If a company builds assets at 21.8% a year, faster than its revenue growth rate of 7.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Tong Hsing Electronic Industries's average Total Assets Growth Rate was -3.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 19.10% per year.
During the past 13 years, Tong Hsing Electronic Industries's highest 3-Year average Total Assets Growth Rate was 47.50%. The lowest was -2.40%. And the median was 12.15%.
* 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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Tong Hsing Electronic Industries Total Assets Chart
Tong Hsing Electronic Industries 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.
Tong Hsing Electronic Industries (TPE:6271) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 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.
Tong Hsing Electronic Industries's Asset Turnover for the quarter that ended in Dec. 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.
Tong Hsing Electronic Industries Total Assets Related Terms
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Tong Hsing Electronic Industries Business Description
Tong Hsing Electronic Industries Ltd is a Taiwan-based company that is principally engaged in developing, manufacturing, and selling hybrid integrated circuits, image sensors, metalized ceramic substrates, RF modules, and others. The company generates the majority of its total revenue from overseas markets, including the United States, Singapore, and Malaysia.
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