Jade Bird Fire Co's Total Assets for the quarter that ended in Mar. 2024 was ¥8,034 Mil.
Warning Sign:
If a company builds assets at 30.4% a year, faster than its revenue growth rate of 16.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Jade Bird Fire Co's average Total Assets Growth Rate was 13.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 23.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 30.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 32.20% per year.
During the past 13 years, Jade Bird Fire Co's highest 3-Year average Total Assets Growth Rate was 49.50%. The lowest was 23.90%. And the median was 34.35%.
The historical data trend for Jade Bird Fire 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.
Jade Bird Fire 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.
Jade Bird Fire Co (SZSE:002960) 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.
Jade Bird Fire 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.
Jade Bird Fire Co Total Assets Related Terms
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Jade Bird Fire Co (SZSE:002960) Business Description
Jade Bird Fire Co Ltd is engaged in the research, development, production, and sales of fire safety system products. The company's products are mainly used in national key projects such as Zhongnanhai, the Beijing Olympic Games, the Shanghai World Expo, etc.
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