JinkoSolar Holding Co's Total Assets for the quarter that ended in Sep. 2023 was €16,351 Mil.
Warning Sign:
If a company builds assets at 28% a year, faster than its revenue growth rate of 13.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, JinkoSolar Holding Co's average Total Assets Growth Rate was 13.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 32.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 28.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 24.70% per year.
During the past 13 years, JinkoSolar Holding Co's highest 3-Year average Total Assets Growth Rate was 123.00%. The lowest was 13.40%. And the median was 28.60%.
JinkoSolar Holding Co Total Assets Historical Data
The historical data trend for JinkoSolar Holding 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.
JinkoSolar Holding 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.
JinkoSolar Holding Co (WBO:JKS) 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.
JinkoSolar Holding 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.
JinkoSolar Holding Co Total Assets Related Terms
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JinkoSolar Holding Co (WBO:JKS) Business Description
JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's product includes Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.
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