Huaxi Holdings Co (HKSE:01689) Total Assets : HK$488.5 Mil (As of Dec. 2023)

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What is Huaxi Holdings Co Total Assets?

Huaxi Holdings Co's Total Assets for the quarter that ended in Dec. 2023 was HK$488.5 Mil.

During the past 12 months, Huaxi Holdings Co's average Total Assets Growth Rate was -8.90% per year. During the past 3 years, the average Total Assets Growth Rate was -3.00% per year. During the past 5 years, the average Total Assets Growth Rate was 15.80% per year. During the past 10 years, the average Total Assets Growth Rate was 8.50% per year.

During the past 11 years, Huaxi Holdings Co's highest 3-Year average Total Assets Growth Rate was 33.10%. The lowest was -6.10%. And the median was 1.20%.

Total Assets is connected with ROA %. Huaxi Holdings Co's annualized ROA % for the quarter that ended in Dec. 2023 was -13.34%. Total Assets is also linked to Revenue through Asset Turnover. Huaxi Holdings Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.17.

Huaxi Holdings Co Total Assets Historical Data

The historical data trend for Huaxi Holdings Co'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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Huaxi Holdings Co Total Assets Chart

Huaxi Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Total Assets

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484.88

646.63

732.98

577.27

488.50

Huaxi Holdings Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															732.98	635.85	577.27	504.46	488.50

Huaxi Holdings Co 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.

Huaxi Holdings Co'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 )
	=	315.201	+	173.297
	=	488.5

Huaxi Holdings Co'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 )
	=	315.201	+	173.297
	=	488.5

Huaxi Holdings Co (HKSE:01689) Total Assets Explanation

Total Assets is connected with ROA %.

Huaxi Holdings Co'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 )
	=	-66.222	/	( (504.455	+	488.498)	/ 2 )
	=	-66.222	/	496.4765
	=	-13.34 %

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.

Huaxi Holdings Co'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 )
=	84.652	/	( (504.455	+	488.498)	/ 2 )
=	84.652	/	496.4765
=	0.17

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.

Huaxi Holdings Co Total Assets Related Terms

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Huaxi Holdings Co (HKSE:01689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huaxi Holdings Co Ltd (HKSE:01689) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Wanji North Street, Wanji Industrial District, Guangdong Province, Shantou, CHN

Website

https://www.huaxihds.com.hk

Huaxi Holdings Co Ltd is an investment holding company principally engaged in the manufacture and sale of packaging materials for a cigarette in China. It has two reportable segments: Cigarette Packaging Business and Environmental Treatment Business. The products of the group include tipping papers, inner frame aluminum papers, inner laser paper, cigarette box frame paper, and cigarette trademark labels. Geographically all the activities functioned through China, and generate a vast majority of its revenues from the cigarette packaging business.

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