IEC Electronics's Total Assets for the quarter that ended in Jun. 2021 was $157.8 Mil.
Warning Sign:
If a company builds asset at 18.4% a year, faster than its revenue growth rate of 6.6% over the past 5 years, it means that the company may be getting less efficent.
During the past 12 months, IEC Electronics's average Total Assets Growth Rate was 34.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 32.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 18.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.50% per year.
During the past 13 years, IEC Electronics's highest 3-Year average Total Assets Growth Rate was 87.60%. The lowest was -52.30%. And the median was 6.50%.
The historical data trend for IEC Electronics'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.
IEC Electronics's Total Assets for the fiscal year that ended in Sep. 2020 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.
IEC Electronics (NAS:IEC) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Jun. 2021) 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.
IEC Electronics's Asset Turnover for the quarter that ended in Jun. 2021 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.
IEC Electronics Total Assets Related Terms
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IEC Electronics (IEC Electronics) Business Description
IEC Electronics Corp operates in an electronics contract manufacturing services (EMS) industry. It provides electronic manufacturing services to advanced technology companies primarily in the medical, industrial, aerospace and defense sectors. Its offerings include on-site analytical testing laboratories, custom design, and test engineering services. The firm also offers a broad array of manufacturing services encompassing electronics, interconnect solutions and precision metalworking. The majority of its revenue is derived from the sale of electronic products.
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