Clarity Medical Group Holding (HKSE:01406) Total Assets : HK$236.2 Mil (As of Mar. 2024)

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What is Clarity Medical Group Holding Total Assets?

Clarity Medical Group Holding's Total Assets for the quarter that ended in Mar. 2024 was HK$236.2 Mil.

During the past 12 months, Clarity Medical Group Holding's average Total Assets Growth Rate was -20.90% per year. During the past 3 years, the average Total Assets Growth Rate was 21.90% per year. During the past 5 years, the average Total Assets Growth Rate was 12.00% per year.

During the past 6 years, Clarity Medical Group Holding's highest 3-Year average Total Assets Growth Rate was 21.90%. The lowest was 1.90%. And the median was 4.90%.

Total Assets is connected with ROA %. Clarity Medical Group Holding's annualized ROA % for the quarter that ended in Mar. 2024 was -41.85%. Total Assets is also linked to Revenue through Asset Turnover. Clarity Medical Group Holding's Asset Turnover for the quarter that ended in Mar. 2024 was 0.34.

Clarity Medical Group Holding Total Assets Historical Data

The historical data trend for Clarity Medical Group Holding'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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Clarity Medical Group Holding Total Assets Chart

Clarity Medical Group Holding Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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169.34

117.15

290.14

327.26

236.16

Clarity Medical Group Holding Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Total Assets	Get a 7-Day Free Trial					324.89	327.26	296.90	236.16	218.51

Clarity Medical Group Holding 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.

Clarity Medical Group Holding's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	189.522	+	46.641
	=	236.2

Clarity Medical Group Holding's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	189.522	+	46.641
	=	236.2

Clarity Medical Group Holding (HKSE:01406) Total Assets Explanation

Total Assets is connected with ROA %.

Clarity Medical Group Holding's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-111.548	/	( (296.901	+	236.163)	/ 2 )
	=	-111.548	/	266.532
	=	-41.85 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2024) 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.

Clarity Medical Group Holding's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	89.323	/	( (296.901	+	236.163)	/ 2 )
=	89.323	/	266.532
=	0.34

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.

Clarity Medical Group Holding Total Assets Related Terms

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Clarity Medical Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Clarity Medical Group Holding Ltd (HKSE:01406) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Queen’s Road Central, Room 1302, 13th Floor, Hong Kong, HKG

Website

https://www.claritymedic.com

Clarity Medical Group Holding Ltd is committed to providing comprehensive and professional ophthalmic services for patients with various eye conditions. It operates two medical centers in Central and Mongkok. The medical centers are equipped with medical instruments and surgical equipment which allows performing various ophthalmic examinations, treatments, and surgeries for patients.

Executives

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Tse Wai Ip	2307 Founder of a discretionary trust who can infl
Cheng Chi Heng	2101 Beneficial owner
3w Partners Fund I L.p.	2201 Interest of corporation controlled by you
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Clear Lead Ventures Limited	2101 Beneficial owner
Goh Lu Hong	2501 Other
Chan Hoi Hin William	2501 Other
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Wuxi Apptec Co., Ltd.

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