GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Findev Inc (TSXV:FDI) » Definitions » Total Assets

Findev (TSXV:FDI) Total Assets : C$25.44 Mil (As of Mar. 2024)


View and export this data going back to 2005. Start your Free Trial

What is Findev Total Assets?

Findev's Total Assets for the quarter that ended in Mar. 2024 was C$25.44 Mil.

During the past 12 months, Findev's average Total Assets Growth Rate was 4.90% per year. During the past 3 years, the average Total Assets Growth Rate was 10.40% per year. During the past 5 years, the average Total Assets Growth Rate was 9.60% per year. During the past 10 years, the average Total Assets Growth Rate was 24.10% per year.

During the past 13 years, Findev's highest 3-Year average Total Assets Growth Rate was 120.90%. The lowest was -38.80%. And the median was 34.50%.

Total Assets is connected with ROA %. Findev's annualized ROA % for the quarter that ended in Mar. 2024 was 8.39%. Total Assets is also linked to Revenue through Asset Turnover. Findev's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

Findev Total Assets Historical Data

The historical data trend for Findev'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.

Findev Total Assets Chart

Findev Annual Data
Trend May14 May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.72 18.73 23.29 23.95 25.11

Findev Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.33 24.63 24.83 25.11 25.44

Findev 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.

Findev'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 )
=24.789+0.316
=25.11

Findev'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 )
=25.104+0.337
=25.44

* 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.

Findev  (TSXV:FDI) Total Assets Explanation

Total Assets is connected with ROA %.

Findev'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 )
=2.12/( (25.105+25.441)/ 2 )
=2.12/25.273
=8.39 %

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.

Findev'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 )
=0.899/( (25.105+25.441)/ 2 )
=0.899/25.273
=0.04

* 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.

Findev Total Assets Related Terms

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

Findev (TSXV:FDI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Findev Inc (TSXV:FDI) » Definitions » Total Assets
Comparable Companies
XCNQ:STX TSXV:BCF COOP PFSI NSE:LICHSGFIN WD NSE:PNBHOUSING LSE:OSB LSE:PAG RKT BOM:543335 FNMA NSE:AADHARHFC TSX:FN BOM:541988 BOM:511196 BOM:535789 ECPG FMCC GHLD
Traded in Other Exchanges
TNSGF:USA
Address
10 Wanless Avenue, Suite 200, Toronto, ON, CAN, M4N 1V6
Website
https://www.findev.ca
Findev Inc is a real estate financing company that lends money to real estate projects that are identified as uniquely positioned to generate above-average returns in a two to three-year timeframe. It focuses on lending to residential and retail development projects within the Greater Toronto Area. It focuses on real estate projects that include condominiums, purpose-built rentals, townhouses, low-rise/subdivisions, and retail developments.
Executives
Anthony Heller Director

Findev (TSXV:FDI) Headlines

No Headlines