Polytronics Technology's Total Assets for the quarter that ended in Mar. 2024 was NT$4,411 Mil.
Warning Sign:
If a company builds assets at 15% a year, faster than its revenue growth rate of 13.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Polytronics Technology's average Total Assets Growth Rate was -7.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 12.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 15.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 8.80% per year.
During the past 13 years, Polytronics Technology's highest 3-Year average Total Assets Growth Rate was 28.40%. The lowest was -3.20%. And the median was 7.05%.
* 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.
Polytronics Technology'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.
Polytronics Technology (TPE:6224) 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.
Polytronics Technology'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.
Polytronics Technology Total Assets Related Terms
Thank you for viewing the detailed overview of Polytronics Technology's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Polytronics Technology (TPE:6224) Business Description
Polytronics Technology Corp, along with its subsidiaries is engaged in the research, development, manufacturing, and sale of polymeric positive temperature coefficient, overvoltage protection elements and its production-related semi-finished goods, modules, heat conductive substrate, thermal module, heat dispersing materials, light emitting diode lighting, and modules. The company is based in the Taiwan region and offers its services to China, America, and other regions.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TPE:6224 has been successfully added to your 