Shenzhen Energy Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥162,136 Mil.
Warning Sign:
If a company builds assets at 12.6% a year, faster than its revenue growth rate of 7% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Shenzhen Energy Group Co's average Total Assets Growth Rate was 8.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 9.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 12.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 17.50% per year.
During the past 13 years, Shenzhen Energy Group Co's highest 3-Year average Total Assets Growth Rate was 70.30%. The lowest was -1.30%. And the median was 12.15%.
* 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.
Shenzhen Energy 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.
Shenzhen Energy Group Co (SZSE:000027) 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.
Shenzhen Energy 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.
Shenzhen Energy Group Co Total Assets Related Terms
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Shenzhen Energy Group Co (SZSE:000027) Business Description
Shenzhen Energy Group Co Ltd is a China-based company primarily engaged in the business of development, procurement, and marketing of various conventional and new energy sources. The company is an integrated energy enterprise, with its business covering the sectors of electric power, solid waste treatment, and natural gas supply. It has the business presence in China and international countries. The businesses of the company are clean coal-fired power generation, gas power generation, renewable energy generation, environmental protection industry and urban gas. Its renewable energy generation business covers wind power, photovoltaic, hydropower and waste power.
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