If a company builds assets at 19.9% a year, faster than its revenue growth rate of 17% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Anhui Gujing Distillery Co's average Total Assets Growth Rate was 27.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 27.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 19.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 12.20% per year.
During the past 13 years, Anhui Gujing Distillery Co's highest 3-Year average Total Assets Growth Rate was 54.00%. The lowest was -7.50%. And the median was 7.50%.
* 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.
Anhui Gujing Distillery 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.
Anhui Gujing Distillery Co (SZSE:000596) 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.
Anhui Gujing Distillery 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.
Anhui Gujing Distillery Co Total Assets Related Terms
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Anhui Gujing Distillery Co (SZSE:000596) Business Description
Anhui Gujing is one of the eight most famous baijiu brands in China and the largest baijiu distiller in Anhui province by sales in 2022. The company produces rich-flavored baijiu, with a colorful brand story tracing back 1,800 years to the Three Kingdoms period. Gujing is one of the leading players in the midrange to high-end market and enjoys high retail prices and profit margins, with its flagship Gujing Year Puree series contributing 70%-75% of total sales. The State-Owned Assets Supervision and Administration Commission of Bozhou controls 28% of Gujing.
Anhui Gujing Distillery Co (SZSE:000596) Headlines
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