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Lument Finance Trust's Total Assets for the quarter that ended in Dec. 2023 was $1,446.93 Mil.
Warning Sign:
If a company builds assets at 17.8% a year, faster than its revenue growth rate of 12.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Lument Finance Trust's average Total Assets Growth Rate was 28.70% per year. During the past 3 years, the average Total Assets Growth Rate was 31.80% per year. During the past 5 years, the average Total Assets Growth Rate was 17.80% per year. During the past 10 years, the average Total Assets Growth Rate was 8.60% per year.
During the past 12 years, Lument Finance Trust's highest 3-Year average Total Assets Growth Rate was 435.00%. The lowest was -29.30%. And the median was 15.50%.
Total Assets is connected with ROA %. Lument Finance Trust's annualized ROA % for the quarter that ended in Dec. 2023 was 1.39%. Total Assets is also linked to Revenue through Asset Turnover. Lument Finance Trust's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.
The historical data trend for Lument Finance Trust'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.
Lument Finance Trust Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 657.90 | 621.49 | 1,048.92 | 1,127.97 | 1,446.93 |
Lument Finance Trust 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 | 1,127.97 | 1,126.42 | 1,126.02 | 1,443.33 | 1,446.93 |
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.
Lument Finance Trust'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 ) |
= | 240.792 | + | 1206.14 | |
= | 1,446.93 |
Lument Finance Trust'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 ) |
= | 240.792 | + | 1206.14 | |
= | 1,446.93 |
* 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.
Lument Finance Trust (NYSE:LFT) Total Assets Explanation
Total Assets is connected with ROA %.
Lument Finance Trust'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 ) |
= | 20.056 | / | ( (1443.332 | + | 1446.932) | / 2 ) | |
= | 20.056 | / | 1445.132 | ||||
= | 1.39 % |
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.
Lument Finance Trust'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 ) |
= | 8.052 | / | ( (1443.332 | + | 1446.932) | / 2 ) |
= | 8.052 | / | 1445.132 | |||
= | 0.01 |
* 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.
Thank you for viewing the detailed overview of Lument Finance Trust's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
William A Houlihan | director | 10900 WAYZATA BOULEVARD, MINNETONKA MN 55305 |
James J Henson | officer: PRESIDENT | LUMENT FINANCE TRUST, INC., 10 W BROAD ST., 8TH FLOOR, COLUMBUS OH 43215 |
Walter C Keenan | director | C/O FIVE OAKS INVESTMENT CORP., 540 MADISON AVE, 19TH FLOOR, NEW YORK NY 10022 |
James Christopher Hunt | director | 4401 NORTH MESA, EL PASO TX 79902 |
James A Briggs | officer: Chief Financial Officer | C/O HUNT COMPANIES FINANCE TRUST INC., 230 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10169 |
James Peter Flynn | officer: Chief Executive Officer | 230 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10169 |
Hunt Companies, Inc. | 10 percent owner | 4401 NORTH MESA, EL PASO TX 79902 |
Orix Corp | 10 percent owner | WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135 |
Orec Investment Holdings, Llc | 10 percent owner | 2001 ROSS AVENUE, SUITE 1900, DALLAS TX 75201 |
Hunt Capital Holdings Investments, Llc | 10 percent owner | 4401 NORTH MESA STREET, EL PASO TX 79902 |
Hunt Companies Equity Holdings, Llc | 10 percent owner | 230 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10169 |
Hunt Company, Llc | 10 percent owner | 9120 DOUBLE DIAMOND PARKWAY, RENO NV 89521 |
Hb Gp, Llc | 10 percent owner | 4401 NORTH MESA, EL PASO TX 79902 |
Hunt Elp, Ltd. | 10 percent owner | 4401 NORTH MESA, EL PASO TX 79902 |
Woody L Hunt | 10 percent owner | 4401 NORTH MESA, EL PASO TX 79902 |
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