Sailun Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥35,172 Mil.
Warning Sign:
If a company builds assets at 18.8% a year, faster than its revenue growth rate of 8.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Sailun Group Co's average Total Assets Growth Rate was 19.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 18.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 12.30% per year.
During the past 13 years, Sailun Group Co's highest 3-Year average Total Assets Growth Rate was 50.70%. The lowest was 4.90%. And the median was 21.30%.
The historical data trend for Sailun Group 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.
Sailun Group 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.
Sailun Group Co (SHSE:601058) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 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.
Sailun Group Co's Asset Turnover for the quarter that ended in Mar. 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.
Sailun Group Co Total Assets Related Terms
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Sailun Group Co (SHSE:601058) Business Description
Sailun Group Co Ltd is a Chinese company engaged in the research, development, and manufacturing of radial tires and its related manufacturing technology such as management and control network system and computer systems in China. It offers passenger car tires, card passenger tires, and special tires. The company provides tires in the car series, SUV series, racing series, truck tire series, bus tire series, agricultural tires, among others. Its products are sold in China and other countries.
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