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China Gas Industry Investment Holdings Co (HKSE:01940) Total Assets : HK$2,705 Mil (As of Dec. 2023)


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What is China Gas Industry Investment Holdings Co Total Assets?

China Gas Industry Investment Holdings Co's Total Assets for the quarter that ended in Dec. 2023 was HK$2,705 Mil.

Warning Sign:

If a company builds assets at 5.1% a year, faster than its revenue growth rate of 3.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, China Gas Industry Investment Holdings Co's average Total Assets Growth Rate was -1.00% per year. During the past 3 years, the average Total Assets Growth Rate was 1.30% per year. During the past 5 years, the average Total Assets Growth Rate was 5.10% per year.

During the past 7 years, China Gas Industry Investment Holdings Co's highest 3-Year average Total Assets Growth Rate was 11.50%. The lowest was 1.30%. And the median was 7.60%.

Total Assets is connected with ROA %. China Gas Industry Investment Holdings Co's annualized ROA % for the quarter that ended in Dec. 2023 was 4.59%. Total Assets is also linked to Revenue through Asset Turnover. China Gas Industry Investment Holdings Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.31.

China Gas Industry Investment Holdings Co Total Assets Historical Data

The historical data trend for China Gas Industry Investment 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.

* Premium members only.

China Gas Industry Investment Holdings Co Total Assets Chart

China Gas Industry Investment Holdings Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 2,283.96 2,992.88 2,946.13 2,910.91 2,704.87

China Gas Industry Investment Holdings Co Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,946.13 2,962.51 2,910.91 2,874.91 2,704.87

China Gas Industry Investment 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.

China Gas Industry Investment 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 )
=1655.358+1049.515
=2,705

China Gas Industry Investment 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 )
=1655.358+1049.515
=2,705

* 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.

China Gas Industry Investment Holdings Co  (HKSE:01940) Total Assets Explanation

Total Assets is connected with ROA %.

China Gas Industry Investment 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 )
=128.136/( (2874.91+2704.873)/ 2 )
=128.136/2789.8915
=4.59 %

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 Gas Industry Investment 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 )
=856.512/( (2874.91+2704.873)/ 2 )
=856.512/2789.8915
=0.31

* 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.

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 Gas Industry Investment Holdings Co Total Assets Related Terms

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China Gas Industry Investment Holdings Co (HKSE:01940) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Industry Investment Holdings Co Ltd (HKSE:01940) » Definitions » Total Assets
Comparable Companies
HKSE:01265 HKSE:01407 HKSE:00681 HKSE:09908 HKSE:06661 HKSE:06828 HKSE:02886 XMAD:NTGY ASX:APA ATO MIL:SRG HKSE:00003 NI TSE:9531 BOM:532155 HKSE:02688 TSE:9532 BOM:542066 XKLS:6033 HKSE:01193
Traded in Other Exchanges
N/A
Address
No. 9 Binhe Road, Lubei District, Hebei Province, Tangshan, CHN
Website
https://www.cgiiholdings.com
China Gas Industry Investment Holdings Co Ltd is an industrial gas supplier in the Jing-Jin-Ji Region. It is focused on the supply of pipeline industrial gas and liquefied industrial gas and also operates an LNG-related business which includes the supply of LNG and provision of gas transmission service relatively small scale. The company produces and supplies liquefied industrial gas to offsite independent end-user customers. Its segments include the Supply of industrial gas; Liquefied natural gas (LNG) and gas transmission service.
Executives
Hong Kong Kaiyuan Import & Export Co., Limited 2101 Beneficial owner
Temasek Holdings (private) Limited
Shang Hai Hui Tang Zhi He Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
He Gang Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
He Gang Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Han Dan Gang Tie Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Huitang Zhihe (hong Kong) Co., Limited 2101 Beneficial owner
Thomson Capital Pte. Ltd.
Tembusu Capital Pte. Ltd.
Anderson Investments Pte. Ltd.
Springleaf Investments Pte. Ltd.
Huang He Investment Limited 2201 Interest of corporation controlled by you
Citp Gp I Ltd 2201 Interest of corporation controlled by you
China Infrastructure Partners, L.p. 2201 Interest of corporation controlled by you
China Gas Investors Ltd. 2101 Beneficial owner

China Gas Industry Investment Holdings Co (HKSE:01940) Headlines

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