If a company builds assets at 22.3% a year, faster than its revenue growth rate of 19.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Shandong Hualu-hengsheng Chemical Co's average Total Assets Growth Rate was 26.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 31.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 22.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 13.00% per year.
During the past 13 years, Shandong Hualu-hengsheng Chemical Co's highest 3-Year average Total Assets Growth Rate was 73.90%. The lowest was 0.80%. And the median was 21.70%.
* 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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Shandong Hualu-hengsheng Chemical Co Total Assets Chart
Shandong Hualu-hengsheng Chemical Co 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.
* 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.
Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (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.
Shandong Hualu-hengsheng Chemical Co's Asset Turnover for the quarter that ended in Mar. 2024 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.
Shandong Hualu-hengsheng Chemical Co Total Assets Related Terms
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Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description
Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.
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