CECEP Wind Power's Total Assets for the quarter that ended in Mar. 2024 was ¥42,973 Mil.
Warning Sign:
If a company builds assets at 16.7% a year, faster than its revenue growth rate of 12.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, CECEP Wind Power's average Total Assets Growth Rate was 6.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 8.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 16.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 14.50% per year.
During the past 13 years, CECEP Wind Power's highest 3-Year average Total Assets Growth Rate was 24.90%. The lowest was 8.60%. And the median was 11.25%.
The historical data trend for CECEP Wind Power'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.
CECEP Wind Power'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.
CECEP Wind Power (SHSE:601016) 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.
CECEP Wind Power'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.
CECEP Wind Power Total Assets Related Terms
Thank you for viewing the detailed overview of CECEP Wind Power's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
CECEP Wind Power (SHSE:601016) Business Description
CECEP Wind Power Corp is a China-based company engages in the development, investment management, construction, operation and maintenance of wind power projects. It also involves in integrated resource exploration as well as engages in the manufacture and construction of turbine design. It holds main wind power station projects, which situated at Zhangbei, Hebei province, Dabancheng, Xinjiang Province, and Jiuquan, Gansu province, China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:601016 has been successfully added to your 