Hengyuan Refining Company Bhd
Hengyuan Refining Company Berhad engages in refining, manufacturing, and selling petroleum products in Malaysia. It offers liquefied petroleum gas; petrol; jet fuel; diesel; fuel oil components; sulphur; light naphtha; and propylene. The company was formerly known as Shell Refining Company (Federation of Malaya) Berhad and changed its name to Hengyuan Refining Company Berhad in March 2017. Hengyu… Read more
Hengyuan Refining Company Bhd (4324) - Total Assets
Latest total assets as of September 2025: RM4.37 Billion MYR
Based on the latest financial reports, Hengyuan Refining Company Bhd (4324) holds total assets worth RM4.37 Billion MYR as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Hengyuan Refining Company Bhd - Total Assets Trend (2012–2024)
This chart illustrates how Hengyuan Refining Company Bhd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Hengyuan Refining Company Bhd - Asset Composition Analysis
Current Asset Composition (December 2024)
Hengyuan Refining Company Bhd's total assets of RM4.37 Billion consist of 41.3% current assets and 58.7% non-current assets.
| Asset Category | Amount (MYR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | RM0.00 | 18.0% |
| Accounts Receivable | RM459.49 Million | 12.2% |
| Inventory | RM399.99 Million | 10.6% |
| Property, Plant & Equipment | RM2.11 Billion | 55.8% |
| Intangible Assets | RM2.67 Million | 0.1% |
| Goodwill | RM0.00 | 0.0% |
Asset Composition Trend (2012–2024)
This chart illustrates how Hengyuan Refining Company Bhd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Hengyuan Refining Company Bhd's current assets represent 41.3% of total assets in 2024, a decrease from 58.0% in 2012.
- Cash Position: Cash and equivalents constituted 18.0% of total assets in 2024, up from 0.8% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2012.
- Asset Diversification: The largest asset category is property, plant & equipment at 55.8% of total assets.
Hengyuan Refining Company Bhd Competitors by Total Assets
Key competitors of Hengyuan Refining Company Bhd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang International Industry Co Ltd
SHE:000159
|
China | CN¥3.60 Billion |
|
Shandong Shengli Co Ltd
SHE:000407
|
China | CN¥6.05 Billion |
|
Sinopec Shandong Taishan Petroleum Co Ltd
SHE:000554
|
China | CN¥1.77 Billion |
|
Jiangsu Gaoke Petrochemical Co
SHE:002778
|
China | CN¥905.01 Million |
|
Hankook Shell Oil
KO:002960
|
Korea | ₩188.72 Billion |
|
Mi Chang Oil
KO:003650
|
Korea | ₩512.60 Billion |
|
SK Discovery Co Ltd
KO:006125
|
Korea | ₩15.44 Trillion |
|
S-Oil Corp Pref
KO:010955
|
Korea | ₩24.99 Trillion |
Hengyuan Refining Company Bhd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Hengyuan Refining Company Bhd generates 4.56x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Hengyuan Refining Company Bhd is currently not profitable relative to its asset base.
Hengyuan Refining Company Bhd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.72 | 0.81 | 1.51 |
| Quick Ratio | 0.44 | 0.43 | 0.87 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | RM-903.58 Million | RM -564.04 Million | RM 833.94 Million |
Hengyuan Refining Company Bhd - Advanced Valuation Insights
This section examines the relationship between Hengyuan Refining Company Bhd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.72 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -33.0% |
| Total Assets | RM3.78 Billion |
| Market Capitalization | $37.76 Million USD |
Valuation Analysis
Below Book Valuation: The market values Hengyuan Refining Company Bhd's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Hengyuan Refining Company Bhd's assets decreased by 33.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Hengyuan Refining Company Bhd (2012–2024)
The table below shows the annual total assets of Hengyuan Refining Company Bhd from 2012 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | RM3.78 Billion | -33.03% |
| 2023-12-31 | RM5.64 Billion | -14.86% |
| 2022-12-31 | RM6.62 Billion | +20.77% |
| 2021-12-31 | RM5.48 Billion | +21.88% |
| 2020-12-31 | RM4.50 Billion | -20.40% |
| 2019-12-31 | RM5.65 Billion | +35.53% |
| 2018-12-31 | RM4.17 Billion | +14.19% |
| 2017-12-31 | RM3.65 Billion | +18.60% |
| 2016-12-31 | RM3.08 Billion | +4.37% |
| 2015-12-31 | RM2.95 Billion | +4.95% |
| 2014-12-31 | RM2.81 Billion | -37.24% |
| 2013-12-31 | RM4.48 Billion | +7.41% |
| 2012-12-31 | RM4.17 Billion | -- |