Progressive Path Group Holdings (HKSE:01581) Total Assets : HK$565.2 Mil (As of Sep. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Progressive Path Group Holdings Total Assets?

Progressive Path Group Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$565.2 Mil.

During the past 12 months, Progressive Path Group Holdings's average Total Assets Growth Rate was 7.50% per year. During the past 3 years, the average Total Assets Growth Rate was 15.60% per year. During the past 5 years, the average Total Assets Growth Rate was 9.50% per year.

During the past 10 years, Progressive Path Group Holdings's highest 3-Year average Total Assets Growth Rate was 30.70%. The lowest was -4.30%. And the median was 8.80%.

Total Assets is connected with ROA %. Progressive Path Group Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 1.07%. Total Assets is also linked to Revenue through Asset Turnover. Progressive Path Group Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.53.

Progressive Path Group Holdings Total Assets Historical Data

The historical data trend for Progressive Path 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.

* Premium members only.

Progressive Path Group Holdings Total Assets Chart

Progressive Path Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

Get a 7-Day Free Trial

351.27

362.79

389.74

471.06

567.11

Progressive Path Group Holdings Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial														432.17	471.06	550.04	567.11	565.19

Progressive Path 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.

Progressive Path Group Holdings's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	234.389	+	332.724
	=	567.1

Progressive Path Group Holdings's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	237.411	+	327.782
	=	565.2

Progressive Path Group Holdings (HKSE:01581) Total Assets Explanation

Total Assets is connected with ROA %.

Progressive Path Group Holdings's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	6.046	/	( (567.113	+	565.193)	/ 2 )
	=	6.046	/	566.153
	=	1.07 %

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

Progressive Path Group Holdings's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	299.22	/	( (567.113	+	565.193)	/ 2 )
=	299.22	/	566.153
=	0.53

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.

Progressive Path Group Holdings Total Assets Related Terms

Thank you for viewing the detailed overview of Progressive Path Group Holdings's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Progressive Path Group Holdings (HKSE:01581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Progressive Path Group Holdings Ltd (HKSE:01581) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 22 Hoi Wing Road, Unit 1108, 11th Floor, Tuen Mun Central Square, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.ppgh.com.hk

Progressive Path Group Holdings Ltd is engaged in construction engineering work and the provision of construction machinery rental services in Hong Kong. Its construction machinery rental services represent the rental of construction machines and construction vehicles to customers, and the provision of machine operators and transportation services as part of its one-stop construction machinery rental services. Its construction works represent the construction projects undertaken, the nature of which are broadly classified as foundation and site formation works, and builder's work and general building works. Its segments are Construction works and Construction Machinery Rental.

Executives

Profit Gold Global Limited	2101 Beneficial owner
Kwok Wai Sheung Melody	2202 Interest of your spouse
Wu Wing Hang	2201 Interest of corporation controlled by you

Progressive Path Group Holdings (HKSE:01581) Headlines

No Headlines