Axelum Resources's Total Assets for the quarter that ended in Dec. 2023 was ₱11,232 Mil.
During the past 12 months, Axelum Resources's average Total Assets Growth Rate was -8.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 5.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 6.20% per year.
During the past 9 years, Axelum Resources's highest 3-Year average Total Assets Growth Rate was 126.30%. The lowest was 5.10%. And the median was 8.10%.
The historical data trend for Axelum Resources'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.
Axelum Resources'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.
Axelum Resources (PHS:AXLM) 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.
Axelum Resources'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.
Axelum Resources Total Assets Related Terms
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Axelum Resources Corp is engaged in the manufacturing and distributing of high-quality coconut products which are mostly distributed to domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, and nutritional and personal care brands. The company's product segments are divided into coconut water, white meat (Desiccated coconut, Coconut milk powder, Coconut cream/milk, sweetened coconut), and by-products. Geographically, it derives a majority of its revenue from the Philippines and also has a presence in the United States of America and Australia.
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