Altech Co's Total Assets for the quarter that ended in Feb. 2024 was 円22,127 Mil.
Warning Sign:
If a company builds assets at 10.8% 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, Altech Co's average Total Assets Growth Rate was 8.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 14.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 2.60% per year.
During the past 13 years, Altech Co's highest 3-Year average Total Assets Growth Rate was 16.30%. The lowest was -10.80%. And the median was -1.30%.
Total Assets is connected with ROA %. Altech Co's annualizedROA % for the quarter that ended in Feb. 2024 was -0.79%. Total Assets is also linked to Revenue through Asset Turnover. Altech Co's Asset Turnover for the quarter that ended in Feb. 2024 was 0.19.
Altech Co Total Assets Historical Data
The historical data trend for Altech Co'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.
Altech Co's Total Assets for the fiscal year that ended in Nov. 2023 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.
Note:
The Net Income data used here is four times the quarterly (Feb. 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.
Altech Co's Asset Turnover for the quarter that ended in Feb. 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.
Altech Co Total Assets Related Terms
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Altech Co Ltd is engaged in purchase and sale of industrial machinery and equipments and related services, manufacture and sale of plastic molded products.The company has two reported segments Wholesale business and Preform business. Wholesale business purchases and sells industrial machinery and equipments and provides related services. Preform business manufactures and sells performs for PET bottles, plastic caps and provides related services.
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