If a company builds assets at 22.3% a year, faster than its revenue growth rate of 8.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Chung-Hsin Electric & Machinery Mfg's average Total Assets Growth Rate was 6.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 13.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 22.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 13.80% per year.
During the past 13 years, Chung-Hsin Electric & Machinery Mfg's highest 3-Year average Total Assets Growth Rate was 27.00%. The lowest was -2.90%. And the median was 3.10%.
* 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.
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Chung-Hsin Electric & Machinery Mfg Total Assets Chart
Chung-Hsin Electric & Machinery Mfg 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.
Chung-Hsin Electric & Machinery Mfg (TPE:1513) 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.
Chung-Hsin Electric & Machinery Mfg'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.
Chung-Hsin Electric & Machinery Mfg Total Assets Related Terms
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Chung-Hsin Electric & Machinery Mfg (TPE:1513) Business Description
Chung-Hsin Electric & Machinery Mfg Corp is a manufacturer of power generation machinery and equipment and its related parts, air-conditioners, dehumidifiers, and meters. The company's products include chillers, generator sets, high voltage circuit breakers, smart grid electric power automation equipment, customized fuel cell systems, methanol reformers, handheld document terminals, industrial computers and parking facilities, among others. Its operating segments include Electricity Power; Service and Engineering and other. The company generates maximum revenue from the Electricity Power segment.
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