If a company builds assets at 53.9% a year, faster than its revenue growth rate of 41% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Shandong Fengyuan Chemical Co's average Total Assets Growth Rate was -24.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 77.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 53.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 27.10% per year.
During the past 13 years, Shandong Fengyuan Chemical Co's highest 3-Year average Total Assets Growth Rate was 77.60%. The lowest was 4.30%. And the median was 17.10%.
* 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.
Shandong Fengyuan Chemical 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.
Shandong Fengyuan Chemical Co (SZSE:002805) 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.
Shandong Fengyuan Chemical 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.
Shandong Fengyuan Chemical Co Total Assets Related Terms
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Shandong Fengyuan Chemical Co Business Description
Shandong Fengyuan Chemical Co Ltd is engaged in research, development, production and sales of industrial oxalic acid, refined oxalic acid and oxalate series products. Its manufacturing departments include oxalic acid manufacturing department and nitric acid manufacturing department. Its products are widely used in fields such as pharmaceuticals, rare earths, fine chemicals, electronic ceramics, lithium battery cathode materials, textile printing and dyeing.
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