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Franklin Resources's Total Assets for the quarter that ended in Dec. 2023 was $29,866 Mil.
Warning Sign:
If a company builds assets at 30.3% a year, faster than its revenue growth rate of 9.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Franklin Resources's average Total Assets Growth Rate was 4.60% per year. During the past 3 years, the average Total Assets Growth Rate was 13.30% per year. During the past 5 years, the average Total Assets Growth Rate was 30.30% per year. During the past 10 years, the average Total Assets Growth Rate was 13.00% per year.
During the past 13 years, Franklin Resources's highest 3-Year average Total Assets Growth Rate was 121.50%. The lowest was -18.00%. And the median was 13.30%.
Total Assets is connected with ROA %. Franklin Resources's annualized ROA % for the quarter that ended in Dec. 2023 was 3.35%. Total Assets is also linked to Revenue through Asset Turnover. Franklin Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.
The historical data trend for Franklin Resources'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.
Franklin Resources Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 14,532.20 | 21,684.50 | 24,168.40 | 28,060.60 | 30,121.20 |
Franklin Resources Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Assets | Get a 7-Day Free Trial | 29,335.10 | 29,085.70 | 30,234.60 | 30,121.20 | 29,865.80 |
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.
Franklin Resources's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as
Total Assets | = | Total Equity (A: Sep. 2023 ) | + | Total Liabilities (A: Sep. 2023 ) |
= | 13573.9 | + | 16547.3 | |
= | 30,121 |
Franklin Resources's Total Assets for the quarter that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (Q: Dec. 2023 ) | + | Total Liabilities (Q: Dec. 2023 ) |
= | 13716.1 | + | 16149.7 | |
= | 29,866 |
* 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.
Franklin Resources (NYSE:BEN) Total Assets Explanation
Total Assets is connected with ROA %.
Franklin Resources's annualized ROA % for the quarter that ended in Dec. 2023 is
ROA % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 1005.2 | / | ( (30121.2 | + | 29865.8) | / 2 ) | |
= | 1005.2 | / | 29993.5 | ||||
= | 3.35 % |
Note: The Net Income data used here is four times the quarterly (Dec. 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.
Franklin Resources's Asset Turnover for the quarter that ended in Dec. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 1991.1 | / | ( (30121.2 | + | 29865.8) | / 2 ) |
= | 1991.1 | / | 29993.5 | |||
= | 0.07 |
* 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.
Thank you for viewing the detailed overview of Franklin Resources's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Alok Sethi | officer: Reg. S-K Executive Officer | ONE FRANKLING PARKWAY, SAN MATEO CA 94403 |
Mariann H Byerwalter | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY 920/2, SAN MATEO CA 94403 |
Terrence Murphy | officer: Section 16 Officer | CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902 |
Jennifer M Johnson | officer: Senior Vice President | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Jed A. Plafker | officer: Reg. S-K Executive Officer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Thomas C Merchant | officer: EVP, General Counsel | LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202 |
Gwen L Shaneyfelt | officer: Chief Accounting Officer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Karen Matsushima King | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
John Y Kim | director | 51 MADISON AVENUE, NEW YORK NY 10010 |
John W Thiel | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Alexander S Friedman | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Adam Benjamin Spector | officer: EVP, Global Advisory Services | 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018 |
Craig Steven Tyle | officer: Exec VP and General Counsel | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Anthony Noto | director | C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105 |
Johnson Rupert H Jr | director, 10 percent owner, officer: Vice Chairman | C/O FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
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