Satellite Chemical Co's Total Assets for the quarter that ended in Mar. 2024 was ¥65,821 Mil.
Warning Sign:
If a company builds assets at 45.1% a year, faster than its revenue growth rate of 35.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Satellite Chemical Co's average Total Assets Growth Rate was 12.00% per year.
During the past 3 years, the average Total Assets Growth Rate was 30.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 45.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 29.50% per year.
During the past 13 years, Satellite Chemical Co's highest 3-Year average Total Assets Growth Rate was 74.70%. The lowest was 5.20%. And the median was 45.90%.
Satellite Chemical Co Total Assets Historical Data
The historical data trend for Satellite Chemical 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.
Satellite Chemical 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.
Satellite Chemical Co (SZSE:002648) 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.
Satellite 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.
Satellite Chemical Co Total Assets Related Terms
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Satellite Chemical Co (SZSE:002648) Business Description
Satellite Chemical Co Ltd formerly Zhejiang Satellite Petrochemical Co Ltd is a China-based acrylic acid manufacturer. It is involved in integrating research and development, production, sales and logistics of propylene, polypropylene, acrylic acid, high purity acrylic acid to an acrylic ester, polymer emulsion and high absorbent resin.
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