Prudential Financial's Total Assets for the quarter that ended in Dec. 2023 was $721,123 Mil.
During the past 12 months, Prudential Financial's average Total Assets Growth Rate was 5.80% per year.
During the past 3 years, the average Total Assets Growth Rate was -9.10% per year.
During the past 5 years, the average Total Assets Growth Rate was -4.30% per year.
During the past 10 years, the average Total Assets Growth Rate was -0.10% per year.
During the past 13 years, Prudential Financial's highest 3-Year average Total Assets Growth Rate was 12.20%. The lowest was -9.40%. And the median was 2.55%.
Total Assets is connected with ROA %. Prudential Financial's annualizedROA % for the quarter that ended in Dec. 2023 was 0.75%. Total Assets is also linked to Revenue through Asset Turnover. Prudential Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.
Prudential Financial Total Assets Historical Data
The historical data trend for Prudential 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.
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Prudential Financial Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Total Assets
896,552.00
940,722.00
937,582.00
689,029.00
721,123.00
Prudential 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
689,029.00
709,269.00
697,304.00
681,254.00
721,123.00
Prudential 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.
Prudential 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.
Prudential Financial (NYSE:PRU) 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.
Prudential 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.
Prudential Financial Total Assets Related Terms
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Prudential Financial (Prudential Financial) Business Description
Prudential Financial is a large, diversified insurance company offering annuities, life insurance, retirement plan services, and asset management products. While it operates in a number of countries, the vast majority of revenue is generated in the United States and Japan. The company's investment management business, PGIM, contributes approximately 15% of its earnings and has over $1.5 trillion in assets under management. The U.S. businesses are responsible for about 45% of earnings and can be classified into Institutional Retirement Strategies, Individual Retirement Strategies, Group Insurance, Individual Life Insurance, and Assurance IQ. Finally, the international business segment of the company contributes approximately 40% of earnings with a strong market position in Japan.
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