Sanan Optoelectronics Co's Total Assets for the quarter that ended in Mar. 2024 was ¥57,747 Mil.
Warning Sign:
If a company builds assets at 15.8% a year, faster than its revenue growth rate of 9.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Sanan Optoelectronics Co's average Total Assets Growth Rate was -0.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 15.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 15.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 16.20% per year.
During the past 13 years, Sanan Optoelectronics Co's highest 3-Year average Total Assets Growth Rate was 119.50%. The lowest was -20.60%. And the median was 15.55%.
* 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.
Sanan Optoelectronics 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.
Sanan Optoelectronics Co (SHSE:600703) 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.
Sanan Optoelectronics 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.
Sanan Optoelectronics Co Total Assets Related Terms
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Sanan Optoelectronics Co (SHSE:600703) Business Description
Sanan Optoelectronics Co Ltd is a China-based full-color ultra-high brightness LED epitaxial and chip manufacturer. It is engaged in the development, production, and sales of full-color and high brightness LED epitaxial wafers, chips, compound solar cells and high-powered condenser photovoltaic products. The products offered by the company are a sapphire substrate, an integrated circuit, solar battery, LED chip, optical communication chip and others.
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