Mizuho Financial Group (Mizuho Financial Group) Total Assets : $1,883,219 Mil (As of Dec. 2023)

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What is Mizuho Financial Group Total Assets?

Mizuho Financial Group's Total Assets for the quarter that ended in Dec. 2023 was $1,883,219 Mil.

Warning Sign:

If a company builds assets at 4.1% a year, faster than its revenue growth rate of 3.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Mizuho Financial Group's average Total Assets Growth Rate was 4.90% per year. During the past 3 years, the average Total Assets Growth Rate was 2.50% per year. During the past 5 years, the average Total Assets Growth Rate was 4.10% per year. During the past 10 years, the average Total Assets Growth Rate was 2.90% per year.

During the past 13 years, Mizuho Financial Group's highest 3-Year average Total Assets Growth Rate was 11.10%. The lowest was -7.60%. And the median was 3.30%.

Total Assets is connected with ROA %. Mizuho Financial Group's annualized ROA % for the quarter that ended in Dec. 2023 was 0.34%. Total Assets is also linked to Revenue through Asset Turnover. Mizuho Financial Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Mizuho Financial Group Total Assets Historical Data

The historical data trend for Mizuho 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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Mizuho Financial Group Total Assets Chart

Mizuho Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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1,806,590.41

1,993,725.83

2,075,327.31

1,999,252.32

1,902,214.75

Mizuho 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															1,866,298.13	1,902,214.75	1,882,719.22	1,841,062.08	1,883,218.98

Mizuho 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.

Mizuho 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 )
	=	68892.464	+	1833322.286
	=	1,902,215

Mizuho 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 )
	=	69047.871	+	1814171.112
	=	1,883,219

Mizuho Financial Group (NYSE:MFG) Total Assets Explanation

Total Assets is connected with ROA %.

Mizuho 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 )
	=	6294.336	/	( (1841062.079	+	1883218.983)	/ 2 )
	=	6294.336	/	1862140.531
	=	0.34 %

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.

Mizuho 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 )
=	5318.794	/	( (1841062.079	+	1883218.983)	/ 2 )
=	5318.794	/	1862140.531
=	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.

Mizuho Financial Group Total Assets Related Terms

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Mizuho Financial Group (Mizuho Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizuho Financial Group Inc (NYSE:MFG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MZHOF:USA 8411:Japan MZ8A:Germany MZ8:Germany MZ8:Germany MFG:Argentina

Address

1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176

Website

https://www.mizuho-fg.co.jp

Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, Mizuho's market share of domestic loans was 6.7%, compared with 7.1% for SMFG and 8.1% for MUFG. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers that own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.