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Pagaya Technologies (Pagaya Technologies) Total Assets : $1,483.2 Mil (As of Mar. 2024)


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What is Pagaya Technologies Total Assets?

Pagaya Technologies's Total Assets for the quarter that ended in Mar. 2024 was $1,483.2 Mil.

During the past 12 months, Pagaya Technologies's average Total Assets Growth Rate was 52.90% per year. During the past 3 years, the average Total Assets Growth Rate was 93.10% per year.

During the past 4 years, Pagaya Technologies's highest 3-Year average Total Assets Growth Rate was 93.10%. The lowest was 93.10%. And the median was 93.10%.

Total Assets is connected with ROA %. Pagaya Technologies's annualized ROA % for the quarter that ended in Mar. 2024 was -6.31%. Total Assets is also linked to Revenue through Asset Turnover. Pagaya Technologies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.18.

Pagaya Technologies Total Assets Historical Data

The historical data trend for Pagaya Technologies'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.

Pagaya Technologies Total Assets Chart

Pagaya Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
204.27 590.26 1,045.08 1,208.38

Pagaya Technologies Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,082.36 1,187.08 1,220.21 1,208.38 1,483.19

Pagaya Technologies 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.

Pagaya Technologies's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=665.749+542.627
=1,208.4

Pagaya Technologies'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 )
=725.911+757.276
=1,483.2

* 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.

Pagaya Technologies  (NAS:PGY) Total Assets Explanation

Total Assets is connected with ROA %.

Pagaya Technologies's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-84.892/( (1208.376+1483.187)/ 2 )
=-84.892/1345.7815
=-6.31 %

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.

Pagaya Technologies's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=237.004/( (1208.376+1483.187)/ 2 )
=237.004/1345.7815
=0.18

* 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.

Pagaya Technologies Total Assets Related Terms

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Pagaya Technologies (Pagaya Technologies) Business Description

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Traded in Other Exchanges
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Address
Derech Menachem Begin 121, Azrieli Sarona Building, 54th Floor, Tel-Aviv, ISR, 6701203
Website
https://www.pagaya.com
Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit.