Nippon Fine Chemical Co's Total Assets for the quarter that ended in Mar. 2024 was 円59,451 Mil.
Warning Sign:
If a company builds assets at 7% a year, faster than its revenue growth rate of 5.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Nippon Fine Chemical Co's average Total Assets Growth Rate was -2.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 7.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 5.00% per year.
During the past 13 years, Nippon Fine Chemical Co's highest 3-Year average Total Assets Growth Rate was 11.10%. The lowest was -4.60%. And the median was 3.35%.
* 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.
Nippon Fine Chemical Co's Total Assets for the fiscal year that ended in Mar. 2024 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.
Nippon Fine Chemical Co (TSE:4362) 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.
Nippon Fine Chemical 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.
Nippon Fine Chemical Co Total Assets Related Terms
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Nippon Fine Chemical Co Ltd is engaged in manufacturing and sale of chemical products. The company's business division is Fine Chemicals Division which includes pharmaceutical ingredients, agricultural chemicals, and photo chemicals. Cosmetic Ingredients Division offers raw materials for cosmetic products such as fatty acid esters, lanolin, and surfactants among others, and Industrial Chemicals Division produces products including NEUTRON, NSC, and others.
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