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Primus Guaranty Ltd (OTCPK:PRSG)
Total Assets
$585.8 Mil (As of Dec. 2011)

Primus Guaranty Ltd's total assets for the quarter that ended in Dec. 2011 was $585.8 Mil.

Total Assets is connected with Return on Assets (ROA). Primus Guaranty Ltd's annualized Return on Assets (ROA) for the quarter that ended in Dec. 2011 was 69.08%. Total Assets is also linked to revenue through asset turnover. Primus Guaranty Ltd's asset turnover for the quarter that ended in Dec. 2011 was 0.18.


Definition

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.

Primus Guaranty Ltd's Total Assets for the fiscal year that ended in Dec. 2011 is calculated as

Total Assets=Total Shareholder’s Equity (A: Dec. 2011 )+Total Liabilities (A: Dec. 2011 )
=-145.638+731.462
=585.8

Primus Guaranty Ltd's Total Assets for the quarter that ended in Dec. 2011 is calculated as

Total Assets=Total Shareholder’s Equity (Q: Dec. 2011 )+Total Liabilities (Q: Dec. 2011 )
=-145.638+731.462
=585.8

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Total Assets is connected with Return on Assets.

Primus Guaranty Ltd's annualized Return on Assets (ROA) for the quarter that ended in Dec. 2011 is

Return on Assets (ROA)=Net Income (Q: Dec. 2011 )/Total Assets (Q: Dec. 2011 )
=404.64/585.824
=69.08 %

Note: The Net Income data used here is four times the quarterly (Dec. 2011) net income 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.

Primus Guaranty Ltd's Asset Turnover for the quarter that ended in Dec. 2011 is

Asset Turnover=Total Sales/Total Assets
=Revenue (Q: Dec. 2011 )/Total Assets (Q: Dec. 2011 )
=103.167/585.824
=0.18

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.


Related Terms

Return on Assets, Assets Turnover, Net Income, Revenue, Total Current Assets, Net PPE, Intangibles, Other Long-Term Assets, Total Shareholder’s Equity, Total Liability


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Primus Guaranty Ltd Annual Data

Dec02Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11
Total Assets 244.9321.4542.7673.1902.5888.6794.2732.7634.9585.8

Primus Guaranty Ltd Quarterly Data

Sep09Dec09Mar10Jun10Sep10Dec10Mar11Jun11Sep11Dec11
Total Assets 774.0732.73,313.43,262.63,293.9634.9618.2611.4594.6585.8
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