Grupo MexicoB de CV's Total Assets for the quarter that ended in Sep. 2023 was $34,733 Mil.
During the past 12 months, Grupo MexicoB de CV's average Total Assets Growth Rate was -8.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 2.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 3.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 10.60% per year.
During the past 13 years, Grupo MexicoB de CV's highest 3-Year average Total Assets Growth Rate was 25.00%. The lowest was 2.90%. And the median was 14.50%.
The historical data trend for Grupo MexicoB de CV'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.
Grupo MexicoB de CV'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.
Grupo MexicoB de CV (OTCPK:GMBXF) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 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.
Grupo MexicoB de CV's Asset Turnover for the quarter that ended in Sep. 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.
Grupo MexicoB de CV Total Assets Related Terms
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Grupo MexicoB de CV (Grupo MexicoB de CV) Business Description
Grupo Mexico SAB de CV is a holding company that operates in the mining-metallurgic industry, the exploration, exploitation, and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development. The majority of the group's revenue is generated by the mining division, through its subsidiary AMC. The company has 14 mines and exploration projects in Mexico, Peru, the United States of America, Chile, Ecuador, and Argentina, and its products include copper, molybdenum, silver, zinc, gold, and lead. The company also has a transportation division comprised of three large railroad companies through its subsidiary FM Rail Holding. Together, they form the largest railroad operator in Mexico, both in terms of coverage and fleet size.
Grupo MexicoB de CV (Grupo MexicoB de CV) Headlines
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