Zijin Mining Group Co's Total Assets for the quarter that ended in Mar. 2024 was HK$386,622 Mil.
Warning Sign:
If a company builds assets at 27.3% a year, faster than its revenue growth rate of 20% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Zijin Mining Group Co's average Total Assets Growth Rate was 13.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 23.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 27.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 18.00% per year.
During the past 13 years, Zijin Mining Group Co's highest 3-Year average Total Assets Growth Rate was 83.10%. The lowest was 4.30%. And the median was 23.80%.
Zijin Mining Group Co Total Assets Historical Data
The historical data trend for Zijin Mining Group 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.
Zijin Mining Group 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.
Zijin Mining Group Co (HKSE:02899) 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.
Zijin Mining Group 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.
Zijin Mining Group Co Total Assets Related Terms
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Zijin Mining Group Co (HKSE:02899) Business Description
Zijin Mining Group Co Ltd is focusing on the exploration and development of gold and copper and other metal mineral resources. The company's operating segment includes Gold bullion; Processed, refined, and trading gold; Gold concentrates; Electrolytic copper & electrodeposited copper; Refined copper; Copper concentrates; Other concentrates; Zinc bullion, Environmental protection, trading, and others. It generates maximum revenue from the Processed, refined & trading gold segment. The Processed, refined, and trading gold segment is engaged in the production of gold bullion by processing gold concentrates produced by the group or purchased from external suppliers and gold bullion in the business of physical gold trading. Geographically, the majority is derived from Mainland China.
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