If a company builds assets at 24.7% a year, faster than its revenue growth rate of 10.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Chaozhou Three-Circle (Group) Co's average Total Assets Growth Rate was 44.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 30.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 24.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 16.80% per year.
During the past 13 years, Chaozhou Three-Circle (Group) Co's highest 3-Year average Total Assets Growth Rate was 36.30%. The lowest was -2.50%. And the median was 29.30%.
* 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.
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Chaozhou Three-Circle (Group) Co Total Assets Chart
Chaozhou Three-Circle (Group) 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.
Chaozhou Three-Circle (Group) Co (SZSE:300408) 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.
Chaozhou Three-Circle (Group) 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.
Chaozhou Three-Circle (Group) Co Total Assets Related Terms
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Chaozhou Three-Circle (Group) Co (SZSE:300408) Business Description
Chaozhou Three-Circle (Group) Co Ltd is a China-based company engages in the field of electronic components and ceramics. Its products include fiber optic component, ceramic substrates, multilayer ceramic chip capacitor, resistors, ceramic rods, light-emitting diode ceramic package, surface mount device ceramic package, electronic-ceramic parts, mechanical structural ceramic parts, metalized ceramics, electric ceramics, fashion ceramics, ceramic blade, and aluminum nitride ceramic substrates.
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