Wingtech Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥75,263 Mil.
Warning Sign:
If a company builds assets at 27.5% a year, faster than its revenue growth rate of 6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Wingtech Technology Co's average Total Assets Growth Rate was 4.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 11.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 27.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 32.80% per year.
During the past 13 years, Wingtech Technology Co's highest 3-Year average Total Assets Growth Rate was 343.50%. The lowest was -59.30%. And the median was 22.80%.
* 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.
Wingtech Technology 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.
Wingtech Technology Co (SHSE:600745) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 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.
Wingtech Technology Co's Asset Turnover for the quarter that ended in Mar. 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.
Wingtech Technology Co Total Assets Related Terms
Thank you for viewing the detailed overview of Wingtech Technology Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Wingtech Technology Co (SHSE:600745) Business Description
Wingtech Technology Co Ltd is a China-based company engaged in the research, development, and manufacture of mobile terminals and smart hardware products. Its main products are mobile communication complete machines, mobile communication devices and other mobile communication products, such as smartphones. The company also provides services such as Intelligent Terminal, Virtual Reality, Property and Hotel and other services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:600745 has been successfully added to your 