Cincinnati Financial's Total Assets for the quarter that ended in Dec. 2023 was $32,769 Mil.
Warning Sign:
If a company builds assets at 10.9% a year, faster than its revenue growth rate of 9.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Cincinnati Financial's average Total Assets Growth Rate was 10.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 8.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.10% per year.
During the past 13 years, Cincinnati Financial's highest 3-Year average Total Assets Growth Rate was 26.20%. The lowest was -20.50%. And the median was 8.10%.
Total Assets is connected with ROA %. Cincinnati Financial's annualizedROA % for the quarter that ended in Dec. 2023 was 14.86%. Total Assets is also linked to Revenue through Asset Turnover. Cincinnati Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.11.
Cincinnati Financial Total Assets Historical Data
The historical data trend for Cincinnati Financial'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.
Cincinnati Financial'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.
Cincinnati Financial (NAS:CINF) Total Assets Explanation
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.
Cincinnati Financial'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.
Cincinnati Financial Total Assets Related Terms
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Cincinnati Financial (Cincinnati Financial) Business Description
Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.
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