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China Youran Dairy Group's Total Assets for the quarter that ended in Jun. 2024 was HK$46,774 Mil.
Warning Sign:
If a company builds assets at 46.6% a year, faster than its revenue growth rate of 26.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, China Youran Dairy Group's average Total Assets Growth Rate was 4.30% per year. During the past 3 years, the average Total Assets Growth Rate was 25.80% per year. During the past 5 years, the average Total Assets Growth Rate was 46.60% per year.
During the past 6 years, China Youran Dairy Group's highest 3-Year average Total Assets Growth Rate was 64.80%. The lowest was 25.80%. And the median was 63.20%.
Total Assets is connected with ROA %. China Youran Dairy Group's annualized ROA % for the quarter that ended in Jun. 2024 was -1.46%. Total Assets is also linked to Revenue through Asset Turnover. China Youran Dairy Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.22.
The historical data trend for China Youran Dairy Group'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.
China Youran Dairy Group Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Total Assets | Get a 7-Day Free Trial | 11,068.06 | 26,317.72 | 39,135.98 | 48,517.14 | 50,532.29 |
China Youran Dairy Group Semi-Annual Data | |||||||||||
Dec18 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | |
Total Assets | Get a 7-Day Free Trial | 42,637.25 | 48,517.14 | 50,039.93 | 50,532.29 | 46,774.16 |
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.
China Youran Dairy Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (A: Dec. 2023 ) | + | Total Liabilities (A: Dec. 2023 ) |
= | 14327.076 | + | 36205.211 | |
= | 50,532 |
China Youran Dairy Group's Total Assets for the quarter that ended in Jun. 2024 is calculated as
Total Assets | = | Total Equity (Q: Jun. 2024 ) | + | Total Liabilities (Q: Jun. 2024 ) |
= | 13565.631 | + | 33208.533 | |
= | 46,774 |
* 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 Youran Dairy Group (HKSE:09858) Total Assets Explanation
Total Assets is connected with ROA %.
China Youran Dairy Group's annualized ROA % for the quarter that ended in Jun. 2024 is
ROA % | = | Net Income (Q: Jun. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Jun. 2024 )) | / count ) |
= | -712.398 | / | ( (50532.287 | + | 46774.164) | / 2 ) | |
= | -712.398 | / | 48653.2255 | ||||
= | -1.46 % |
Note: The Net Income data used here is two times the semi-annual (Jun. 2024) 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 Youran Dairy Group's Asset Turnover for the quarter that ended in Jun. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: Jun. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Jun. 2024 )) | / count ) |
= | 10824.581 | / | ( (50532.287 | + | 46774.164) | / 2 ) |
= | 10824.581 | / | 48653.2255 | |||
= | 0.22 |
* 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.
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