Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Total Assets : $1,984,825 Mil (As of Dec. 2023)

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What is Sumitomo Mitsui Financial Group Total Assets?

Sumitomo Mitsui Financial Group's Total Assets for the quarter that ended in Dec. 2023 was $1,984,825 Mil.

During the past 12 months, Sumitomo Mitsui Financial Group's average Total Assets Growth Rate was 6.20% per year. During the past 3 years, the average Total Assets Growth Rate was 7.20% per year. During the past 5 years, the average Total Assets Growth Rate was 6.50% per year. During the past 10 years, the average Total Assets Growth Rate was 4.80% per year.

During the past 13 years, Sumitomo Mitsui Financial Group's highest 3-Year average Total Assets Growth Rate was 30.00%. The lowest was -3.60%. And the median was 3.50%.

Total Assets is connected with ROA %. Sumitomo Mitsui Financial Group's annualized ROA % for the quarter that ended in Dec. 2023 was 0.37%. Total Assets is also linked to Revenue through Asset Turnover. Sumitomo Mitsui Financial Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Sumitomo Mitsui Financial Group Total Assets Historical Data

The historical data trend for Sumitomo Mitsui 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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Sumitomo Mitsui Financial Group Total Assets Chart

Sumitomo Mitsui Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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1,832,384.98

2,042,064.01

2,231,704.84

2,173,303.05

2,023,192.16

Sumitomo Mitsui 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	Get a 7-Day Free Trial															1,961,505.85	2,023,192.16	2,013,572.33	1,986,709.49	1,984,824.84

Sumitomo Mitsui 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.

Sumitomo Mitsui Financial Group's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	95695.739	+	1927496.422
	=	2,023,192

Sumitomo Mitsui Financial Group'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 )
	=	96576.067	+	1888248.768
	=	1,984,825

Sumitomo Mitsui Financial Group (NYSE:SMFG) Total Assets Explanation

Total Assets is connected with ROA %.

Sumitomo Mitsui Financial Group'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 )
	=	7400.172	/	( (1986709.493	+	1984824.835)	/ 2 )
	=	7400.172	/	1985767.164
	=	0.37 %

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.

Sumitomo Mitsui Financial Group'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 )
=	7419.377	/	( (1986709.493	+	1984824.835)	/ 2 )
=	7419.377	/	1985767.164
=	0.00

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.

Sumitomo Mitsui Financial Group Total Assets Related Terms

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Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SMFNF:USA SMFG:Mexico 8316:Japan 8316:Japan XMF:Germany XMFA:Germany XMF:Germany S1MF34:Brazil

Address

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.smfg.co.jp

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.