If a company builds assets at 55.2% a year, faster than its revenue growth rate of 17.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Espressif Systems (Shanghai) Co's average Total Assets Growth Rate was 20.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 51.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 55.20% per year.
During the past 8 years, Espressif Systems (Shanghai) Co's highest 3-Year average Total Assets Growth Rate was 71.10%. The lowest was 38.00%. And the median was 57.80%.
* 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.
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Espressif Systems (Shanghai) Co Total Assets Chart
Espressif Systems (Shanghai) Co Total Assets Calculation
Total Assets are all the assets a company owns.
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.
* 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.
Espressif Systems (Shanghai) Co (SHSE:688018) 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.
Espressif Systems (Shanghai) 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.
Espressif Systems (Shanghai) Co Total Assets Related Terms
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Espressif Systems (Shanghai) Co (SHSE:688018) Business Description
Espressif Systems (Shanghai) Co Ltd is primarily engaged in development, design and sales of Wi-Fi MCU communication chips and their modules from the internet of things.
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