JA Solar Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥109,737 Mil.
Warning Sign:
If a company builds assets at 36.8% a year, faster than its revenue growth rate of 21.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, JA Solar Technology Co's average Total Assets Growth Rate was 47.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 47.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 36.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 65.70% per year.
During the past 13 years, JA Solar Technology Co's highest 3-Year average Total Assets Growth Rate was 176.50%. The lowest was -17.10%. And the median was 34.30%.
* 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.
JA Solar 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.
JA Solar Technology Co (SZSE:002459) 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.
JA Solar 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.
JA Solar Technology Co Total Assets Related Terms
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JA Solar Technology Co (SZSE:002459) Business Description
JA Solar Technology Co Ltd is engaged in production and sales of silicon wafers, solar cells and solar cell modules, as well as the development, construction and operation of solar photovoltaic power stations. The company produces monocrystalline silicon rods and monocrystalline silicon wafers; solar cells and modules; research and development of solar products; sales of solar cells, modules and related products and raw materials; solar photovoltaic grid-connected power generation and sales of electricity.
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