Close Brothers Group's Total Assets for the quarter that ended in Jan. 2024 was $17,837 Mil.
Warning Sign:
If a company builds assets at 5.5% a year, faster than its revenue growth rate of 4.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Close Brothers Group's average Total Assets Growth Rate was 12.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 7.00% per year.
During the past 13 years, Close Brothers Group's highest 3-Year average Total Assets Growth Rate was 49.70%. The lowest was -2.10%. And the median was 11.50%.
The historical data trend for Close Brothers 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.
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.
Close Brothers Group's Total Assets for the fiscal year that ended in Jul. 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.
Close Brothers Group (OTCPK:CBGPY) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Jan. 2024) 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.
Close Brothers Group's Asset Turnover for the quarter that ended in Jan. 2024 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.
Close Brothers Group Total Assets Related Terms
Thank you for viewing the detailed overview of Close Brothers Group's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Close Brothers Group (Close Brothers Group) Business Description
Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. Its strategy focuses on niche markets to drive high levels of repeat business with clients. The company distributes its service offerings with a direct salesforce and an intermediated distribution network. Its banking division provides asset, invoice, motor, premium, and property finance. Close Brothers' security business is primarily a liquidity provider to U.K. retail stockbrokers and institutions. The group's asset management division offers financial planning and investment management services.
Close Brothers Group (Close Brothers Group) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CBGPY has been successfully added to your 