Thaivivat Insurance PCL's Total Assets for the quarter that ended in Mar. 2023 was ฿9,696 Mil.
Warning Sign:
If a company builds assets at 20.9% a year, faster than its revenue growth rate of 18.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Thaivivat Insurance PCL's average Total Assets Growth Rate was -26.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 21.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 20.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 10.30% per year.
During the past 13 years, Thaivivat Insurance PCL's highest 3-Year average Total Assets Growth Rate was 32.80%. The lowest was -14.20%. And the median was 7.25%.
* 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.
Thaivivat Insurance PCL'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.
Thaivivat Insurance PCL (BKK:TVI) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 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.
Thaivivat Insurance PCL's Asset Turnover for the quarter that ended in Mar. 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.
Thaivivat Insurance PCL Total Assets Related Terms
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Thaivivat Insurance PCL (BKK:TVI) Business Description
Thaivivat Insurance PCL is a Thailand-based company that is engaged in the provision of all types of non-life insurance products. The company operates its business in segments that include Fire, Marine and Transportation, Motor, and Miscellaneous. The Motor business segment earns the majority of revenue for the company. The company only caters its services to the Thailand market.
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