LET Group Holdings (HKSE:01383) Total Assets : HK$6,983.3 Mil (As of Jun. 2023)

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What is LET Group Holdings Total Assets?

LET Group Holdings's Total Assets for the quarter that ended in Jun. 2023 was HK$6,983.3 Mil.

During the past 12 months, LET Group Holdings's average Total Assets Growth Rate was -4.20% per year. During the past 3 years, the average Total Assets Growth Rate was 10.10% per year. During the past 5 years, the average Total Assets Growth Rate was 16.70% per year. During the past 10 years, the average Total Assets Growth Rate was 4.10% per year.

During the past 13 years, LET Group Holdings's highest 3-Year average Total Assets Growth Rate was 75.80%. The lowest was -14.70%. And the median was 6.80%.

Total Assets is connected with ROA %. LET Group Holdings's annualized ROA % for the quarter that ended in Jun. 2023 was 16.98%. Total Assets is also linked to Revenue through Asset Turnover. LET Group Holdings's Asset Turnover for the quarter that ended in Jun. 2023 was 0.03.

LET Group Holdings Total Assets Historical Data

The historical data trend for LET Group 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.

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LET Group Holdings Total Assets Chart

LET Group Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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3,933.80

4,598.12

10,730.86

8,331.83

6,788.27

LET Group Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial															9,723.44	8,331.83	7,880.85	6,788.27	6,983.28

LET Group 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.

LET Group Holdings's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	4310.233	+	2478.033
	=	6,788.3

LET Group Holdings's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	5133.296	+	1849.981
	=	6,983.3

LET Group Holdings (HKSE:01383) Total Assets Explanation

Total Assets is connected with ROA %.

LET Group Holdings's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	1169.31	/	( (6788.266	+	6983.277)	/ 2 )
	=	1169.31	/	6885.7715
	=	16.98 %

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

LET Group Holdings's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	190.918	/	( (6788.266	+	6983.277)	/ 2 )
=	190.918	/	6885.7715
=	0.03

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.

LET Group Holdings Total Assets Related Terms

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LET Group Holdings (HKSE:01383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » LET Group Holdings Ltd (HKSE:01383) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

168–200 Connaught Road, Unit 1705, 17th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

https://www.suncitygroupholdings.com

LET Group Holdings Ltd develops and operates integrated resorts across Asia, including the Russian Federation, the Philippines, Japan, Hong Kong, The PRC and Vietnam. The group also operates in the mall operation segment.

Executives

Lo Kai Bong	2101 Beneficial owner
Major Success Group Limited	2101 Beneficial owner
Allied Group Limited	2201 Interest of corporation controlled by you
Lee Seng Hui	2103 Interests held jointly with another person
First Asian Holdings Limited	2103 Interests held jointly with another person
Sun Hung Kai & Co. Limited	2201 Interest of corporation controlled by you
United Asia Finance Limited	2201 Interest of corporation controlled by you
Wooco Secretarial Services Limited	2104 Agent
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
Lee Shu Yin	2103 Interests held jointly with another person
Apac Resources Limited	2201 Interest of corporation controlled by you
Champion Trade Group Limited	2101 Beneficial owner

LET Group Holdings (HKSE:01383) Headlines

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