Ningbo Construction Co's Total Assets for the quarter that ended in Mar. 2024 was ¥27,925 Mil.
Warning Sign:
If a company builds assets at 12.5% a year, faster than its revenue growth rate of 3.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Ningbo Construction Co's average Total Assets Growth Rate was 13.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 13.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 12.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 10.80% per year.
During the past 13 years, Ningbo Construction Co's highest 3-Year average Total Assets Growth Rate was 41.00%. The lowest was 4.40%. And the median was 13.20%.
* 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.
Ningbo Construction 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.
Ningbo Construction Co (SHSE:601789) 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.
Ningbo Construction 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.
Ningbo Construction Co Total Assets Related Terms
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Ningbo Construction Co (SHSE:601789) Business Description
Ningbo Construction Co Ltd is a China-based construction company. It is engaged in the housing construction and general construction business. In addition, the company is also involved in the operation of civil engineering, engineering design, municipal garden, equipment installation and equipment leasing. Its business scope covers engineering survey, architectural design, housing construction and municipal general contracting, rail transit, mechanical and electrical equipment installation, decoration and decoration, steel structure, commercial concrete and prefabricated components. The business segments of the company are the Survey and design section, General contracting sector, and Industrial building sector.
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