Flour Mills Nigeria's Total Assets for the quarter that ended in Mar. 2023 was ₦1,097,396 Mil.
Warning Sign:
If a company builds assets at 20% a year, faster than its revenue growth rate of 17.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Flour Mills Nigeria's average Total Assets Growth Rate was 57.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 35.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 20.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.40% per year.
During the past 13 years, Flour Mills Nigeria's highest 3-Year average Total Assets Growth Rate was 35.00%. The lowest was -2.40%. And the median was 12.45%.
The historical data trend for Flour Mills Nigeria'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.
Flour Mills Nigeria'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.
Flour Mills Nigeria (NSA:FMNL) Total Assets Explanation
Note:
The Net Income data used here is one times the annual (Mar. 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.
Flour Mills Nigeria's Asset Turnover for the quarter that ended in Mar. 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.
Flour Mills Nigeria Total Assets Related Terms
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Flour Mills Nigeria (NSA:FMNL) Business Description
Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.
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