Custodian Investment's Total Assets for the quarter that ended in Sep. 2023 was ₦254,692 Mil.
Warning Sign:
If a company builds assets at 24.2% a year, faster than its revenue growth rate of 17.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Custodian Investment's average Total Assets Growth Rate was 15.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 24.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 31.10% per year.
During the past 11 years, Custodian Investment's highest 3-Year average Total Assets Growth Rate was 45.30%. The lowest was 20.40%. And the median was 29.45%.
The historical data trend for Custodian Investment'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.
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.
Custodian Investment's Total Assets for the fiscal year that ended in Dec. 2022 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.
Custodian Investment (NSA:CUSTODIAN) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 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.
Custodian Investment's Asset Turnover for the quarter that ended in Sep. 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.
Custodian Investment Total Assets Related Terms
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Custodian Investment (NSA:CUSTODIAN) Business Description
Custodian Investment PLC is an investment holding company in Nigeria. It operates in five segments. In the Non-life business segment, it offers insurance products like engineering, aviation, marine liability, motor liability, oil and energy, fire, and property for personal and corporate customers. In the Life business segment, it offers life insurance products including annuity, endowment, and investment-oriented products. The pension administration segment includes the administration and management of the retirement benefits of members. Trustees and others segment includes trustee management and corporate services. A vast majority of revenues is received from the non-life business segment within Nigeria.
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