Autobio Diagnostics Co's Total Assets for the quarter that ended in Mar. 2024 was ¥11,606 Mil.
Warning Sign:
If a company builds assets at 29.5% a year, faster than its revenue growth rate of 16.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Autobio Diagnostics Co's average Total Assets Growth Rate was 2.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 29.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 42.00% per year.
During the past 13 years, Autobio Diagnostics Co's highest 3-Year average Total Assets Growth Rate was 69.90%. The lowest was 6.50%. And the median was 47.70%.
* 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.
Autobio Diagnostics 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.
Autobio Diagnostics Co (SHSE:603658) 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.
Autobio Diagnostics 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.
Autobio Diagnostics Co Total Assets Related Terms
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Autobio Diagnostics Co (SHSE:603658) Business Description
Autobio Diagnostics Co Ltd is a clinical diagnostics company in China. It specializes in research and development, production, marketing and service of clinical diagnostic products, including immunoassay, microbiology and biochemical products. It focuses on the common development of both reagents and instruments. Reagents products include immunoassay, biochemistry, microbiology, and IVD subdivision areas, and instruments include both full automation and semi-automation instruments and systems. Geographically it holds a strong distribution network with thousands of distributors in the Chinese market.
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