During the past 12 months, Jiangsu Amer New Material Co's average Total Assets Growth Rate was 1.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 3.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.00% per year.
During the past 13 years, Jiangsu Amer New Material Co's highest 3-Year average Total Assets Growth Rate was 28.40%. The lowest was -2.70%. And the median was 14.70%.
* 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.
Jiangsu Amer New Material 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.
* 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.
Jiangsu Amer New Material Co (SZSE:002201) 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.
Jiangsu Amer New Material 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.
Jiangsu Amer New Material Co Total Assets Related Terms
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Jiangsu Amer New Material Co (SZSE:002201) Business Description
Jiangsu Amer New Material Co Ltd is a manufacturing enterprise for advanced fiberglass textiles in China. It specializes in production and sales of glass fiber yarn, fabrics building materials, decoration materials and other textile glass fiber products and fiberglass reinforced plastic products. The company exported its products to more than 50 countries and regions, including North America, Europe, Southeast Asia, Japan and South Korea.
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