Anhui Expressway Co's Total Assets for the quarter that ended in Dec. 2023 was ¥21,739 Mil.
During the past 12 months, Anhui Expressway Co's average Total Assets Growth Rate was 7.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 0.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 7.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 5.50% per year.
During the past 13 years, Anhui Expressway Co's highest 3-Year average Total Assets Growth Rate was 17.50%. The lowest was -0.60%. And the median was 7.40%.
The historical data trend for Anhui Expressway 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.
Anhui Expressway 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.
Anhui Expressway Co (SHSE:600012) 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.
Anhui Expressway Co'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.
Anhui Expressway Co Total Assets Related Terms
Thank you for viewing the detailed overview of Anhui Expressway Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Anhui Expressway Co (SHSE:600012) Business Description
Anhui Expressway Co Ltd is engaged in the investment, construction, operation and management of toll roads within Anhui province. The Company acquires operating expressway assets through various means such as investment and construction, acquisition or cooperative operation. The Company provides toll service for vehicles, collects vehicles toll according to the charging standard and maintains, repairs and carries out safety maintenance for the operating expressways. All of the company's external revenue is derived from customers based in Mainland China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:600012 has been successfully added to your 