Tomen Electronics's Total Assets for the quarter that ended in Sep. 2014 was 円83,988 Mil.
Warning Sign:
If a company builds asset at 6.2% a year, faster than its revenue growth rate of 4% over the past 5 years, it means that the company may be getting less efficent.
During the past 12 months, Tomen Electronics's average Total Assets Growth Rate was 6.10% per year.
During the past 3 years, the average Total Assets Growth Rate was -0.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 6.20% per year.
During the past 7 years, Tomen Electronics's highest 3-Year average Total Assets Growth Rate was 15.20%. The lowest was -0.20%. And the median was 5.45%.
The historical data trend for Tomen Electronics's Total Assets can be seen below:
* 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.
Tomen Electronics's Total Assets for the fiscal year that ended in Mar. 2014 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.
Tomen Electronics (TSE:7558) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 2014) 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.
Tomen Electronics's Asset Turnover for the quarter that ended in Sep. 2014 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.
Tomen Electronics Total Assets Related Terms
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Tomen Electronics Corporation is an importer, exporter, and distributor of electronic devices which includes semiconductor, storage and communication unit components, software and others. The company is segmented into Automotive; Consumer; Imaging; Information and communications; Industrial Equipment; Power Electronics and Amusement.
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