Tonking New Energy Group Holdings (HKSE:08326) Total Assets : HK$494.7 Mil (As of Sep. 2023)

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What is Tonking New Energy Group Holdings Total Assets?

Tonking New Energy Group Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$494.7 Mil.

During the past 12 months, Tonking New Energy Group Holdings's average Total Assets Growth Rate was 18.70% per year. During the past 3 years, the average Total Assets Growth Rate was 15.50% per year. During the past 5 years, the average Total Assets Growth Rate was -4.20% per year. During the past 10 years, the average Total Assets Growth Rate was 21.40% per year.

During the past 11 years, Tonking New Energy Group Holdings's highest 3-Year average Total Assets Growth Rate was 119.60%. The lowest was -17.00%. And the median was 7.45%.

Total Assets is connected with ROA %. Tonking New Energy Group Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 1.22%. Total Assets is also linked to Revenue through Asset Turnover. Tonking New Energy Group Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.19.

Tonking New Energy Group Holdings Total Assets Historical Data

The historical data trend for Tonking New Energy 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.

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Tonking New Energy Group Holdings Total Assets Chart

Tonking New Energy Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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486.55

418.55

381.88

423.19

516.08

Tonking New Energy Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															447.52	-	516.08	-	494.70

Tonking New Energy 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.

Tonking New Energy Group Holdings's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	255.91	+	260.173
	=	516.1

Tonking New Energy Group Holdings's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	251.721	+	242.983
	=	494.7

Tonking New Energy Group Holdings (HKSE:08326) Total Assets Explanation

Total Assets is connected with ROA %.

Tonking New Energy Group Holdings's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	6.06	/	( (0	+	494.704)	/ 1 )
	=	6.06	/	494.704
	=	1.22 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Tonking New Energy Group Holdings's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	92.32	/	( (0	+	494.704)	/ 1 )
=	92.32	/	494.704
=	0.19

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.

Tonking New Energy Group Holdings Total Assets Related Terms

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Tonking New Energy Group Holdings (HKSE:08326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tonking New Energy Group Holdings Ltd (HKSE:08326) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

67 Mody Road, Room 701, 7th Floor, Peninsula Centre, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

http://www.tonkinggroup.com.hk

Tonking New Energy Group Holdings Ltd is an investment holding company. The Company's principal activity is the renewable energy business in the People's Republic of China. Its operating segments includes Sales of the patented photovoltaic tracking mounting bracket systems; Provision of one-stop value added solution for photovoltaic power stations and Sales of electricity. The company generates maximum revenue from the Sales of the patented photovoltaic tracking mounting bracket systems segment. The business of the group is primarily operated through Hong Kong and China of which China accounts for a larger share of the revenue.

Executives

Wu Jiannong	2201 Interest of corporation controlled by you
Rise Triumph Limited	2101 Beneficial owner
Xu Jun	2101 Beneficial owner
Victory Stand International Limited	2101 Beneficial owner
Wu Kai Char	2201 Interest of corporation controlled by you

Tonking New Energy Group Holdings (HKSE:08326) Headlines

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