If a company builds assets at 23.5% a year, faster than its revenue growth rate of 17.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Sociedad Minera Cerro VerdeA's average Total Assets Growth Rate was -0.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 0.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 23.50% per year.
During the past 10 years, Sociedad Minera Cerro VerdeA's highest 3-Year average Total Assets Growth Rate was 73.40%. The lowest was 0.50%. And the median was 32.50%.
* 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.
Sociedad Minera Cerro VerdeA 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.
Sociedad Minera Cerro VerdeA (OTCPK:SMRAF) Total Assets Explanation
Note:
The Net Income data used here is one times the annual (Dec. 2023) 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.
Sociedad Minera Cerro VerdeA's Asset Turnover for the quarter that ended in Dec. 2023 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.
Sociedad Minera Cerro VerdeA Total Assets Related Terms
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Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Business Description
Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.
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