Cullinan Holdings's Total Assets for the quarter that ended in Sep. 2017 was R1,302.05 Mil.
Warning Sign:
If a company builds asset at 26.5% a year, faster than its revenue growth rate of 14.5% over the past 5 years, it means that the company may be getting less efficent.
During the past 12 months, Cullinan Holdings's average Total Assets Growth Rate was 16.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 26.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 17.00% per year.
During the past 13 years, Cullinan Holdings's highest 3-Year average Total Assets Growth Rate was 47.90%. The lowest was -2.90%. And the median was 16.80%.
The historical data trend for Cullinan Holdings'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.
Cullinan Holdings's Total Assets for the fiscal year that ended in Sep. 2017 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.
Cullinan Holdings (JSE:CULP.PFD) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Sep. 2017) 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.
Cullinan Holdings's Asset Turnover for the quarter that ended in Sep. 2017 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.
Cullinan Holdings Total Assets Related Terms
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Cullinan Holdings (JSE:CULP.PFD) Business Description
Cullinan Holdings Ltd is engaged in leisure business sector. The business of the company operates in segments that include Marine and Boating; which supplies marine and boating equipment to boat builders and wholesalers; Travel and Tourism, which provides outbound tours, inbound tours, and coaching and touring; Financial Services, which provides bridging finance primarily on property transfers, marine finance aimed at boat building; and Corporate Services, which focus on projects to support community development. The Travel and Tourism business segment generates maximum revenue for the company.
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