Sumitomo Warehouse Co's Total Assets for the quarter that ended in Mar. 2024 was 円436,920 Mil.
Warning Sign:
If a company builds assets at 5.6% a year, faster than its revenue growth rate of 3.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Sumitomo Warehouse Co's average Total Assets Growth Rate was 14.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.50% per year.
During the past 13 years, Sumitomo Warehouse Co's highest 3-Year average Total Assets Growth Rate was 9.00%. The lowest was -7.00%. And the median was 3.10%.
Sumitomo Warehouse Co Total Assets Historical Data
The historical data trend for Sumitomo Warehouse 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.
Sumitomo Warehouse Co'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.
Sumitomo Warehouse Co (TSE:9303) 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.
Sumitomo Warehouse 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.
Sumitomo Warehouse Co Total Assets Related Terms
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Sumitomo Warehouse Co (TSE:9303) Business Description
Sumitomo Warehouse Co Ltd is a logistics company domiciled in Japan. The company organises itself into three segments: logistics, shipping, and real estate. The logistics segment, which generates the majority of revenue, provides warehousing, transports cargo by air and land, and provides harbour transportation. Shipping, which generates the next largest portion of revenue, includes vessel operations to transport goods by sea. The real estate segment leases and sells real estate. The company derives the majority of income domestically.
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