Unifreight Africa's Total Assets for the quarter that ended in Dec. 2023 was ZWG29,730 Mil.
Warning Sign:
If a company builds assets at 355.4% a year, faster than its revenue growth rate of 303.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Unifreight Africa's average Total Assets Growth Rate was 259.00% per year.
During the past 3 years, the average Total Assets Growth Rate was 385.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 355.40% per year.
During the past 9 years, Unifreight Africa's highest 3-Year average Total Assets Growth Rate was 630.40%. The lowest was -34.30%. And the median was 122.05%.
The historical data trend for Unifreight Africa'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.
Unifreight Africa's Total Assets for the fiscal year that ended in Dec. 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.
Unifreight Africa (XZIM:UNIF.ZW) Total Assets Explanation
Note:
The Net Income data used here is one times the annual (Dec. 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.
Unifreight Africa's Asset Turnover for the quarter that ended in Dec. 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.
Unifreight Africa Total Assets Related Terms
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Unifreight Africa Ltd is a Zimbabwe-based transport company. It is involved in the road transport industry whose main activities include inter-city freight consolidations, the distribution of general goods, and a courier service. The company's brands include Swift Transport, Bulwark Transport, and SkyNet Worldwide Express. Its operating divisions include Transport and Courier; Dedicated and Specialised and International distribution logistics. It operates in two segments namely Transport and Logistics solution and Investment property. The company generates maximum revenue from Transport and Logistics segment. Geographically, it derives revenue from Zimbabwe.
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