China Gas Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$149,355 Mil.
Warning Sign:
If a company builds assets at 15.5% a year, faster than its revenue growth rate of 10.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, China Gas Holdings's average Total Assets Growth Rate was -3.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 11.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 15.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 18.90% per year.
During the past 13 years, China Gas Holdings's highest 3-Year average Total Assets Growth Rate was 178.00%. The lowest was 11.80%. And the median was 21.90%.
The historical data trend for China Gas 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.
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 Gas Holdings's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
China Gas Holdings (HKSE:00384) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (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.
China Gas Holdings's Asset Turnover for the quarter that ended in Sep. 2023 is
* 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.
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 Gas Holdings Total Assets Related Terms
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China Gas Holdings (HKSE:00384) Business Description
China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.
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