Asia Sermkij Leasing PCL's Total Assets for the quarter that ended in Sep. 2024 was ฿74,805 Mil.
Warning Sign:
If a company builds assets at 17.2% a year, faster than its revenue growth rate of 9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Asia Sermkij Leasing PCL's average Total Assets Growth Rate was -3.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 17.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 10.70% per year.
During the past 13 years, Asia Sermkij Leasing PCL's highest 3-Year average Total Assets Growth Rate was 23.10%. The lowest was 3.90%. And the median was 14.50%.
* 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.
Asia Sermkij Leasing PCL'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.
Asia Sermkij Leasing PCL (BKK:ASK) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 2024) 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.
Asia Sermkij Leasing PCL's Asset Turnover for the quarter that ended in Sep. 2024 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.
Asia Sermkij Leasing PCL Total Assets Related Terms
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Asia Sermkij Leasing PCL operates hire purchase business for all types of automobiles in the form of new car financing to its customers in Bangkok and metropolitan area. Subsequently, the company has expanded its business into used car hire purchase, personal loan and floor plan financing as well as other services such as auto registration, tax renewal, and insurance services. The business operation can be classified into five operating segments: The hire purchase segment, The leasing segment, The loan segment, The factoring segment, The insurance broker segment. A major part of the revenue is generated from hire purchase division.
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