Nanjing Iron & Steel Co's Total Assets for the quarter that ended in Sep. 2024 was ¥67,657 Mil.
Warning Sign:
If a company builds assets at 13.3% a year, faster than its revenue growth rate of 3.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Nanjing Iron & Steel Co's average Total Assets Growth Rate was -5.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 15.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 13.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 7.40% per year.
During the past 13 years, Nanjing Iron & Steel Co's highest 3-Year average Total Assets Growth Rate was 49.70%. The lowest was -2.40%. And the median was 12.05%.
* 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.
Nanjing Iron & Steel 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.
Nanjing Iron & Steel Co (SHSE:600282) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 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.
Nanjing Iron & Steel Co's Asset Turnover for the quarter that ended in Sep. 2024 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.
Nanjing Iron & Steel Co Total Assets Related Terms
Thank you for viewing the detailed overview of Nanjing Iron & Steel Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Nanjing Iron & Steel Co Ltd is a China-based company engaged in the business of production and selling of steel products. The company produces rolls, bars, high-speed wire, strips and other steel products. The products are used are used in LNG storage and utilization, shipbuilding and marine engineering, high-speed railway, power steel, automotive steel, bridges and other industries. The company sells its products in China and other international countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:600282 has been successfully added to your 