Poten Environment Group Co's Total Assets for the quarter that ended in Sep. 2023 was ¥7,375.9 Mil.
During the past 12 months, Poten Environment Group Co's average Total Assets Growth Rate was -22.00% per year.
During the past 3 years, the average Total Assets Growth Rate was -13.70% per year.
During the past 5 years, the average Total Assets Growth Rate was -1.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 32.10% per year.
During the past 12 years, Poten Environment Group Co's highest 3-Year average Total Assets Growth Rate was 72.60%. The lowest was -13.70%. And the median was 54.90%.
Total Assets is connected with ROA %. Poten Environment Group Co's annualizedROA % for the quarter that ended in Sep. 2023 was 0.77%. Total Assets is also linked to Revenue through Asset Turnover. Poten Environment Group Co's Asset Turnover for the quarter that ended in Sep. 2023 was 0.02.
Poten Environment Group Co Total Assets Historical Data
The historical data trend for Poten Environment 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.
Poten Environment Group Co Total Assets Calculation
Total Assets are all the assets a company owns.
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.
Poten Environment Group 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.
Poten Environment Group Co (SHSE:603603) 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.
Poten Environment Group 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.
Poten Environment Group Co Total Assets Related Terms
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Poten Environment Group Co (SHSE:603603) Business Description
Poten Environment Group Co Ltd is a China based company engaged in providing integrated water systems and solutions for Urban water environment, Industrial water system, and Ecological restoration and soil remediation. The urban water environment service includes traditional water environment services like water supply, domestic sewage treatment and reclaimed water. The Industrial and energy water systems include coal chemical, petrochemical, fine chemical, thermoelectric, textile and paper, food and beverage, bio-pharmaceutical, electronic machinery and other industrial fields. The Ecological restoration and soil remediation solutions comprise groundwater pollution control, black and odorous water bodies and watershed management, and contaminated site remediation.
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