Axis Bank's Total Assets for the quarter that ended in Mar. 2024 was €168,243 Mil.
Warning Sign:
If a company builds assets at 14.7% a year, faster than its revenue growth rate of 12.7% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Axis Bank's average Total Assets Growth Rate was 16.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 14.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 14.30% per year.
During the past 13 years, Axis Bank's highest 3-Year average Total Assets Growth Rate was 53.10%. The lowest was 10.50%. And the median was 16.65%.
Total Assets is connected with ROA %. Axis Bank's annualizedROA % for the quarter that ended in Mar. 2024 was 2.06%. Total Assets is also linked to Revenue through Asset Turnover. Axis Bank's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.
Axis Bank Total Assets Historical Data
The historical data trend for Axis Bank'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.
Axis Bank's Total Assets for the fiscal year that ended in Mar. 2024 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 (Mar. 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.
Axis Bank's Asset Turnover for the quarter that ended in Mar. 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.
Axis Bank Total Assets Related Terms
Thank you for viewing the detailed overview of Axis Bank's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Axis Bank Ltd is a full-service bank operating mostly in India. The bank operates under four segments: treasury, corporate/wholesale banking, retail banking, and other banking. Treasury operations include security investments and derivative trading. Corporate/wholesale banking solutions include mid/large corporate relationships, corporate advisory, project appraisals, and syndication. Retail banking solutions include lending to individual/small businesses, savings accounts, debit and credit cards, ATMs and mobile banking, personal loans. Other banking operations include third-party product distribution and other banking transactions. A plurality of the bank's loan and advances comes from its corporate customers, while a plurality of its fee income comes from its retail customers.
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