If a company builds assets at 25.2% a year, faster than its revenue growth rate of 12.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Zhengyuan Zhihui Goup Co's average Total Assets Growth Rate was 10.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 25.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 25.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 25.40% per year.
During the past 12 years, Zhengyuan Zhihui Goup Co's highest 3-Year average Total Assets Growth Rate was 36.00%. The lowest was 15.10%. And the median was 25.30%.
* 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.
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.
Zhengyuan Zhihui Goup 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.
Zhengyuan Zhihui Goup Co (SZSE:300645) 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.
Zhengyuan Zhihui Goup 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.
Zhengyuan Zhihui Goup Co Total Assets Related Terms
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Zhengyuan Zhihui Goup Co Ltd Formerly Zhejiang Zhengyuan Zhihui Technology Co Ltd is focused on providing the smart card, IoT products, solutions and operation and maintenance services for education, power, medical and health, government military and police, large enterprises, and park communities. Its software products include operating, shared a smart card and intensive, standalone smart card, and energy monitoring platforms; smart campus and enterprise smart cards; and education software.
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