Hongcheng Environmental Technology Co (HKSE:02265) Total Assets : HK$871.4 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Hongcheng Environmental Technology Co Total Assets?

Hongcheng Environmental Technology Co's Total Assets for the quarter that ended in Dec. 2023 was HK$871.4 Mil.

Warning Sign:

If a company builds assets at 17% a year, faster than its revenue growth rate of 6.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Hongcheng Environmental Technology Co's average Total Assets Growth Rate was 0.90% per year. During the past 3 years, the average Total Assets Growth Rate was 19.60% per year. During the past 5 years, the average Total Assets Growth Rate was 17.00% per year.

During the past 6 years, Hongcheng Environmental Technology Co's highest 3-Year average Total Assets Growth Rate was 19.60%. The lowest was 12.30%. And the median was 13.60%.

Total Assets is connected with ROA %. Hongcheng Environmental Technology Co's annualized ROA % for the quarter that ended in Dec. 2023 was 1.79%. Total Assets is also linked to Revenue through Asset Turnover. Hongcheng Environmental Technology Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.08.

Hongcheng Environmental Technology Co Total Assets Historical Data

The historical data trend for Hongcheng Environmental Technology 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.

Hongcheng Environmental Technology Co Total Assets Chart

Hongcheng Environmental Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

536.03

515.08

762.43

846.23

871.36

Hongcheng Environmental Technology Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial				762.43	793.52	846.23	828.37	871.36

Hongcheng Environmental Technology 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.

Hongcheng Environmental Technology 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 )
	=	515.378	+	355.987
	=	871.4

Hongcheng Environmental Technology 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 )
	=	515.378	+	355.987
	=	871.4

Hongcheng Environmental Technology Co (HKSE:02265) Total Assets Explanation

Total Assets is connected with ROA %.

Hongcheng Environmental Technology 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 )
	=	15.242	/	( (828.369	+	871.364)	/ 2 )
	=	15.242	/	849.8665
	=	1.79 %

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.

Hongcheng Environmental Technology 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 )
=	64.346	/	( (828.369	+	871.364)	/ 2 )
=	64.346	/	849.8665
=	0.08

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.

Hongcheng Environmental Technology Co Total Assets Related Terms

Thank you for viewing the detailed overview of Hongcheng Environmental Technology Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Hongcheng Environmental Technology Co (HKSE:02265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hongcheng Environmental Technology Co Ltd (HKSE:02265) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeyan Road North, Dadongzhuang Village North, Shahe Town, Shandong Province, Yantai, Laizhou, CHN

Website

http://www.sdhcgroup.cn

Hongcheng Environmental Technology Co Ltd is an investment holding company. The company and its subsidiaries are engaged in the provision of gold mine hazardous waste treatment services and recycling and extracting therefrom resources with economic value for sale, such as pyrite concentrate.

Executives

Zeming International Investment Co., Ltd.	2101 Beneficial owner
Liu Ze Ming	2201 Interest of corporation controlled by you
Li Li Yan	2202 Interest of your spouse

Hongcheng Environmental Technology Co (HKSE:02265) Headlines

No Headlines