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Omni Financial Services (Omni Financial Services) Total Assets : $887.03 Mil (As of Sep. 2007)


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What is Omni Financial Services Total Assets?

Omni Financial Services's Total Assets for the quarter that ended in Sep. 2007 was $887.03 Mil.

Total Assets is connected with ROA %. Omni Financial Services's annualized ROA % for the quarter that ended in Sep. 2007 was 0.77%. Total Assets is also linked to Revenue through Asset Turnover. Omni Financial Services's Asset Turnover for the quarter that ended in Sep. 2007 was 0.01.


Omni Financial Services Total Assets Historical Data

The historical data trend for Omni Financial Services'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.

Omni Financial Services Total Assets Chart

Omni Financial Services Annual Data
Trend Dec01 Dec02 Dec04 Dec05 Dec06
Total Assets
104.98 144.51 317.74 477.01 702.76

Omni Financial Services Quarterly Data
Dec01 Dec02 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 643.32 702.76 771.36 857.24 887.03

Omni Financial Services 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.

Omni Financial Services's Total Assets for the fiscal year that ended in Dec. 2006 is calculated as

Total Assets=Total Equity (A: Dec. 2006 )+Total Liabilities (A: Dec. 2006 )
=72.347+630.417
=702.76

Omni Financial Services's Total Assets for the quarter that ended in Sep. 2007 is calculated as

Total Assets=Total Equity (Q: Sep. 2007 )+Total Liabilities (Q: Sep. 2007 )
=73.629+813.399
=887.03

* 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.


Omni Financial Services  (OTCPK:OFSI) Total Assets Explanation

Total Assets is connected with ROA %.

Omni Financial Services's annualized ROA % for the quarter that ended in Sep. 2007 is

ROA %=Net Income (Q: Sep. 2007 )/( (Total Assets (Q: Jun. 2007 )+Total Assets (Q: Sep. 2007 ))/ count )
=6.696/( (857.236+887.028)/ 2 )
=6.696/872.132
=0.77 %

Note: The Net Income data used here is four times the quarterly (Sep. 2007) 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.

Omni Financial Services's Asset Turnover for the quarter that ended in Sep. 2007 is

Asset Turnover
=Revenue (Q: Sep. 2007 )/( (Total Assets (Q: Jun. 2007 )+Total Assets (Q: Sep. 2007 ))/ count )
=10.358/( (857.236+887.028)/ 2 )
=10.358/872.132
=0.01

* 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.

Omni Financial Services Total Assets Related Terms

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Omni Financial Services (Omni Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
12610 New Brittany Boulevard, Suite 2300, Ft. Myers, FL, USA, 33907
Omni Financial Services Inc is a financial services firm, helping its clients improve their long-term financial success. It offers financial products and the advice and expertise of financial professionals in the industry. It provides financial solutions to individuals and businesses.

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