Hainan Haiyao Co's Total Assets for the quarter that ended in Mar. 2024 was ¥7,475 Mil.
During the past 12 months, Hainan Haiyao Co's average Total Assets Growth Rate was 0.50% per year.
During the past 3 years, the average Total Assets Growth Rate was -4.30% per year.
During the past 5 years, the average Total Assets Growth Rate was -1.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.40% per year.
During the past 13 years, Hainan Haiyao Co's highest 3-Year average Total Assets Growth Rate was 109.00%. The lowest was -25.20%. And the median was 11.10%.
The historical data trend for Hainan Haiyao 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.
Hainan Haiyao 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.
Hainan Haiyao Co (SZSE:000566) 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.
Hainan Haiyao 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.
Hainan Haiyao Co Total Assets Related Terms
Thank you for viewing the detailed overview of Hainan Haiyao Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Hainan Haiyao Co (SZSE:000566) Business Description
Hainan Haiyao Co Ltd is a China-based company engages in the research, development, manufacture, and sale of medicines and medical instrument. Its product includes cephalosporin series, stomach and intestine medicines, anti-tumor medicines, cochlear implant series, bulk drugs and intermediate series. The company distributes its products in domestic market and to overseas market. Digital China Information Service Co Ltd is a China-based company principally engaged in software and information technology (IT) service industry. Its services include technical services, agricultural informatization, application software development, special financial equipment, and integrated solutions for the financial, government, enterprises, telecommunications, agriculture, and other industries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:000566 has been successfully added to your 