Luzhou Laojiao Co's Total Assets for the quarter that ended in Mar. 2024 was ¥68,626 Mil.
Warning Sign:
If a company builds assets at 21.4% a year, faster than its revenue growth rate of 18% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Luzhou Laojiao Co's average Total Assets Growth Rate was 8.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 15.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 18.10% per year.
During the past 13 years, Luzhou Laojiao Co's highest 3-Year average Total Assets Growth Rate was 33.20%. The lowest was -3.20%. And the median was 19.00%.
The historical data trend for Luzhou Laojiao 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.
Luzhou Laojiao 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.
Luzhou Laojiao Co (SZSE:000568) 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.
Luzhou Laojiao 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.
Luzhou Laojiao Co Total Assets Related Terms
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Luzhou Laojiao Co (SZSE:000568) Business Description
Luzhou Laojiao, or Laojiao, is one of China's leading premium baijiu producers. Its primary product, National Cellar 1573, is widely known as one of the best rich-flavored baijiu in the market, which together with Feitian Moutai and flagship Wuliangye are the top three premium products that dominate more than 90% of the high-end baijiu market. The high-quality products, extensive history, and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins. The State-Owned Assets Supervision and Administration Commission of Luzhou City controls 46% of Luzhou Laojiao.
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