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IGM Financial (IGM Financial) Total Assets : $13,911 Mil (As of Dec. 2023)


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What is IGM Financial Total Assets?

IGM Financial's Total Assets for the quarter that ended in Dec. 2023 was $13,911 Mil.

During the past 12 months, IGM Financial's average Total Assets Growth Rate was 2.00% per year. During the past 3 years, the average Total Assets Growth Rate was 5.80% per year. During the past 5 years, the average Total Assets Growth Rate was 4.20% per year. During the past 10 years, the average Total Assets Growth Rate was 2.90% per year.

During the past 13 years, IGM Financial's highest 3-Year average Total Assets Growth Rate was 62.40%. The lowest was -9.10%. And the median was 5.70%.

Total Assets is connected with ROA %. IGM Financial's annualized ROA % for the quarter that ended in Dec. 2023 was 8.87%. Total Assets is also linked to Revenue through Asset Turnover. IGM Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.


IGM Financial Total Assets Historical Data

The historical data trend for IGM 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.

* Premium members only.

IGM Financial Total Assets Chart

IGM Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11,687.66 12,539.90 13,797.33 13,792.80 13,911.21

IGM Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 13,792.80 13,883.91 14,625.24 14,300.99 13,911.21

IGM Financial 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.

IGM Financial'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 )
=5009.249+8901.963
=13,911

IGM Financial's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=5009.249+8901.963
=13,911

* 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.


IGM Financial  (OTCPK:IGIFF) Total Assets Explanation

Total Assets is connected with ROA %.

IGM Financial's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=1251.036/( (14300.989+13911.212)/ 2 )
=1251.036/14106.1005
=8.87 %

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.

IGM Financial's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=592.488/( (14300.989+13911.212)/ 2 )
=592.488/14106.1005
=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.

IGM Financial Total Assets Related Terms

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IGM Financial (IGM Financial) Business Description

Traded in Other Exchanges
Address
447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5
IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

IGM Financial (IGM Financial) Headlines