IFIC Bank (DHA:IFIC) Total Assets : BDT497,462 Mil (As of Jun. 2023)

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What is IFIC Bank Total Assets?

IFIC Bank's Total Assets for the quarter that ended in Jun. 2023 was BDT497,462 Mil.

During the past 12 months, IFIC Bank's average Total Assets Growth Rate was 14.60% per year. During the past 3 years, the average Total Assets Growth Rate was 14.00% per year. During the past 5 years, the average Total Assets Growth Rate was 13.60% per year.

During the past 9 years, IFIC Bank's highest 3-Year average Total Assets Growth Rate was 18.70%. The lowest was 13.20%. And the median was 13.85%.

Total Assets is connected with ROA %. IFIC Bank's annualized ROA % for the quarter that ended in Jun. 2023 was 0.37%. Total Assets is also linked to Revenue through Asset Turnover. IFIC Bank's Asset Turnover for the quarter that ended in Jun. 2023 was 0.01.

IFIC Bank Total Assets Historical Data

The historical data trend for IFIC Bank'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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IFIC Bank Total Assets Chart

IFIC Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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320,754.19

361,078.05

410,402.92

470,548.02

529,936.53

IFIC Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															461,403.74	470,548.02	481,747.84	497,461.98	529,936.53

IFIC Bank 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.

IFIC Bank'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 )
	=	36125.285	+	493811.246
	=	529,937

IFIC Bank's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	34639.637	+	462822.343
	=	497,462

IFIC Bank (DHA:IFIC) Total Assets Explanation

Total Assets is connected with ROA %.

IFIC Bank's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	1816.5	/	( (481747.837	+	497461.98)	/ 2 )
	=	1816.5	/	489604.9085
	=	0.37 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

IFIC Bank's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	3544.671	/	( (481747.837	+	497461.98)	/ 2 )
=	3544.671	/	489604.9085
=	0.01

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.

IFIC Bank Total Assets Related Terms

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IFIC Bank (DHA:IFIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » IFIC Bank PLC (DHA:IFIC) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

IFIC Tower, 61 Purana Paltan, GPO Box : 2229, Dhaka, BGD, 1000

Website

https://www.ificbank.com.bd

IFIC Bank PLC is a commercial banking company in Bangladesh. The company provides corporate banking, retail banking internet banking, and SME banking. The company is also engaged in Treasury and capital market offering Cash Management, Liquidity Planning, Liquidity Protection, Trading of Foreign Exchange and Money Market Instruments, and Risk Management. Its segments are Corporate; SME; Short term Agri credit; Consumer and Others. It derives interest income from the Conventional banking unit and Off-Shore banking unit.

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