Wens Foodstuff Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥94,677 Mil.
Warning Sign:
If a company builds assets at 11.5% a year, faster than its revenue growth rate of 6.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Wens Foodstuff Group Co's average Total Assets Growth Rate was -4.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 1.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 11.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 16.10% per year.
During the past 13 years, Wens Foodstuff Group Co's highest 3-Year average Total Assets Growth Rate was 39.60%. The lowest was 1.40%. And the median was 21.05%.
* 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.
Wens Foodstuff Group 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.
Wens Foodstuff Group Co (SZSE:300498) 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.
Wens Foodstuff Group 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.
Wens Foodstuff Group Co Total Assets Related Terms
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Wens Foodstuff Group Co (SZSE:300498) Business Description
Wens Foodstuff Group Co Ltd operates as a livestock and poultry farming company in China. The company offers fresh meat products and processed products, including chicken, pig, duck, milk, egg, cooked chicken, deep-sea fish, sheep, pigeons, and other products. It also provides raw milk; and finished milk, such as pasteurized milk, fermented milk, sterilized milk, milk-containing beverages, and other various categories of products.
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