SMC's Total Assets for the quarter that ended in Dec. 2023 was 円2,025,345 Mil.
Warning Sign:
If a company builds assets at 14.4% a year, faster than its revenue growth rate of 10.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, SMC's average Total Assets Growth Rate was 21.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 14.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 8.60% per year.
During the past 13 years, SMC's highest 3-Year average Total Assets Growth Rate was 20.70%. The lowest was -3.80%. And the median was 5.80%.
Total Assets is connected with ROA %. SMC's annualizedROA % for the quarter that ended in Dec. 2023 was 8.31%. Total Assets is also linked to Revenue through Asset Turnover. SMC's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.
SMC Total Assets Historical Data
The historical data trend for SMC'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.
SMC's Total Assets for the fiscal year that ended in Mar. 2024 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.
SMC'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.
SMC Total Assets Related Terms
Thank you for viewing the detailed overview of SMC's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
SMC Corp (domiciled in Japan) manufactures automatic control and filtration equipment. Its filters, valves, cylinders, and actuators are sold to customers in various industrial markets, and contribute to automated operations. The company has two reportable business segments: automatic control equipment (majority of total revenues), and others. SMC operates several production facilities, sales offices, and technical development centers to construct various components and streamline the process. Asia accounts for majority of total sales, but the company does utilize offices in the United States, Europe, and other regions of the world. It works to meet the rules and needs of foreign countries to ensure its products can be accepted in differentiated markets.
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