Kingbo Strike (HKSE:01421) Total Assets : HK$237.13 Mil (As of Dec. 2023)

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What is Kingbo Strike Total Assets?

Kingbo Strike's Total Assets for the quarter that ended in Dec. 2023 was HK$237.13 Mil.

During the past 12 months, Kingbo Strike's average Total Assets Growth Rate was -33.80% per year. During the past 3 years, the average Total Assets Growth Rate was -9.40% per year. During the past 5 years, the average Total Assets Growth Rate was -9.90% per year. During the past 10 years, the average Total Assets Growth Rate was 15.90% per year.

During the past 11 years, Kingbo Strike's highest 3-Year average Total Assets Growth Rate was 95.20%. The lowest was -13.40%. And the median was -5.30%.

Total Assets is connected with ROA %. Kingbo Strike's annualized ROA % for the quarter that ended in Dec. 2023 was -22.68%. Total Assets is also linked to Revenue through Asset Turnover. Kingbo Strike's Asset Turnover for the quarter that ended in Dec. 2023 was 0.26.

Kingbo Strike Total Assets Historical Data

The historical data trend for Kingbo Strike'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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Kingbo Strike Total Assets Chart

Kingbo Strike Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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481.04

416.23

426.13

309.25

250.65

Kingbo Strike 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															366.00	309.25	366.30	250.65	237.13

Kingbo Strike 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.

Kingbo Strike's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	181.015	+	69.635
	=	250.65

Kingbo Strike'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 )
	=	161.912	+	75.22
	=	237.13

Kingbo Strike (HKSE:01421) Total Assets Explanation

Total Assets is connected with ROA %.

Kingbo Strike'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 )
	=	-55.308	/	( (250.65	+	237.132)	/ 2 )
	=	-55.308	/	243.891
	=	-22.68 %

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.

Kingbo Strike'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 )
=	63.118	/	( (250.65	+	237.132)	/ 2 )
=	63.118	/	243.891
=	0.26

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.

Kingbo Strike Total Assets Related Terms

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Kingbo Strike (HKSE:01421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Kingbo Strike Ltd (HKSE:01421) » Definitions » Total Assets

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Address

No. 61 Mody Road, Unit 1202, 12th Floor, Mirror Tower, Tsim Sha Tsui East, Hong Kong, HKG

Website

http://www.kingbostrike.com

Kingbo Strike Ltd is engaged in the provision of electrical engineering services for public residential and commercial projects as well as deals in solar power business. The company operates in three segments namely, the Engineering Services segment comprises of electrical engineering solutions and related services; Solar power business segment comprises supply and installation services of solar photovoltaic parts and equipment; Electrical distribution system business segment engages in the provision of electrical distribution system. The company generates maximum revenue from the Solar Power Business segment. The company geographically operates in The People's Republic of China, Singapore and Hong Kong.

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