Huatai Securities Co's Total Assets for the quarter that ended in Mar. 2024 was ¥862,623 Mil.
Warning Sign:
If a company builds assets at 18.4% a year, faster than its revenue growth rate of 11.7% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Huatai Securities Co's average Total Assets Growth Rate was -1.00% per year.
During the past 3 years, the average Total Assets Growth Rate was 11.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 18.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 15.10% per year.
During the past 13 years, Huatai Securities Co's highest 3-Year average Total Assets Growth Rate was 80.20%. The lowest was -13.10%. And the median was 44.60%.
The historical data trend for Huatai Securities 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.
Huatai Securities 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.
Huatai Securities Co (SHSE:601688) 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.
Huatai Securities 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.
Huatai Securities Co Total Assets Related Terms
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Huatai Securities Co (SHSE:601688) Business Description
Huatai Securities Co Ltd is a financial services provider. The divisions through which the company operates include Wealth management business, Institutional services business, Investment management business, international business, and Others. It has operations spread across Mainland China and Hong Kong, while the Mainland China division drives most of the company revenues. The company generates most of its revenues from the wealth management business division.
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