Profire Energy's Total Assets for the quarter that ended in Dec. 2023 was $66.29 Mil.
Warning Sign:
If a company builds assets at 7.2% a year, faster than its revenue growth rate of 5.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Profire Energy's average Total Assets Growth Rate was 16.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 12.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 7.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.80% per year.
During the past 13 years, Profire Energy's highest 3-Year average Total Assets Growth Rate was 77.50%. The lowest was 2.00%. And the median was 27.65%.
The historical data trend for Profire Energy'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.
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.
Profire Energy's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Profire Energy (NAS:PFIE) Total Assets Explanation
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.
Profire Energy's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
Profire Energy Total Assets Related Terms
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Profire Energy (Profire Energy) Business Description
Profire Energy Inc is an oilfield technology company operating in the United States. It is engaged in the business of developing combustion management technologies for the oil and gas industry. The company specializes in the creation of burner-management systems, used on a variety of oilfield natural-draft fire tube vessels. In addition to the burner-management systems, the company also sell complementary oilfield products to its customer. Geographically, the company divides its business into two business unit namely the United States and Canada and majority of its revenue comes from the United States.
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