During the past 12 months, Qingdao Port International Co's average Total Assets Growth Rate was 1.60% per year.
During the past 3 years, the average Total Assets Growth Rate was -0.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.80% per year.
During the past 11 years, Qingdao Port International Co's highest 3-Year average Total Assets Growth Rate was 18.10%. The lowest was -0.20%. And the median was 11.15%.
* 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.
Qingdao Port International Co 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.
Qingdao Port International Co (HKSE:06198) 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.
Qingdao Port International Co'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.
Qingdao Port International Co Total Assets Related Terms
Thank you for viewing the detailed overview of Qingdao Port International Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Qingdao Port International Co (HKSE:06198) Business Description
Qingdao Port International Co Ltd is a Chinese company that acts as an operator of the Port of Qingdao. It provides a range of port-related services including basic port services such as stevedoring and storage services, ancillary and extended services such as logistics and financing-related services. The company has six operating segments; container handling and ancillary services, metal ore, coal, and other cargo handling and ancillary services, liquid bulk handling and ancillary services, logistics and port value-added services, port ancillary services, and financial services. It derives a majority of its revenue from the logistics and port value-added services segment followed by metal ore, coal, and other cargo handling segment and liquid bulk handling and ancillary services segment.
Qingdao Port International Co (HKSE:06198) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:06198 has been successfully added to your 