Ganfeng Lithium Group Co's Total Assets for the quarter that ended in Sep. 2024 was ¥98,672 Mil.
Warning Sign:
If a company builds assets at 58.9% a year, faster than its revenue growth rate of 52.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Ganfeng Lithium Group Co's average Total Assets Growth Rate was 10.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 60.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 58.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 54.90% per year.
During the past 13 years, Ganfeng Lithium Group Co's highest 3-Year average Total Assets Growth Rate was 76.80%. The lowest was 29.30%. And the median was 49.75%.
* 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.
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.
Ganfeng Lithium Group 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.
Ganfeng Lithium Group Co (SZSE:002460) 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.
Ganfeng Lithium Group 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.
Ganfeng Lithium Group Co Total Assets Related Terms
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Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.
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