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XXF Group Holdings (HKSE:02473) Total Assets : HK$3,195 Mil (As of Dec. 2023)


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What is XXF Group Holdings Total Assets?

XXF Group Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$3,195 Mil.

During the past 12 months, XXF Group Holdings's average Total Assets Growth Rate was 8.40% per year. During the past 3 years, the average Total Assets Growth Rate was 9.10% per year.

During the past 4 years, XXF Group Holdings's highest 3-Year average Total Assets Growth Rate was 9.10%. The lowest was 9.10%. And the median was 9.10%.

Total Assets is connected with ROA %. XXF Group Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 3.40%. Total Assets is also linked to Revenue through Asset Turnover. XXF Group Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.25.

XXF Group Holdings Total Assets Historical Data

The historical data trend for XXF 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.

XXF Group Holdings Total Assets Chart

XXF Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
2,249.63 2,697.48 2,902.07 3,194.80

XXF Group Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 2,697.48 - 2,902.07 2,957.65 3,194.80

XXF 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.

XXF Group Holdings'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 )
=854.734+2340.07
=3,195

XXF Group Holdings'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 )
=854.734+2340.07
=3,195

* 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.

XXF Group Holdings  (HKSE:02473) Total Assets Explanation

Total Assets is connected with ROA %.

XXF Group Holdings'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 )
=104.68/( (2957.654+3194.803)/ 2 )
=104.68/3076.2285
=3.40 %

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.

XXF Group Holdings'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 )
=769.298/( (2957.654+3194.803)/ 2 )
=769.298/3076.2285
=0.25

* 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.

XXF Group Holdings Total Assets Related Terms

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XXF Group Holdings (HKSE:02473) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XXF Group Holdings Ltd (HKSE:02473) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 318 Fuguang Road, Building 3, Fuxing Economic Development Zone, Jin’an District, Fujian, Fuzhou, CHN
Website
http://www.xxfqc.com
XXF Group Holdings Ltd is an established automobile retailer providing automobile finance lease service primarily through its self-operated sales outlets in the PRC. The Group's principal businesses comprise (i) automobile retail and finance, where it sells non-luxury automobiles mostly on direct finance lease; and (ii) automobile-related businesses, where it principally offers automobile operating lease service and other automobile-related services. It is one of the offline third-party RAFLCs among all the RAFLCs in the market.
Executives
Precious Luck Developments Management Limited 2101 Beneficial owner
Fu Zhou Zhi Tong Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Fu Zhou Wei Chuang Hong Jing Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Bo Yu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Shang Hai Xuan Te Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Zhu Hai Wan He Jin Hua Zi Chan Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Zhu Hai Wan He Xing Sheng Tou Zi Guan Li Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Guo Tou Zi Ben Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Bei Jing Dong Zhang An Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Bei Jing Dong An Wei Ye Tou Zi Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Fo Shan Shi Hui Shang Yin Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Ji Li Qi Ye Guan Li He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Teng Xin Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Bo Li Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Huang Wei 2501 Other

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