Hing Ming Holdings (HKSE:08425) Total Assets : HK$170.3 Mil (As of Sep. 2023)

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What is Hing Ming Holdings Total Assets?

Hing Ming Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$170.3 Mil.

During the past 12 months, Hing Ming Holdings's average Total Assets Growth Rate was 2.10% per year. During the past 3 years, the average Total Assets Growth Rate was 8.70% per year. During the past 5 years, the average Total Assets Growth Rate was 14.10% per year.

During the past 9 years, Hing Ming Holdings's highest 3-Year average Total Assets Growth Rate was 57.80%. The lowest was 8.70%. And the median was 31.55%.

Total Assets is connected with ROA %. Hing Ming Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 0.26%. Total Assets is also linked to Revenue through Asset Turnover. Hing Ming Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.12.

Hing Ming Holdings Total Assets Historical Data

The historical data trend for Hing Ming 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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Hing Ming Holdings Total Assets Chart

Hing Ming Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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147.35

150.53

142.46

178.90

178.66

Hing Ming 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															178.28	-	178.66	-	170.27

Hing Ming 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.

Hing Ming 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 )
	=	117.46	+	61.202
	=	178.7

Hing Ming 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 )
	=	121.197	+	49.07
	=	170.3

Hing Ming Holdings (HKSE:08425) Total Assets Explanation

Total Assets is connected with ROA %.

Hing Ming 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 )
	=	0.444	/	( (0	+	170.267)	/ 1 )
	=	0.444	/	170.267
	=	0.26 %

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.

Hing Ming 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 )
=	21.265	/	( (0	+	170.267)	/ 1 )
=	21.265	/	170.267
=	0.12

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.

Hing Ming Holdings Total Assets Related Terms

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Hing Ming Holdings (HKSE:08425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hing Ming Holdings Ltd (HKSE:08425) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-87 Nathan Road, Room A4, 2nd Floor, Tsim Sha Tsui Mansion, Kowloon, Hong Kong, HKG

Website

http://www.hing-ming.com

Hing Ming Holdings Ltd is engaged in the rental of temporary suspended working platforms and other equipment. It also provides trading of equipment and spare parts, such as permanently suspended working platforms, motors, and wire rope and the only operating segment of the Group is rental and related services and trading of equipment and spare parts.

Executives

Leong Cho Mui	2106 Person having a security interest in shares
Hing Gut Limited	2101 Beneficial owner
Au Fung Yee	2202 Interest of your spouse
Tang Hing Keung	2201 Interest of corporation controlled by you
Lee Yu Leung	2101 Beneficial owner
Woo Lan Ying	2101 Beneficial owner
Lu Zhaoqing
Yang Gang

Hing Ming Holdings (HKSE:08425) Headlines

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