During the past 12 months, First Trust Specialty Fnc & Fncl Oppor's average Total Assets Growth Rate was 0.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 3.90% per year.
During the past 5 years, the average Total Assets Growth Rate was -11.30% per year.
During the past 7 years, First Trust Specialty Fnc & Fncl Oppor's highest 3-Year average Total Assets Growth Rate was 3.90%. The lowest was -21.90%. And the median was -15.25%.
* 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.
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First Trust Specialty Fnc & Fncl Oppor Total Assets Chart
First Trust Specialty Fnc & Fncl Oppor Annual Data
First Trust Specialty Fnc & Fncl Oppor 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.
* 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.
First Trust Specialty Fnc & Fncl Oppor (NYSE:FGB) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Nov. 2023) 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.
First Trust Specialty Fnc & Fncl Oppor's Asset Turnover for the quarter that ended in Nov. 2023 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.
First Trust Specialty Fnc & Fncl Oppor Total Assets Related Terms
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First Trust Specialty Fnc & Fncl Oppor (First Trust Specialty Fnc & Fncl Oppor) Business Description
First Trust Specialty Fnc & Fncl Oppor is a United States-based closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. It seeks a positive total return as a secondary objective. The Fund seeks to achieve its investment objectives by investing at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies.
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