CTS Co's Total Assets for the quarter that ended in Dec. 2023 was 円15,684 Mil.
Warning Sign:
If a company builds assets at 9.9% a year, faster than its revenue growth rate of 5.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, CTS Co's average Total Assets Growth Rate was 16.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 11.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 9.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 8.30% per year.
During the past 13 years, CTS Co's highest 3-Year average Total Assets Growth Rate was 17.50%. The lowest was 2.50%. And the median was 11.10%.
Total Assets is connected with ROA %. CTS Co's annualizedROA % for the quarter that ended in Dec. 2023 was 15.07%. Total Assets is also linked to Revenue through Asset Turnover. CTS Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.
CTS Co Total Assets Historical Data
The historical data trend for CTS Co's Total Assets can be seen below:
* 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.
CTS Co's Total Assets for the fiscal year that ended in Mar. 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.
Note:
The Net Income data used here is four times the quarterly (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.
CTS Co'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.
CTS Co Total Assets Related Terms
Thank you for viewing the detailed overview of CTS Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
CTS Co Ltd is engaged in construction ICT, system business, survey measurement business, house furniture business and environmental safety business. The company offers products and services on rental basis specialized in the industry such as system equipment and communication lines. Its product offerings include cloud solution, color multi-function machine, inkjet printer, network cameras, personal computers equipped with functions suitable for the application, focusing on business models, among others.
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