During the past 12 months, Shenzhen INVT Electric Co's average Total Assets Growth Rate was -5.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 11.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.50% per year.
During the past 13 years, Shenzhen INVT Electric Co's highest 3-Year average Total Assets Growth Rate was 67.60%. The lowest was -3.00%. And the median was 24.20%.
* 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.
Shenzhen INVT Electric 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.
Shenzhen INVT Electric 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.
Shenzhen INVT Electric Co (SZSE:002334) 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.
Shenzhen INVT Electric 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.
Shenzhen INVT Electric Co Total Assets Related Terms
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Shenzhen INVT Electric Co (SZSE:002334) Business Description
Shenzhen INVT Electric Co Ltd is an industrial automation and energy power products and service providers. Its business areas cover electrical drive, industrial control, traffic traction, new energy vehicle drive, power, robot and intelligent manufacturing and others. Geographically the activities are carried out through China.
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