If a company builds assets at 27% a year, faster than its revenue growth rate of 9.7% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Wuxi JinYang New Materials Co's average Total Assets Growth Rate was 11.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 22.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 27.00% per year.
During the past 7 years, Wuxi JinYang New Materials Co's highest 3-Year average Total Assets Growth Rate was 31.20%. The lowest was 21.20%. And the median was 23.50%.
* 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.
Wuxi JinYang New Materials 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.
Wuxi JinYang New Materials Co (SZSE:301210) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2025) 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.
Wuxi JinYang New Materials Co's Asset Turnover for the quarter that ended in Mar. 2025 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.
Wuxi JinYang New Materials Co Total Assets Related Terms
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Wuxi JinYang New Materials Co Business Description
Wuxi JinYang New Materials Co Ltd is engaged in research & development, production and sales of battery precision structural parts and materials. Its main products are battery packaging shells, safety valves, and nickel-based conductor materials. The company is one of the leading manufacturers of battery precision structural parts and materials in China. Its products are Steel cases for cylindrical batteries, Cylindrical lithium caps, Aluminum shells for square power lithium batteries, Square lithium battery covers, and Ultra-precision cold rolled nickel strips and foil.
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