If a company builds assets at 52.4% a year, faster than its revenue growth rate of 35.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Zhejiang Huayou Cobalt Co's average Total Assets Growth Rate was 8.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 64.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 52.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 34.70% per year.
During the past 13 years, Zhejiang Huayou Cobalt Co's highest 3-Year average Total Assets Growth Rate was 67.30%. The lowest was 16.90%. And the median was 32.10%.
* 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.
Zhejiang Huayou Cobalt 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.
Zhejiang Huayou Cobalt Co'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.
Zhejiang Huayou Cobalt Co (XSWX:HUAYO) 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.
Zhejiang Huayou Cobalt 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.
Zhejiang Huayou Cobalt Co Total Assets Related Terms
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Zhejiang Huayou Cobalt Co (XSWX:HUAYO) Business Description
Zhejiang Huayou Cobalt Co Ltd provides metal production and processing services. The company produces cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt oxalate, cobalt sulfate, cobalt monoxide, copper, nickel, and related products. The company serves customers and clients internationally.
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