Fulongma Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥6,309 Mil.
Warning Sign:
If a company builds assets at 11.2% a year, faster than its revenue growth rate of 7.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Fulongma Group Co's average Total Assets Growth Rate was 8.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 8.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 11.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 25.90% per year.
During the past 13 years, Fulongma Group Co's highest 3-Year average Total Assets Growth Rate was 46.60%. The lowest was 8.30%. And the median was 30.40%.
The historical data trend for Fulongma Group 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.
Fulongma Group 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.
Fulongma Group Co (SHSE:603686) 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.
Fulongma 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.
Fulongma Group Co Total Assets Related Terms
Thank you for viewing the detailed overview of Fulongma Group Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Fulongma Group Co (SHSE:603686) Business Description
Fulongma Group Co Ltd supplies Chinese professionalization environmental sanitation equipment. The company is engaged in the research and development, production, selling, and services of the specialized cleaning vehicle, garbage, collecting and transporting vehicle and other equipment that are mainly used in the environmental sanitation department, municipal works, and road cleaning. Some of its products are Sweeping and Clean-keeping series, Garbage collection, and others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:603686 has been successfully added to your 