Byte Metaverse Holdings (HKSE:08645) Total Assets : HK$117.6 Mil (As of Dec. 2023)

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What is Byte Metaverse Holdings Total Assets?

Byte Metaverse Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$117.6 Mil.

During the past 12 months, Byte Metaverse Holdings's average Total Assets Growth Rate was 14.10% per year. During the past 3 years, the average Total Assets Growth Rate was 2.60% per year. During the past 5 years, the average Total Assets Growth Rate was 11.60% per year.

During the past 7 years, Byte Metaverse Holdings's highest 3-Year average Total Assets Growth Rate was 37.70%. The lowest was 2.60%. And the median was 14.80%.

Total Assets is connected with ROA %. Byte Metaverse Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -29.55%. Total Assets is also linked to Revenue through Asset Turnover. Byte Metaverse Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.22.

Byte Metaverse Holdings Total Assets Historical Data

The historical data trend for Byte Metaverse 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.

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Byte Metaverse Holdings Total Assets Chart

Byte Metaverse Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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95.67

127.65

130.46

154.08

120.25

Byte Metaverse Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															129.53	-	120.25	-	117.63

Byte Metaverse Holdings 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.

Byte Metaverse Holdings's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	74.273	+	45.976
	=	120.2

Byte Metaverse Holdings'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 )
	=	64.257	+	53.373
	=	117.6

Byte Metaverse Holdings (HKSE:08645) Total Assets Explanation

Total Assets is connected with ROA %.

Byte Metaverse Holdings's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-34.764	/	( (0	+	117.63)	/ 1 )
	=	-34.764	/	117.63
	=	-29.55 %

Note: The Net Income data used here is four times the quarterly (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.

Byte Metaverse Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	25.625	/	( (0	+	117.63)	/ 1 )
=	25.625	/	117.63
=	0.22

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.

Byte Metaverse Holdings Total Assets Related Terms

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Byte Metaverse Holdings (HKSE:08645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Byte Metaverse Holdings Ltd (HKSE:08645) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 Thomson Road, Unit B, 13th Floor, Winsan Tower, Hong Kong, HKG

Website

http://www.metamichong.com

Michong Metaverse (China) Holdings Group Ltd is an investment holding company. The company is engaged in network support services which mainly encompass network infrastructure design and hardware installation, network management and security services; network connectivity services that focus on providing intranet and internet connectivity solutions and value-added services; and E-Commerce.

Executives

Thrive Harvest Limited	2101 Beneficial owner
Worldtone Riches Investment Limited	2101 Beneficial owner
Yu Decai	2201 Interest of corporation controlled by you
Garden Wealth Limited	2101 Beneficial owner
Wu Han Jia You Xin Xi Ke Ji You Xian Gong Si	2101 Beneficial owner
Shen Zhen Shi Hui Tong Ying Fu Yi Hao Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo	2101 Beneficial owner

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