, GCL New Energy Holdings's average Total Assets Growth Rate was -48.70% per year.
During the past 3 years, the average Total Assets Growth Rate was -50.00% per year.
During the past 5 years, the average Total Assets Growth Rate was -39.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 15.10% per year.
During the past 13 years, GCL New Energy Holdings's highest 3-Year average Total Assets Growth Rate was 244.30%. The lowest was -50.00%. And the median was 14.20%.
* 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.
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.
GCL New Energy Holdings's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
GCL New Energy Holdings (HKSE:00451) Total Assets Explanation
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.
GCL New Energy Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
GCL New Energy Holdings Total Assets Related Terms
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GCL New Energy Holdings (HKSE:00451) Business Description
GCL New Energy Holdings Ltd is an investment holding company that engages in the sale of electricity and development, construction, operation, and management of solar power plants. The company generates nearly all of its revenue from China.
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