Toyo Tire's Total Assets for the quarter that ended in Mar. 2024 was 円660,455 Mil.
Warning Sign:
If a company builds assets at 6.9% a year, faster than its revenue growth rate of 4.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Toyo Tire's average Total Assets Growth Rate was 10.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 13.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 6.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 2.40% per year.
During the past 13 years, Toyo Tire's highest 3-Year average Total Assets Growth Rate was 17.50%. The lowest was -6.30%. And the median was 3.00%.
Total Assets is connected with ROA %. Toyo Tire's annualizedROA % for the quarter that ended in Mar. 2024 was 14.13%. Total Assets is also linked to Revenue through Asset Turnover. Toyo Tire's Asset Turnover for the quarter that ended in Mar. 2024 was 0.20.
Toyo Tire Total Assets Historical Data
The historical data trend for Toyo Tire'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.
Toyo Tire'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.
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.
Toyo Tire'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.
Toyo Tire Total Assets Related Terms
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Toyo Tire Corp manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts. The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion. Additional enhancements are gained through driving simulation and propriety T mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.
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