Mi Ming Mart Holdings (HKSE:08473) Total Assets : HK$175.6 Mil (As of Sep. 2023)

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What is Mi Ming Mart Holdings Total Assets?

Mi Ming Mart Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$175.6 Mil.

During the past 12 months, Mi Ming Mart Holdings's average Total Assets Growth Rate was -3.90% per year. During the past 3 years, the average Total Assets Growth Rate was 13.00% per year. During the past 5 years, the average Total Assets Growth Rate was 34.20% per year.

During the past 9 years, Mi Ming Mart Holdings's highest 3-Year average Total Assets Growth Rate was 46.00%. The lowest was 13.00%. And the median was 40.95%.

Total Assets is connected with ROA %. Mi Ming Mart Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 16.21%. Total Assets is also linked to Revenue through Asset Turnover. Mi Ming Mart Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.24.

Mi Ming Mart Holdings Total Assets Historical Data

The historical data trend for Mi Ming Mart 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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Mi Ming Mart Holdings Total Assets Chart

Mi Ming Mart Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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127.06

145.34

181.66

177.93

177.36

Mi Ming Mart 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															184.67	-	177.36	-	175.57

Mi Ming Mart 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.

Mi Ming Mart 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 )
	=	144.917	+	32.439
	=	177.4

Mi Ming Mart 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 )
	=	146.571	+	29
	=	175.6

Mi Ming Mart Holdings (HKSE:08473) Total Assets Explanation

Total Assets is connected with ROA %.

Mi Ming Mart 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 )
	=	28.456	/	( (0	+	175.571)	/ 1 )
	=	28.456	/	175.571
	=	16.21 %

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.

Mi Ming Mart 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 )
=	42.454	/	( (0	+	175.571)	/ 1 )
=	42.454	/	175.571
=	0.24

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.

Mi Ming Mart Holdings Total Assets Related Terms

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Mi Ming Mart Holdings (HKSE:08473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mi Ming Mart Holdings Ltd (HKSE:08473) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Pennington Street, 16th Floor, Guangdong Tours Centre, Hong Kong, HKG

Website

https://www.mimingmart.com

Mi Ming Mart Holdings Ltd is an investment holding company. The company's only reporting segment is the marketing, selling, and distributing of a wide range of beauty and health products. It generates revenue from Skincare, Cosmetics, Food and health supplements, and Other products. Geographically, it derives revenue from Hong Kong. Most of its revenue gets derived from the sale of goods, provision of beauty services and consignment income..

Executives

Prime Era Holdings Limited	2101 Beneficial owner
Lam Yue Yeung Anthony	2202 Interest of your spouse
Yuen Mi Ming Erica	2201 Interest of corporation controlled by you
Ying Ka Kwok Tania	2101 Beneficial owner

Mi Ming Mart Holdings (HKSE:08473) Headlines

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