Tong Hua Holdings PCL's Total Assets for the quarter that ended in Mar. 2024 was ฿1,761.3 Mil.
During the past 12 months, Tong Hua Holdings PCL's average Total Assets Growth Rate was 3.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 45.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 13.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.70% per year.
During the past 13 years, Tong Hua Holdings PCL's highest 3-Year average Total Assets Growth Rate was 102.70%. The lowest was -12.60%. And the median was 6.10%.
Tong Hua Holdings PCL Total Assets Historical Data
The historical data trend for Tong Hua Holdings PCL'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.
Tong Hua Holdings 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.
Tong Hua Holdings PCL (BKK:TH) 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.
Tong Hua Holdings 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.
Tong Hua Holdings PCL Total Assets Related Terms
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Tong Hua Holdings PCL (BKK:TH) Business Description
Tong Hua Holdings PCL operates as an investment company. It is organized into business segments namely Producing and Distributing Newspaper, Publishing, and Providing Printing Service; Space rental for product and service business; Investment Business; and Providing Short-Term Funds in Forms of Factoring, Loans and Asset management.
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