Huzhou Gas Co (HKSE:06661) Total Assets : HK$2,408 Mil (As of Dec. 2023)

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What is Huzhou Gas Co Total Assets?

Huzhou Gas Co's Total Assets for the quarter that ended in Dec. 2023 was HK$2,408 Mil.

During the past 12 months, Huzhou Gas Co's average Total Assets Growth Rate was 8.00% per year. During the past 3 years, the average Total Assets Growth Rate was 5.80% per year.

During the past 5 years, Huzhou Gas Co's highest 3-Year average Total Assets Growth Rate was 5.80%. The lowest was 5.80%. And the median was 5.80%.

Total Assets is connected with ROA %. Huzhou Gas Co's annualized ROA % for the quarter that ended in Dec. 2023 was 5.08%. Total Assets is also linked to Revenue through Asset Turnover. Huzhou Gas Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.57.

Huzhou Gas Co Total Assets Historical Data

The historical data trend for Huzhou Gas 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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Huzhou Gas Co Total Assets Chart

Huzhou Gas Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

1,767.66

1,895.86

2,317.79

2,567.15

2,408.15

Huzhou Gas Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			2,317.79	2,273.12	2,567.15	2,500.59	2,408.15

Huzhou Gas 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.

Huzhou Gas 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 )
	=	1397.621	+	1010.524
	=	2,408

Huzhou Gas 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 )
	=	1397.621	+	1010.524
	=	2,408

Huzhou Gas Co (HKSE:06661) Total Assets Explanation

Total Assets is connected with ROA %.

Huzhou Gas 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 )
	=	124.58	/	( (2500.589	+	2408.145)	/ 2 )
	=	124.58	/	2454.367
	=	5.08 %

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.

Huzhou Gas 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 )
=	1396.762	/	( (2500.589	+	2408.145)	/ 2 )
=	1396.762	/	2454.367
=	0.57

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.

Huzhou Gas Co Total Assets Related Terms

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Huzhou Gas Co (HKSE:06661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Huzhou Gas Co Ltd (HKSE:06661) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Sizhong Road, Zhejiang Province, Huzhou, CHN

Website

https://www.hzrqgf.com

Huzhou Gas Co Ltd is the largest piped natural gas distributor. The principal business of the company comprises of sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and others, including sale of household gas appliances.

Executives

Bank Of Communications Co., Ltd.	2201 Interest of corporation controlled by you
Bocom International Holdings Company Limited	2201 Interest of corporation controlled by you
New Partner Intl Ltd	2101 Beneficial owner
Yu Linqiang	2101 Beneficial owner
Guo Tou Tai Kang Xin Tuo You Xian Gong Si	2301 Trustee
Dong Fang Ji Jin Guan Li Gu Fen You Xian Gong Si
Wu Shu Ying	2202 Interest of your spouse
Meng Er Hu	2201 Interest of corporation controlled by you
Yu Rong Fang	2202 Interest of your spouse
Bank Of Communications (nominee) Company Limited	2201 Interest of corporation controlled by you
Bocom International Securities Company Limited	2106 Person having a security interest in shares
Xin Ao Neng Yuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Ao Zhong Guo Ran Qi Tou Zi You Xian Gong Si	2101 Beneficial owner

Huzhou Gas Co (HKSE:06661) Headlines

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