Renesas Electronics's Total Assets for the quarter that ended in Dec. 2023 was $21,996 Mil.
Warning Sign:
If a company builds assets at 24.4% a year, faster than its revenue growth rate of 15.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Renesas Electronics's average Total Assets Growth Rate was 10.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 25.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 24.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 21.10% per year.
During the past 13 years, Renesas Electronics's highest 3-Year average Total Assets Growth Rate was 50.00%. The lowest was -13.70%. And the median was 17.25%.
The historical data trend for Renesas Electronics'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.
Renesas Electronics'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.
Renesas Electronics (OTCPK:RNECF) 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.
Renesas Electronics'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.
Renesas Electronics Total Assets Related Terms
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Renesas Electronics (Renesas Electronics) Business Description
Renesas Electronics Corp is a Japan-based company that manufactures and distributes semiconductor components and other products for use in automotive, healthcare, computer peripheral, connectivity, home appliance, and industrial end markets. Its product portfolio includes microcontrollers and microprocessors, embedded systems platform, insulated-gate bipolar transistors, intelligent power devices, thrysistors, transistors, diodes, analog integrated circuits, and optoelectronics products. The firm has operations in Japan, the Americas, Europe, Middle East and Africa, and Asia.
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