China Renewable Energy Investment (HKSE:00987) Total Assets : HK$2,251.2 Mil (As of Dec. 2023)

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What is China Renewable Energy Investment Total Assets?

China Renewable Energy Investment's Total Assets for the quarter that ended in Dec. 2023 was HK$2,251.2 Mil.

During the past 12 months, China Renewable Energy Investment's average Total Assets Growth Rate was -12.60% per year. During the past 3 years, the average Total Assets Growth Rate was -8.40% per year. During the past 5 years, the average Total Assets Growth Rate was -1.90% per year. During the past 10 years, the average Total Assets Growth Rate was 0.90% per year.

During the past 13 years, China Renewable Energy Investment's highest 3-Year average Total Assets Growth Rate was 296.20%. The lowest was -8.40%. And the median was 0.40%.

Total Assets is connected with ROA %. China Renewable Energy Investment's annualized ROA % for the quarter that ended in Dec. 2023 was -1.09%. Total Assets is also linked to Revenue through Asset Turnover. China Renewable Energy Investment's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

China Renewable Energy Investment Total Assets Historical Data

The historical data trend for China Renewable Energy Investment'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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China Renewable Energy Investment Total Assets Chart

China Renewable Energy Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,794.65

2,904.34

2,912.47

2,619.00

2,251.21

China Renewable Energy Investment 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															2,912.47	2,767.39	2,619.00	2,374.69	2,251.21

China Renewable Energy Investment 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 Renewable Energy Investment'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 )
	=	1873.981	+	377.233
	=	2,251.2

China Renewable Energy Investment'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 )
	=	1873.981	+	377.233
	=	2,251.2

China Renewable Energy Investment (HKSE:00987) Total Assets Explanation

Total Assets is connected with ROA %.

China Renewable Energy Investment'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 )
	=	-25.144	/	( (2374.693	+	2251.214)	/ 2 )
	=	-25.144	/	2312.9535
	=	-1.09 %

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 Renewable Energy Investment'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 )
=	83.517	/	( (2374.693	+	2251.214)	/ 2 )
=	83.517	/	2312.9535
=	0.04

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 Renewable Energy Investment Total Assets Related Terms

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China Renewable Energy Investment (HKSE:00987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Renewable Energy Investment Ltd (HKSE:00987) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

75 Mody Road, 9th Floor, Tower 1, South Seas Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

https://www.cre987.com

China Renewable Energy Investment Ltd is an investment holding company. The principal activity of the group is the renewable energy business. It conducts a majority of its business operations in the People's Republic of China. The company's sales of electricity were all generated by the wind power plants and a distributed solar project of the group. Some of its projects are Danjinghe, Nanxun, Mudanjiang, and Songxian, among others.

Executives

Claudio Holdings Limited	2201 Interest of corporation controlled by you
Hkc (holdings) Limited	2201 Interest of corporation controlled by you
Oei Kang, Eric	2201 Interest of corporation controlled by you
Oei Valonia Lau	2202 Interest of your spouse
Genesis Capital Group Limited	2101 Beneficial owner
Creator Holdings Limited	2101 Beneficial owner

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