Xiamen Xiangyu Co's Total Assets for the quarter that ended in Mar. 2024 was ¥133,669 Mil.
During the past 12 months, Xiamen Xiangyu Co's average Total Assets Growth Rate was -6.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 14.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 18.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 22.60% per year.
During the past 13 years, Xiamen Xiangyu Co's highest 3-Year average Total Assets Growth Rate was 159.50%. The lowest was -55.00%. And the median was 26.30%.
The historical data trend for Xiamen Xiangyu Co'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.
Xiamen Xiangyu 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.
Xiamen Xiangyu Co (SHSE:600057) 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.
Xiamen Xiangyu 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.
Xiamen Xiangyu Co Total Assets Related Terms
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Xiamen Xiangyu Co (SHSE:600057) Business Description
Xiamen Xiangyu Co Ltd provides supply chain and circulation services in the People's Republic of China. It supplies plastic chemicals, agricultural products, metallic ores, forest products, and mechanical and electrical products. The company also offers various integrated logistics services comprising the international purchase and distribution, international multimodal transport, domestic door-to-door logistics and financial logistics.
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