If a company builds assets at 23.6% a year, faster than its revenue growth rate of 13.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, China Master Logistics Co's average Total Assets Growth Rate was 14.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 15.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 23.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 16.10% per year.
During the past 11 years, China Master Logistics Co's highest 3-Year average Total Assets Growth Rate was 36.10%. The lowest was 6.20%. And the median was 14.75%.
* 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.
China Master Logistics Co Total Assets Calculation
Total Assets are all the assets a company owns.
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.
China Master Logistics 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.
China Master Logistics Co (SHSE:603967) 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.
China Master Logistics 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.
China Master Logistics Co Total Assets Related Terms
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China Master Logistics Co Ltd is an integrated logistics company. The business of company mainly covers freight forwarding, CFS services, shipping agency, coastal transportation, project logistics, commodity Logistics and other areas with the service network covering the major ports such as Ningbo, Lianyungang, Rizhao, Rongcheng, Qingdao and others.
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