If a company builds assets at 12.1% a year, faster than its revenue growth rate of 8.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Lingyi Itech (Guangdong) Co's average Total Assets Growth Rate was 13.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 10.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 12.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 35.10% per year.
During the past 13 years, Lingyi Itech (Guangdong) Co's highest 3-Year average Total Assets Growth Rate was 82.10%. The lowest was 10.10%. And the median was 29.20%.
* 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.
Lingyi Itech (Guangdong) 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.
Lingyi Itech (Guangdong) Co (SZSE:002600) 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.
Lingyi Itech (Guangdong) 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.
Lingyi Itech (Guangdong) Co Total Assets Related Terms
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Lingyi Itech (Guangdong) Co (SZSE:002600) Business Description
Lingyi Itech (Guangdong) Co Ltd is a Chinese company that manufactures magnetic materials, precision components and modules, precision structural parts, liquid crystal display modules, capacitive touch screens, wire and cable, motors, trade logistics, and supply chain finance. Its products are used in consumer electronics, automotive control, smart security, smart wear, smart home, new materials, new energy vehicles and other fields.
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