Jaiz Bank (NSA:JAIZBANK) Total Assets : ₦670,985 Mil (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Jaiz Bank Total Assets?

Jaiz Bank's Total Assets for the quarter that ended in Mar. 2024 was ₦670,985 Mil.

Warning Sign:

If a company builds assets at 36.7% a year, faster than its revenue growth rate of 31.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Jaiz Bank's average Total Assets Growth Rate was 67.40% per year. During the past 3 years, the average Total Assets Growth Rate was 32.20% per year. During the past 5 years, the average Total Assets Growth Rate was 36.70% per year.

During the past 8 years, Jaiz Bank's highest 3-Year average Total Assets Growth Rate was 43.90%. The lowest was 32.20%. And the median was 38.20%.

Total Assets is connected with ROA %. Jaiz Bank's annualized ROA % for the quarter that ended in Mar. 2024 was 3.84%. Total Assets is also linked to Revenue through Asset Turnover. Jaiz Bank's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Jaiz Bank Total Assets Historical Data

The historical data trend for Jaiz 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.

* Premium members only.

Jaiz Bank Total Assets Chart

Jaiz Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

Get a 7-Day Free Trial

108,462.46

167,273.41

233,596.18

279,275.58

379,819.46

Jaiz Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial															379,819.46	452,815.74	472,747.03	546,035.69	670,984.55

Jaiz Bank 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.

Jaiz Bank's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	29804.799	+	350014.656
	=	379,819

Jaiz Bank's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	39314.923	+	631669.628
	=	670,985

Jaiz Bank (NSA:JAIZBANK) Total Assets Explanation

Total Assets is connected with ROA %.

Jaiz Bank's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	23376.532	/	( (546035.69	+	670984.551)	/ 2 )
	=	23376.532	/	608510.1205
	=	3.84 %

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.

Jaiz Bank's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	11569.438	/	( (546035.69	+	670984.551)	/ 2 )
=	11569.438	/	608510.1205
=	0.02

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.

Jaiz Bank Total Assets Related Terms

Thank you for viewing the detailed overview of Jaiz Bank's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Jaiz Bank (NSA:JAIZBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jaiz Bank PLC (NSA:JAIZBANK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 73 Ralph Shodeinde Street, Kano House, Central Business Area, Abuja, NGA

Website

https://www.jaizbankplc.com

Jaiz Bank PLC is a full-fledged Non-Interest (Islamic) Bank in Nigeria. The company's business divisions include Retail Banking, and Corporate Banking. Its products and services include JAIZ Kids Savings Account, JAIZ Premium Savings Account, Working Capital Finance, Project Financing, JAIZ SMS Banking, JaizPay, JaizMobile and JaizOnline.

Jaiz Bank (NSA:JAIZBANK) Headlines

No Headlines