If a company builds assets at 19.3% a year, faster than its revenue growth rate of 4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, GSP Automotive Group Wenzhou Co's average Total Assets Growth Rate was 32.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 22.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 19.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 14.30% per year.
During the past 11 years, GSP Automotive Group Wenzhou Co's highest 3-Year average Total Assets Growth Rate was 22.00%. The lowest was 9.90%. And the median was 11.90%.
* 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.
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GSP Automotive Group Wenzhou Co Total Assets Chart
GSP Automotive Group Wenzhou 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.
* 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.
GSP Automotive Group Wenzhou Co (SHSE:605088) 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.
GSP Automotive Group Wenzhou 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.
GSP Automotive Group Wenzhou Co Total Assets Related Terms
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GSP Automotive Group Wenzhou Co (SHSE:605088) Business Description
GSP Automotive Group Wenzhou Co Ltd is engaged in the research, development, production and sales of automotive transmission system components. The company produces drive shafts, constant velocity joint kits, hub assemblies wheel bearings and rubber-to-metal components. Its product categories include Drive Shaft; CV Joint; Boot Kits; Hub Assembly; Wheel Bearing; Rubber Mounting; and Steering and Suspension.
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