Banco Macro's Total Assets for the quarter that ended in Sep. 2023 was $10,597 Mil.
Warning Sign:
If a company builds assets at 49.4% a year, faster than its revenue growth rate of 41.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Banco Macro's average Total Assets Growth Rate was 123.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 57.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 49.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 52.00% per year.
During the past 13 years, Banco Macro's highest 3-Year average Total Assets Growth Rate was 81.00%. The lowest was 17.80%. And the median was 31.60%.
Total Assets is connected with ROA %. Banco Macro's annualizedROA % for the quarter that ended in Sep. 2023 was 0.72%. Total Assets is also linked to Revenue through Asset Turnover. Banco Macro's Asset Turnover for the quarter that ended in Sep. 2023 was 0.08.
Banco Macro Total Assets Historical Data
The historical data trend for Banco Macro'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.
Banco Macro'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.
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.
Banco Macro'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.
Banco Macro Total Assets Related Terms
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Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. It generates the majority of its revenue from Argentina.
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