BGC Group's Total Assets for the quarter that ended in Dec. 2023 was $3,176 Mil.
During the past 12 months, BGC Group's average Total Assets Growth Rate was -2.70% per year.
During the past 3 years, the average Total Assets Growth Rate was -8.60% per year.
During the past 5 years, the average Total Assets Growth Rate was -5.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.50% per year.
During the past 13 years, BGC Group's highest 3-Year average Total Assets Growth Rate was 119.80%. The lowest was -11.30%. And the median was 15.85%.
Total Assets is connected with ROA %. BGC Group's annualizedROA % for the quarter that ended in Dec. 2023 was 2.27%. Total Assets is also linked to Revenue through Asset Turnover. BGC Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.14.
BGC Group Total Assets Historical Data
The historical data trend for BGC Group'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.
BGC Group'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.
Note:
The Net Income data used here is four times the quarterly (Dec. 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.
BGC Group's Asset Turnover for the quarter that ended in Dec. 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.
BGC Group Total Assets Related Terms
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BGC Group Inc is a brokerage and financial technology company that serves the global financial markets. Its service and product offerings include brokerage for a wide range of financial products including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, brokerage houses, hedge funds, and investment banks. BGC operates in one reportable segment, which is providing brokerage services to the financial markets. The company earns the majority of its revenue in the United Kingdom followed by the United States.
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