China CITIC Financial Asset Management Co (HKSE:02799) Total Assets : HK$1,058,891 Mil (As of Dec. 2023)

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What is China CITIC Financial Asset Management Co Total Assets?

China CITIC Financial Asset Management Co's Total Assets for the quarter that ended in Dec. 2023 was HK$1,058,891 Mil.

During the past 12 months, China CITIC Financial Asset Management Co's average Total Assets Growth Rate was -1.00% per year. During the past 3 years, the average Total Assets Growth Rate was -18.00% per year. During the past 5 years, the average Total Assets Growth Rate was -12.40% per year.

During the past 10 years, China CITIC Financial Asset Management Co's highest 3-Year average Total Assets Growth Rate was 44.70%. The lowest was -18.00%. And the median was -0.30%.

Total Assets is connected with ROA %. China CITIC Financial Asset Management Co's annualized ROA % for the quarter that ended in Dec. 2023 was 1.40%. Total Assets is also linked to Revenue through Asset Turnover. China CITIC Financial Asset Management Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

China CITIC Financial Asset Management Co Total Assets Historical Data

The historical data trend for China CITIC Financial Asset Management 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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China CITIC Financial Asset Management Co Total Assets Chart

China CITIC Financial Asset Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,897,253.85

1,945,848.69

1,923,276.99

1,069,593.76

1,058,890.80

China CITIC Financial Asset Management Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial														1,923,276.99	1,146,779.14	1,069,593.76	1,022,650.08	1,058,890.80

China CITIC Financial Asset Management 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 CITIC Financial Asset Management 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 )
	=	52541.596	+	1006349.204
	=	1,058,891

China CITIC Financial Asset Management 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 )
	=	52541.596	+	1006349.204
	=	1,058,891

China CITIC Financial Asset Management Co (HKSE:02799) Total Assets Explanation

Total Assets is connected with ROA %.

China CITIC Financial Asset Management 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 )
	=	14617.132	/	( (1022650.076	+	1058890.8)	/ 2 )
	=	14617.132	/	1040770.438
	=	1.40 %

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.

China CITIC Financial Asset Management 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 )
=	11390.554	/	( (1022650.076	+	1058890.8)	/ 2 )
=	11390.554	/	1040770.438
=	0.01

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 CITIC Financial Asset Management Co Total Assets Related Terms

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China CITIC Financial Asset Management Co (HKSE:02799) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China CITIC Financial Asset Management Co Ltd (HKSE:02799) » Definitions » Total Assets

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Traded in Other Exchanges

CHE:Germany

Address

No. 8, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chamc.com.cn

China Huarong Asset Management Co Ltd operates as an asset manager and provides financial services. It has three segments. Its distressed asset management segment includes policy-related DES asset management business based on the commercial buy-out of the company, special situations investments business, distressed asset-based property development business as well as market-oriented DES business of the group. The financial services segment mainly includes securities and futures business, financial leasing business, and banking services business. Asset management and investment segment mainly includes trust business, international business and other business. It derives the majority of its revenues through its distressed asset management services.

Executives

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Gong Yin Jin Rong Zi Chan Tou Zi You Xian Gong Si	2101 Beneficial owner
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Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui	2101 Beneficial owner
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