If a company builds assets at 10.3% a year, faster than its revenue growth rate of 5.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, China Daye Non-Ferrous Metals Mining's average Total Assets Growth Rate was 9.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 18.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 2.20% per year.
During the past 13 years, China Daye Non-Ferrous Metals Mining's highest 3-Year average Total Assets Growth Rate was 472.60%. The lowest was -12.10%. And the median was 10.05%.
* 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.
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China Daye Non-Ferrous Metals Mining Total Assets Chart
China Daye Non-Ferrous Metals Mining 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.
China Daye Non-Ferrous Metals Mining (HKSE:00661) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (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.
China Daye Non-Ferrous Metals Mining'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.
China Daye Non-Ferrous Metals Mining Total Assets Related Terms
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China Daye Non-Ferrous Metals Mining (HKSE:00661) Business Description
China Daye Non-Ferrous Metals Mining Ltd is engaged in the mining and processing of mineral ores and trading of metal products in the PRC. The company's mining product portfolio consists of Copper cathodes, Other copper products, Gold and other gold products, Silver and other silver products, Iron ores, Sulphuric acid and sulphuric concentrate, and others, of which key revenue is generated from the sale of copper cathodes. The group has a business presence in the PRC, Hong Kong and The Republic of Mongolia. It derives a majority of the revenue from the PRC.
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