China Chengtong Development Group (HKSE:00217) Total Assets : HK$10,570.2 Mil (As of Dec. 2023)

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What is China Chengtong Development Group Total Assets?

China Chengtong Development Group's Total Assets for the quarter that ended in Dec. 2023 was HK$10,570.2 Mil.

During the past 12 months, China Chengtong Development Group's average Total Assets Growth Rate was 3.90% per year. During the past 3 years, the average Total Assets Growth Rate was 49.60% per year. During the past 5 years, the average Total Assets Growth Rate was 45.50% per year. During the past 10 years, the average Total Assets Growth Rate was 5.30% per year.

During the past 13 years, China Chengtong Development Group's highest 3-Year average Total Assets Growth Rate was 143.80%. The lowest was -45.00%. And the median was 24.50%.

Total Assets is connected with ROA %. China Chengtong Development Group's annualized ROA % for the quarter that ended in Dec. 2023 was 0.55%. Total Assets is also linked to Revenue through Asset Turnover. China Chengtong Development Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

China Chengtong Development Group Total Assets Historical Data

The historical data trend for China Chengtong Development Group'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 Chengtong Development Group Total Assets Chart

China Chengtong Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,600.66

3,906.75

8,167.81

10,009.74

10,570.20

China Chengtong Development Group Semi-Annual Data
	Jun14	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															8,167.81	8,146.80	10,009.74	10,862.88	10,570.20

China Chengtong Development Group 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 Chengtong Development Group'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 )
	=	2860.103	+	7710.093
	=	10,570.2

China Chengtong Development Group'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 )
	=	2860.103	+	7710.093
	=	10,570.2

China Chengtong Development Group (HKSE:00217) Total Assets Explanation

Total Assets is connected with ROA %.

China Chengtong Development Group'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 )
	=	58.524	/	( (10862.876	+	10570.196)	/ 2 )
	=	58.524	/	10716.536
	=	0.55 %

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 Chengtong Development Group'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 )
=	367.194	/	( (10862.876	+	10570.196)	/ 2 )
=	367.194	/	10716.536
=	0.03

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 Chengtong Development Group Total Assets Related Terms

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China Chengtong Development Group (HKSE:00217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Chengtong Development Group Ltd (HKSE:00217) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

CCO:Germany

Address

18 Harbour Road, Suite 6406, 64th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.hk217.com

China Chengtong Development Group is an investment holding company and has its operations divided into five business segments: property development, property investment, finance leasing, bulk commodity trade, and marine recreation services and hotel. The property development segment holds land for property development projects. The property investment segment offers rental services and holds investment properties for appreciation. The finance leasing segment offers finance leasing services, such as arranging sales and leaseback transactions. The bulk commodity trade segment, which generates the vast majority of the company's revenue, includes the trading of coal, steel, and nonferrous metal. The company earns its revenue in the People's Republic of China.

Executives

China Chengtong Holdings Group Limited	2201 Interest of corporation controlled by you
China Chengtong Hong Kong Company Limited	2101 Beneficial owner

China Chengtong Development Group (HKSE:00217) Headlines

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