Genbyte Technology's Total Assets for the quarter that ended in Mar. 2024 was ¥2,289 Mil.
Warning Sign:
If a company builds assets at 24.6% a year, faster than its revenue growth rate of 8.7% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Genbyte Technology's average Total Assets Growth Rate was 56.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 14.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 24.60% per year.
During the past 8 years, Genbyte Technology's highest 3-Year average Total Assets Growth Rate was 39.90%. The lowest was 5.70%. And the median was 23.30%.
The historical data trend for Genbyte Technology'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.
Genbyte Technology'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.
Genbyte Technology (SZSE:003028) 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.
Genbyte Technology'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.
Genbyte Technology Total Assets Related Terms
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Genbyte Technology (SZSE:003028) Business Description
Intersection of Genyu Road and Nanming Road, Yutang Street, Floor 1-6, Building 4, Huahong Xintong Industrial Park, Guangming New District, Guangdong Province, Shenzhen, CHN, 518000
Genbyte Technology Inc is engaged in the research and development, manufacturing and sales of technical products such as intelligent controllers, variable frequency drives, digital power supplies and intelligent IoT modules.
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