UE Furniture Co's Total Assets for the quarter that ended in Sep. 2023 was ¥3,146 Mil.
Warning Sign:
If a company builds assets at 24.1% a year, faster than its revenue growth rate of 16% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, UE Furniture Co's average Total Assets Growth Rate was -0.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 24.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 25.70% per year.
During the past 12 years, UE Furniture Co's highest 3-Year average Total Assets Growth Rate was 44.10%. The lowest was 16.30%. And the median was 25.30%.
Total Assets is connected with ROA %. UE Furniture Co's annualizedROA % for the quarter that ended in Sep. 2023 was 8.51%. Total Assets is also linked to Revenue through Asset Turnover. UE Furniture Co's Asset Turnover for the quarter that ended in Sep. 2023 was 0.30.
UE Furniture Co Total Assets Historical Data
The historical data trend for UE Furniture 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.
UE Furniture Co's Total Assets for the fiscal year that ended in Dec. 2022 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.
UE Furniture Co (SHSE:603600) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 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.
UE Furniture Co's Asset Turnover for the quarter that ended in Sep. 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.
UE Furniture Co Total Assets Related Terms
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UE Furniture Co (SHSE:603600) Business Description
UE Furniture Co Ltd is specialized in the research, development, production, and sales of seats. Its products involve office chairs and training, Training chairs, massage chairs, leisure chairs, children's chairs, partly functional seating metal parts sofas and functional seat accessories.
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