Hongli Group (Hongli Group) Total Assets : $32.13 Mil (As of Dec. 2023)

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What is Hongli Group Total Assets?

Hongli Group's Total Assets for the quarter that ended in Dec. 2023 was $32.13 Mil.

During the past 12 months, Hongli Group's average Total Assets Growth Rate was -8.00% per year. During the past 3 years, the average Total Assets Growth Rate was 37.20% per year.

During the past 5 years, Hongli Group's highest 3-Year average Total Assets Growth Rate was 52.40%. The lowest was 37.20%. And the median was 44.80%.

Total Assets is connected with ROA %. Hongli Group's annualized ROA % for the quarter that ended in Dec. 2023 was 0.43%. Total Assets is also linked to Revenue through Asset Turnover. Hongli Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.22.

Hongli Group Total Assets Historical Data

The historical data trend for Hongli 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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Hongli Group Total Assets Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

9.91

13.57

21.85

36.16

32.13

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial				21.85	22.90	36.16	31.16	32.13

Hongli 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.

Hongli 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 )
	=	21.108	+	11.021
	=	32.13

Hongli 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 )
	=	21.108	+	11.021
	=	32.13

Hongli Group (NAS:HLP) Total Assets Explanation

Total Assets is connected with ROA %.

Hongli 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 )
	=	0.136	/	( (31.156	+	32.129)	/ 2 )
	=	0.136	/	31.6425
	=	0.43 %

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.

Hongli 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 )
=	7.083	/	( (31.156	+	32.129)	/ 2 )
=	7.083	/	31.6425
=	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.

Hongli Group Total Assets Related Terms

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Hongli Group (Hongli Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

Hongli Group (Hongli Group) Headlines

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