Tak Lee Machinery Holdings (HKSE:02102) Total Assets : HK$509.7 Mil (As of Jan. 2024)

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What is Tak Lee Machinery Holdings Total Assets?

Tak Lee Machinery Holdings's Total Assets for the quarter that ended in Jan. 2024 was HK$509.7 Mil.

During the past 12 months, Tak Lee Machinery Holdings's average Total Assets Growth Rate was 4.10% per year. During the past 3 years, the average Total Assets Growth Rate was -1.40% per year. During the past 5 years, the average Total Assets Growth Rate was -0.60% per year.

During the past 9 years, Tak Lee Machinery Holdings's highest 3-Year average Total Assets Growth Rate was 41.20%. The lowest was -2.80%. And the median was 9.95%.

Total Assets is connected with ROA %. Tak Lee Machinery Holdings's annualized ROA % for the quarter that ended in Jan. 2024 was 3.37%. Total Assets is also linked to Revenue through Asset Turnover. Tak Lee Machinery Holdings's Asset Turnover for the quarter that ended in Jan. 2024 was 0.26.

Tak Lee Machinery Holdings Total Assets Historical Data

The historical data trend for Tak Lee Machinery 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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Tak Lee Machinery Holdings Total Assets Chart

Tak Lee Machinery Holdings Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Total Assets

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543.51

540.35

510.40

530.39

499.20

Tak Lee Machinery Holdings Semi-Annual Data
	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Total Assets	Get a 7-Day Free Trial													485.47	530.39	492.48	499.20	509.68

Tak Lee Machinery 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.

Tak Lee Machinery Holdings's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (A: Jul. 2023 )	+	Total Liabilities (A: Jul. 2023 )
	=	441.641	+	57.561
	=	499.2

Tak Lee Machinery Holdings's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	445.151	+	64.531
	=	509.7

Tak Lee Machinery Holdings (HKSE:02102) Total Assets Explanation

Total Assets is connected with ROA %.

Tak Lee Machinery Holdings's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	17.02	/	( (499.202	+	509.682)	/ 2 )
	=	17.02	/	504.442
	=	3.37 %

Note: The Net Income data used here is two times the semi-annual (Jan. 2024) 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.

Tak Lee Machinery Holdings's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	132.583	/	( (499.202	+	509.682)	/ 2 )
=	132.583	/	504.442
=	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.

Tak Lee Machinery Holdings Total Assets Related Terms

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Tak Lee Machinery Holdings (HKSE:02102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tak Lee Machinery Holdings Ltd (HKSE:02102) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

D.D. 111, Lot No. 117, Sheung Che Village, Pat Heung, Yuen Long, New Territories, Hong Kong, HKG

Website

https://www.tlmc-hk.com

Tak Lee Machinery Holdings Ltd is an earthmoving equipment sales and leasing service provider. The company's operating segment includes Sales of heavy equipment and spare parts; Lease of heavy equipment and Maintenance and ancillary services. It generates maximum revenue from the Sales of heavy equipment and spare parts segment which includes trading of heavy equipment and spare parts in Hong Kong. Geographically, it derives revenue from Hong Kong.

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