If a company builds assets at 6.4% a year, faster than its revenue growth rate of 5.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, RAK Ceramics (Bangladesh)'s average Total Assets Growth Rate was 17.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 13.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 6.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.00% per year.
During the past 13 years, RAK Ceramics (Bangladesh)'s highest 3-Year average Total Assets Growth Rate was 13.80%. The lowest was 0.50%. And the median was 8.80%.
* 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.
RAK Ceramics (Bangladesh) 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.
RAK Ceramics (Bangladesh)'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.
RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 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.
RAK Ceramics (Bangladesh)'s Asset Turnover for the quarter that ended in Dec. 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.
RAK Ceramics (Bangladesh) Total Assets Related Terms
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RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Business Description
RAK Ceramics (Bangladesh) Ltd is a tile and sanitary ware brand in Bangladesh. The core business of RAK Ceramics is to manufacture and sell ceramics and gres porcellanato (porcelain/ fully vitrified) tiles, bathroom sets and all types of sanitary ware. The operating segments of the group are Ceramic and sanitary ware, Power and Security and services, Substantial revenue for the group is derived from the Ceramics and sanitary ware segment.
RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Headlines
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