Weihai City Commercial Bank Co (HKSE:09677) Total Assets : HK$428,627 Mil (As of Dec. 2023)

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What is Weihai City Commercial Bank Co Total Assets?

Weihai City Commercial Bank Co's Total Assets for the quarter that ended in Dec. 2023 was HK$428,627 Mil.

During the past 12 months, Weihai City Commercial Bank Co's average Total Assets Growth Rate was 12.40% per year. During the past 3 years, the average Total Assets Growth Rate was 11.70% per year. During the past 5 years, the average Total Assets Growth Rate was 14.50% per year.

During the past 7 years, Weihai City Commercial Bank Co's highest 3-Year average Total Assets Growth Rate was 17.40%. The lowest was 9.30%. And the median was 14.00%.

Total Assets is connected with ROA %. Weihai City Commercial Bank Co's annualized ROA % for the quarter that ended in Dec. 2023 was 0.46%. Total Assets is also linked to Revenue through Asset Turnover. Weihai City Commercial Bank Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Weihai City Commercial Bank Co Total Assets Historical Data

The historical data trend for Weihai City Commercial Bank 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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Weihai City Commercial Bank Co Total Assets Chart

Weihai City Commercial Bank Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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249,963.35

317,223.74

372,875.80

383,818.25

428,626.60

Weihai City Commercial Bank Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial							372,875.80	389,942.81	383,818.25	411,787.95	428,626.60

Weihai City Commercial Bank 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.

Weihai City Commercial Bank 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 )
	=	30634.442	+	397992.156
	=	428,627

Weihai City Commercial Bank 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 )
	=	30634.442	+	397992.156
	=	428,627

Weihai City Commercial Bank Co (HKSE:09677) Total Assets Explanation

Total Assets is connected with ROA %.

Weihai City Commercial Bank 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 )
	=	1938.986	/	( (411787.949	+	428626.598)	/ 2 )
	=	1938.986	/	420207.2735
	=	0.46 %

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.

Weihai City Commercial Bank 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 )
=	4029.756	/	( (411787.949	+	428626.598)	/ 2 )
=	4029.756	/	420207.2735
=	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.

Weihai City Commercial Bank Co Total Assets Related Terms

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Weihai City Commercial Bank Co (HKSE:09677) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Weihai City Commercial Bank Co Ltd (HKSE:09677) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 9 Baoquan Road, Finance Building, Shandong Province, Weihai, CHN, 264200

Website

https://www.whccb.com

Weihai City Commercial Bank Co Ltd offers banking services. The group's principal businesses include corporate banking, retail banking, financial market business, and others. It generates maximum revenue from the corporate banking segment. The Corporate banking segment represents the provision of a range of financial products and services to corporations, government agencies, and financial institutions. Its products and services include corporate loans and advances, trade financing, deposit-taking activities, agency services, wealth management services, consulting and advisory services, remittance and settlement services, guarantee services, and finance leasing services.

Executives

Teda Investment Holding Co., Ltd.	2101 Beneficial owner
Jin Lian Ji Tuan You Xian Gong Si	2101 Beneficial owner
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Trafigura Pte Ltd	2101 Beneficial owner
Global Miles International Holdings Limited	2101 Beneficial owner
He Ze Cheng Tou Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Heze City Investment Holdings Hong Kong International Co.,limited	2101 Beneficial owner
Liu Zhiming	2201 Interest of corporation controlled by you
Shan Dong Tong Da Jin Rong Zu Lin You Xian Gong Si	2106 Person having a security interest in shares
Shan Dong Zhao Jin Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao Jin Kuang Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shan Dong Zhao Jin Ji Tuan Cai Wu You Xian Gong Si	2101 Beneficial owner
China Hongqiao Group Limited	2101 Beneficial owner
Ji Nan Li Cheng Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner

Weihai City Commercial Bank Co (HKSE:09677) Headlines

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