JL Mag Rare-Earth Co's Total Assets for the quarter that ended in Dec. 2023 was ¥11,826 Mil.
Warning Sign:
If a company builds assets at 41% a year, faster than its revenue growth rate of 35.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, JL Mag Rare-Earth Co's average Total Assets Growth Rate was 11.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 40.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 41.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 30.30% per year.
During the past 11 years, JL Mag Rare-Earth Co's highest 3-Year average Total Assets Growth Rate was 50.30%. The lowest was 14.30%. And the median was 30.40%.
The historical data trend for JL Mag Rare-Earth 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.
JL Mag Rare-Earth 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.
JL Mag Rare-Earth Co (SZSE:300748) 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.
JL Mag Rare-Earth 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.
JL Mag Rare-Earth Co Total Assets Related Terms
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JL Mag Rare-Earth Co (SZSE:300748) Business Description
JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.
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