Weiqiao Textile Co's Total Assets for the quarter that ended in Jun. 2023 was $3,392 Mil.
During the past 12 months, Weiqiao Textile Co's average Total Assets Growth Rate was -6.00% per year.
During the past 3 years, the average Total Assets Growth Rate was -0.90% per year.
During the past 5 years, the average Total Assets Growth Rate was -2.90% per year.
During the past 10 years, the average Total Assets Growth Rate was -5.40% per year.
During the past 13 years, Weiqiao Textile Co's highest 3-Year average Total Assets Growth Rate was 60.20%. The lowest was -11.80%. And the median was -1.15%.
The historical data trend for Weiqiao Textile 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.
Weiqiao Textile Co's Total Assets for the fiscal year that ended in Dec. 2022 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.
Weiqiao Textile Co (OTCPK:WQTEF) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Jun. 2023) 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.
Weiqiao Textile Co's Asset Turnover for the quarter that ended in Jun. 2023 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.
Weiqiao Textile Co Total Assets Related Terms
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Weiqiao Textile Co (Weiqiao Textile Co) Business Description
Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.
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