If a company builds assets at 14.5% a year, faster than its revenue growth rate of 13% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Heng Leasing and Capital PCL's average Total Assets Growth Rate was 17.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 22.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 14.50% per year.
During the past 8 years, Heng Leasing and Capital PCL's highest 3-Year average Total Assets Growth Rate was 55.40%. The lowest was 5.80%. And the median was 19.30%.
* 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.
Heng Leasing and Capital PCL 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.
Heng Leasing and Capital PCL (BKK:HENG) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 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.
Heng Leasing and Capital PCL's Asset Turnover for the quarter that ended in Mar. 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.
Heng Leasing and Capital PCL Total Assets Related Terms
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Heng Leasing and Capital PCL (BKK:HENG) Business Description
Heng Leasing and Capital PCL is engaged in the single operating segment of hire purchase and loan receivables. The operations are carried on in a single geographical area of Thailand.
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