China Mengniu Dairy Co's Total Assets for the quarter that ended in Dec. 2023 was $16,137 Mil.
Warning Sign:
If a company builds assets at 19% a year, faster than its revenue growth rate of 8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, China Mengniu Dairy Co's average Total Assets Growth Rate was 2.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 23.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 19.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 14.60% per year.
During the past 13 years, China Mengniu Dairy Co's highest 3-Year average Total Assets Growth Rate was 51.50%. The lowest was 2.70%. And the median was 23.10%.
* 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.
China Mengniu Dairy Co'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.
China Mengniu Dairy Co (OTCPK:CIADY) Total Assets Explanation
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.
China Mengniu Dairy Co'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.
China Mengniu Dairy Co Total Assets Related Terms
Thank you for viewing the detailed overview of China Mengniu Dairy Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
China Mengniu Dairy Co (China Mengniu Dairy Co) Business Description
China Mengniu Dairy, or Mengniu, is China's second-largest dairy producer by market share. The company produces a wide range of dairy products including liquid milk, ice cream, milk formula and cheese. Liquid milk, composed of milk, milk beverages and yogurt, contributed close to 80% of Mengniu's revenue in 2022. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yogurt and Yoyi C. Mengniu also owns two infant formula brands including Yashili and Bellamy as well as Milkground, a cheese brand.
China Mengniu Dairy Co (China Mengniu Dairy Co) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CIADY has been successfully added to your 