Goldway Education Group (HKSE:08160) Total Assets : HK$60.56 Mil (As of Sep. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Goldway Education Group Total Assets?

Goldway Education Group's Total Assets for the quarter that ended in Sep. 2023 was HK$60.56 Mil.

During the past 12 months, Goldway Education Group's average Total Assets Growth Rate was 45.40% per year. During the past 3 years, the average Total Assets Growth Rate was 23.80% per year. During the past 5 years, the average Total Assets Growth Rate was 37.50% per year.

During the past 10 years, Goldway Education Group's highest 3-Year average Total Assets Growth Rate was 56.70%. The lowest was -15.90%. And the median was 23.10%.

Total Assets is connected with ROA %. Goldway Education Group's annualized ROA % for the quarter that ended in Sep. 2023 was 0.40%. Total Assets is also linked to Revenue through Asset Turnover. Goldway Education Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.24.

Goldway Education Group Total Assets Historical Data

The historical data trend for Goldway Education 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.

* Premium members only.

Goldway Education Group Total Assets Chart

Goldway Education Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

Get a 7-Day Free Trial

49.25

50.03

44.91

37.17

52.51

Goldway Education Group 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															40.76	-	52.51	-	60.56

Goldway Education 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.

Goldway Education Group'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 )
	=	35.621	+	16.888
	=	52.51

Goldway Education Group'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 )
	=	45.495	+	15.067
	=	60.56

Goldway Education Group (HKSE:08160) Total Assets Explanation

Total Assets is connected with ROA %.

Goldway Education Group'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 )
	=	0.24	/	( (0	+	60.562)	/ 1 )
	=	0.24	/	60.562
	=	0.40 %

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.

Goldway Education Group'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 )
=	14.24	/	( (0	+	60.562)	/ 1 )
=	14.24	/	60.562
=	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.

Goldway Education Group Total Assets Related Terms

Thank you for viewing the detailed overview of Goldway Education Group's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Goldway Education Group (HKSE:08160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Goldway Education Group Ltd (HKSE:08160) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop B10, 1/F, Goodrich Shopping Arcade, Tuen Mun, New Territories, Hong Kong, HKG

Website

http://www.goldwayedugp.com

Goldway Education Group Ltd is an investment holding company. Its subsidiaries are principally engaged in the provision of tutoring services and franchising services in Hong Kong. The Group provides private tutoring services including primary and secondary tutoring services under the trade name of "Logic Tutorial Centre" and "Pedagog Education Centre".

Executives

Ip Sin Nam Ingrid	2201 Interest of corporation controlled by you
Rainbow Kingdom Limited	2101 Beneficial owner
Tao Wah Wai Calvin	2201 Interest of corporation controlled by you
Greet Harmony Global Limited	2101 Beneficial owner

Goldway Education Group (HKSE:08160) Headlines

No Headlines