Mizrahi Tefahot Bank's Total Assets for the quarter that ended in Mar. 2024 was ₪450,683 Mil.
During the past 12 months, Mizrahi Tefahot Bank's average Total Assets Growth Rate was 9.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 9.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 12.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 8.90% per year.
During the past 13 years, Mizrahi Tefahot Bank's highest 3-Year average Total Assets Growth Rate was 14.70%. The lowest was 4.90%. And the median was 9.35%.
The historical data trend for Mizrahi Tefahot 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.
Mizrahi Tefahot 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.
Mizrahi Tefahot Bank (XTAE:MZTF) 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.
Mizrahi Tefahot 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.
Mizrahi Tefahot Bank Total Assets Related Terms
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Mizrahi Tefahot Bank (XTAE:MZTF) Business Description
Mizrahi Tefahot Bank Ltd offers commercial and personal banking services. The company reports seven core segments: household, consisting of individuals with assets less than ILS 3 million in assets; private banking, consisting of individuals with financial assets greater than ILS 3 million; micro and small business; medium business; large business; institutional investor, servicing asset managers, fund managers, and insurance companies; and financial management, including trade operations, asset, and liability management, and miscellaneous investments. Approximately half of the company's total revenue comes from the household segment. The company operates through a branch network spanning Israel, Europe, and the Americas.
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