If a company builds assets at 12.2% a year, faster than its revenue growth rate of 10.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Poly Developments and Holdings Group Co's average Total Assets Growth Rate was -0.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 5.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 12.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 18.90% per year.
During the past 13 years, Poly Developments and Holdings Group Co's highest 3-Year average Total Assets Growth Rate was 111.10%. The lowest was 5.10%. And the median was 27.05%.
* 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.
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Poly Developments and Holdings Group Co Total Assets Chart
Poly Developments and Holdings Group Co Annual Data
Poly Developments and Holdings Group Co 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.
Poly Developments and Holdings Group Co (SHSE:600048) 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.
Poly Developments and Holdings Group 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.
Poly Developments and Holdings Group Co Total Assets Related Terms
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Poly Developments and Holdings Group Co (SHSE:600048) Business Description
Poly Developments and Holdings is a large real estate developer in China. It is ranked number five by sales value among all Chinese developers in 2019. It has over 600 projects across 100 cities. Property development accounts for 95% of earnings, with property investments and finance income contributing the rest. The company is a subsidiary of China Poly Group, a prominent central-government-controlled state-owned enterprise with ties to the military. China Poly Group holds an aggregate controlling stake of 41% in the company.
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