Iflytek Co's Total Assets for the quarter that ended in Mar. 2024 was ¥37,182 Mil.
Warning Sign:
If a company builds assets at 21.4% a year, faster than its revenue growth rate of 18.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Iflytek Co's average Total Assets Growth Rate was 21.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 28.30% per year.
During the past 13 years, Iflytek Co's highest 3-Year average Total Assets Growth Rate was 74.50%. The lowest was 20.00%. And the median was 36.45%.
The historical data trend for Iflytek 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.
Iflytek 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.
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.
Iflytek 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.
Iflytek Co Total Assets Related Terms
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Iflytek Co Ltd is a software enterprise, which is dedicated towards research of intelligent speech and language technologies. The speech technologies comprise speech synthesis and speech recognition to enable human-machine speech communication as convenient as human-human communication. In addition, the speech technologies also include oral language evaluation, speech coding, timbre transformation and noise reduction.
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