Hengs Technology Co's Total Assets for the quarter that ended in Dec. 2023 was NT$3,667 Mil.
Warning Sign:
If a company builds assets at 21.7% a year, faster than its revenue growth rate of 7.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Hengs Technology Co's average Total Assets Growth Rate was 0.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 19.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.70% per year.
During the past 8 years, Hengs Technology Co's highest 3-Year average Total Assets Growth Rate was 31.90%. The lowest was 12.20%. And the median was 15.50%.
The historical data trend for Hengs Technology Co'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.
Hengs Technology Co'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.
Hengs Technology Co (ROCO:4582) 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.
Hengs Technology 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.
Hengs Technology Co Total Assets Related Terms
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Hengs Technology Co (ROCO:4582) Business Description
Hengs Technology Co Ltd is a Taiwan-based company engaged in the development of the solar power system. The product portfolio of the company includes Solar Pump Package, Solar Outdoor Lighting, Solar Mounting Rack, PV Module, and Battery among others. The main business projects include energy technical service engineering, electronic equipment retail and wholesale, other machinery and lighting equipment manufacturing, international trade, etc.
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