LifeTech Scientific's Total Assets for the quarter that ended in Dec. 2023 was HK$5,137 Mil.
Warning Sign:
If a company builds assets at 23.5% a year, faster than its revenue growth rate of 17% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, LifeTech Scientific's average Total Assets Growth Rate was 20.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 21.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 23.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 26.80% per year.
During the past 13 years, LifeTech Scientific's highest 3-Year average Total Assets Growth Rate was 62.50%. The lowest was 16.20%. And the median was 27.30%.
The historical data trend for LifeTech Scientific'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.
LifeTech Scientific'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.
LifeTech Scientific (HKSE:01302) 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.
LifeTech Scientific'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.
LifeTech Scientific Total Assets Related Terms
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LifeTech Scientific (HKSE:01302) Business Description
LifeTech Scientific Corp develops and manufactures minimally invasive medical devices for cardiovascular and vascular diseases. The firm operates in three areas: Structural heart diseases business; Peripheral vascular diseases business and Cardiac pacing and electrophysiology business. It generates maximum revenue from the Peripheral vascular diseases business segment. Geographically, it derives a majority of revenue from China.
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