If a company builds assets at 18.5% a year, faster than its revenue growth rate of 9.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, China International Capital's average Total Assets Growth Rate was -10.20% per year.
During the past 3 years, the average Total Assets Growth Rate was -0.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 18.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 30.30% per year.
During the past 12 years, China International Capital's highest 3-Year average Total Assets Growth Rate was 51.10%. The lowest was -0.20%. And the median was 28.40%.
* 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.
China International Capital Total Assets Calculation
Total Assets are all the assets a company owns.
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.
* 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.
China International Capital (HKSE:03908) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (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.
China International Capital'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.
China International Capital Total Assets Related Terms
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China International Capital (HKSE:03908) Business Description
China International Capital Corp Ltd is a capital market operations company based in China. Its business is carried through investment banking, equity sales and trading, fixed income commodities and currencies, Asset Management; Wealth management, and private equity segments. The company derives its earnings predominantly from China and the rest from overseas. It generates maximum revenue from Wealth management segment.
China International Capital (HKSE:03908) Headlines
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