Thai Rayon PCL's Total Assets for the quarter that ended in Mar. 2024 was ฿36,810 Mil.
Warning Sign:
If a company builds assets at 11.4% a year, faster than its revenue growth rate of 2.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Thai Rayon PCL's average Total Assets Growth Rate was 13.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 10.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 11.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.60% per year.
During the past 13 years, Thai Rayon PCL's highest 3-Year average Total Assets Growth Rate was 21.10%. The lowest was -1.60%. And the median was 7.55%.
The historical data trend for Thai Rayon 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.
Thai Rayon PCL's Total Assets for the fiscal year that ended in Mar. 2024 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.
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.
Thai Rayon 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.
Thai Rayon PCL Total Assets Related Terms
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Thai Rayon PCL is a Thailand-based company principally engaged in the manufacture of viscose rayon staple fibre and anhydrous sodium sulphate for sales to both domestic and export markets. The company also produces Anhydrous Sodium Sulphate as its by-product, which is widely used in the Thai market by detergent, pulp, glass, leather, and textile industries. Thai Rayon has investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as several diversification projects in Thailand and overseas.
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