Bank of Chengdu Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,178,626 Mil.
Warning Sign:
If a company builds assets at 18.2% a year, faster than its revenue growth rate of 10.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Bank of Chengdu Co's average Total Assets Growth Rate was 20.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 19.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 18.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 15.40% per year.
During the past 13 years, Bank of Chengdu Co's highest 3-Year average Total Assets Growth Rate was 31.60%. The lowest was 5.20%. And the median was 19.10%.
The historical data trend for Bank of Chengdu Co'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.
Bank of Chengdu 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.
Bank of Chengdu Co (SHSE:601838) 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.
Bank of Chengdu 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.
Bank of Chengdu Co Total Assets Related Terms
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Bank of Chengdu Co (SHSE:601838) Business Description
Bank of Chengdu Co Ltd is a state-owned commercial bank. Its principal businesses include business loans, fixed assets loans, bank acceptance bills, direct discounts on bank acceptance bills, guarantees, real estate development loans and legal person account overdrafts among other services. The bank provides its services in China.
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