Gencor Industries's Total Assets for the quarter that ended in Dec. 2023 was $205.7 Mil.
Warning Sign:
If a company builds assets at 17.2% a year, faster than its revenue growth rate of 3.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Gencor Industries's average Total Assets Growth Rate was 15.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 27.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 17.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 15.80% per year.
During the past 13 years, Gencor Industries's highest 3-Year average Total Assets Growth Rate was 71.00%. The lowest was -31.10%. And the median was 2.60%.
The historical data trend for Gencor Industries'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.
Gencor Industries's Total Assets for the fiscal year that ended in Sep. 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.
Gencor Industries (AMEX:GENC) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) 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.
Gencor Industries's Asset Turnover for the quarter that ended in Dec. 2023 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.
Gencor Industries Total Assets Related Terms
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Gencor Industries (Gencor Industries) Business Description
Gencor Industries Inc and its subsidiaries is a manufacturer of heavy machinery used in the production of highway construction materials and environmental control equipment. The Company has one reporting segment, equipment for the highway construction industry. The firm's principal products include asphalt plants, combustion systems, hot mix asphalt plants, fluid heat transfer systems, and asphalt pavers.
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