If a company builds assets at 26.9% a year, faster than its revenue growth rate of 11.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Jiangsu Tongrun Equipment Technology Co's average Total Assets Growth Rate was 167.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 51.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 26.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.20% per year.
During the past 13 years, Jiangsu Tongrun Equipment Technology Co's highest 3-Year average Total Assets Growth Rate was 51.50%. The lowest was -5.70%. And the median was 14.20%.
* 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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Jiangsu Tongrun Equipment Technology Co Total Assets Chart
Jiangsu Tongrun Equipment Technology Co Annual Data
Jiangsu Tongrun Equipment Technology 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.
Jiangsu Tongrun Equipment Technology Co (SZSE:002150) 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.
Jiangsu Tongrun Equipment Technology 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.
Jiangsu Tongrun Equipment Technology Co Total Assets Related Terms
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Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Business Description
Jiangsu Tongrun Equipment Technology Co Ltd is engaged in business of sheet metal products and electrical products. The products of the company include metal toolbox cabinets, steel office furniture, precision sheet metal parts, complete set of electrical control cabinets, and high voltage circuit breakers. The company generates majority of revenue from metal tool manufacturing.
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