CGN Mining Co's Total Assets for the quarter that ended in Dec. 2023 was HK$6,750 Mil.
Warning Sign:
If a company builds assets at 34.5% a year, faster than its revenue growth rate of 27.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, CGN Mining Co's average Total Assets Growth Rate was -15.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 23.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 34.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 20.70% per year.
During the past 13 years, CGN Mining Co's highest 3-Year average Total Assets Growth Rate was 59.30%. The lowest was -10.70%. And the median was 15.35%.
The historical data trend for CGN Mining 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.
CGN Mining Co'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.
CGN Mining Co (HKSE:01164) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-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.
CGN Mining Co'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.
CGN Mining Co Total Assets Related Terms
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CGN Mining Co Ltd is an investment holding company. It is engaged in the development and trading of natural uranium resources for use by nuclear energy companies. The company organized into three main segments: Natural uranium trading, Property investment, and Other investment. It's Natural uranium trading segment engages in trading of natural uranium. The property investment segment engages in leasing and selling of office premises and other investments segment engages in investment in a joint venture. The company generates majority of its revenue from the trading of natural uranium.
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