Principal Financial Group's Total Assets for the quarter that ended in Dec. 2023 was $305,047 Mil.
Warning Sign:
If a company builds assets at 7.4% a year, faster than its revenue growth rate of 3.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Principal Financial Group's average Total Assets Growth Rate was 24.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 8.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 7.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 5.10% per year.
During the past 13 years, Principal Financial Group's highest 3-Year average Total Assets Growth Rate was 20.60%. The lowest was -8.30%. And the median was 4.70%.
Total Assets is connected with ROA %. Principal Financial Group's annualizedROA % for the quarter that ended in Dec. 2023 was -1.18%. Total Assets is also linked to Revenue through Asset Turnover. Principal Financial Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.
Principal Financial Group Total Assets Historical Data
The historical data trend for Principal Financial 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.
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Principal Financial Group Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Total Assets
276,087.80
296,627.70
304,657.20
290,867.00
305,046.70
Principal Financial Group Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Total Assets
290,867.00
299,408.20
299,186.90
287,948.00
305,046.70
Principal Financial Group 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.
Principal Financial 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.
Principal Financial Group (NAS:PFG) 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.
Principal Financial 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.
Principal Financial Group Total Assets Related Terms
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Principal Financial Group (Principal Financial Group) Business Description
Principal Financial Group Inc is a leader in Global investment management offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through our diverse family of financial services companies. It operates in four business segments that are Retirement and Income Solutions, Principal Global Investors, Principal International, and United States Insurance Solutions. The company receives maximum revenue in the form of premiums.
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