If a company builds assets at 45.2% a year, faster than its revenue growth rate of 30% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Jiangxi Geto New Materials's average Total Assets Growth Rate was 22.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 37.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 45.20% per year.
During the past 7 years, Jiangxi Geto New Materials's highest 3-Year average Total Assets Growth Rate was 80.50%. The lowest was 37.80%. And the median was 45.65%.
* 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.
Jiangxi Geto New Materials 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.
* 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.
Jiangxi Geto New Materials (SZSE:300986) 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.
Jiangxi Geto New Materials'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.
Jiangxi Geto New Materials Total Assets Related Terms
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Jiangxi Geto New Materials (SZSE:300986) Business Description
Jiangxi Geto New Materials Corp Ltd is engaged in the research and development, design, production, sales, lease and corresponding technical guidance of the architectural aluminum mold system. It focuses on aluminum molds, climbing frames, public buildings, and prefabricated building systems.
Jiangxi Geto New Materials (SZSE:300986) Headlines
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