DFCC Bank's Total Assets for the quarter that ended in Mar. 2024 was රු624,571 Mil.
During the past 12 months, DFCC Bank's average Total Assets Growth Rate was 7.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 10.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 15.30% per year.
During the past 13 years, DFCC Bank's highest 3-Year average Total Assets Growth Rate was 26.80%. The lowest was 8.80%. And the median was 15.20%.
Total Assets is connected with ROA %. DFCC Bank's annualizedROA % for the quarter that ended in Mar. 2024 was 2.39%. Total Assets is also linked to Revenue through Asset Turnover. DFCC Bank's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.
DFCC Bank Total Assets Historical Data
The historical data trend for DFCC Bank'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.
DFCC Bank'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.
DFCC Bank (COL:DFCC.N0000) 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.
DFCC Bank'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.
DFCC Bank Total Assets Related Terms
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DFCC Bank PLC is a development bank operating along with its subsidiary and venture company in Sri Lanka that operates in four segments; Corporate Banking includes Loans deposits and other transactions and balances with corporate customers, Retail Banking includes Loans, deposits, and other transactions and balances with retail customers, The Treasury segment includes Funding and centralized risk management activities through borrowings, issues of debt securities, use of derivatives for risk management purposes and investing in short-term placements and corporate and government debt securities, and Other segment includes Revenue and expenses attributable to the incorporated business segments of industrial estate management, unit trust management, stock brokering, and consultancy services.
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