Zhende Medical Co's Total Assets for the quarter that ended in Mar. 2024 was ¥8,005 Mil.
Warning Sign:
If a company builds assets at 33.6% a year, faster than its revenue growth rate of 17% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Zhende Medical Co's average Total Assets Growth Rate was 5.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 11.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 33.60% per year.
During the past 10 years, Zhende Medical Co's highest 3-Year average Total Assets Growth Rate was 55.40%. The lowest was 5.10%. And the median was 23.00%.
The historical data trend for Zhende Medical 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.
Zhende Medical 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.
Zhende Medical Co (SHSE:603301) 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.
Zhende Medical 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.
Zhende Medical Co Total Assets Related Terms
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Zhende Medical Co (SHSE:603301) Business Description
Zhende Medical Co Ltd provides medical products. The company is engaged in the production and sale of medical dressing, pressure treatment and fixation, modern wound care, surgical infection management, and incontinence care products.
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