If a company builds assets at 51.6% a year, faster than its revenue growth rate of 33.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Shenzhen S.C New Energy Technology's average Total Assets Growth Rate was 100.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 61.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 51.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 44.90% per year.
During the past 11 years, Shenzhen S.C New Energy Technology's highest 3-Year average Total Assets Growth Rate was 61.20%. The lowest was 28.50%. And the median was 45.10%.
* 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.
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Shenzhen S.C New Energy Technology Total Assets Chart
Shenzhen S.C New Energy Technology 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.
Shenzhen S.C New Energy Technology (SZSE:300724) 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.
Shenzhen S.C New Energy 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.
Shenzhen S.C New Energy Technology Total Assets Related Terms
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Shenzhen S.C New Energy Technology (SZSE:300724) Business Description
Shenzhen S.C New Energy Technology Corp is a Chinese photo-voltaic and green energy equipment manufacturer. The company offerings are categorized into five categories from mono/multi-Crystalline texturing equipment, diffusion furnace, PSG removal and edge isolation equipment, PECVD to intelligent automation equipment. Its products include Automatic Mono-Crystalline Texturing Equipment, DOA Equipment, Integrated Mono-crystalline/ MCCE Texturing Equipment, Automatic Ultrasonic Wafer Cleaning Equipment, Drying oven, LED devices, and also offers Crystalline Solar Cell Production Line Turnkey Solution.
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