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Freedom Holding's Total Assets for the quarter that ended in Dec. 2023 was $7,449 Mil.
Warning Sign:
If a company builds assets at 107.9% a year, faster than its revenue growth rate of 82.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Freedom Holding's average Total Assets Growth Rate was 15.60% per year. During the past 3 years, the average Total Assets Growth Rate was 101.20% per year. During the past 5 years, the average Total Assets Growth Rate was 107.90% per year.
During the past 13 years, Freedom Holding's highest 3-Year average Total Assets Growth Rate was 813.40%. The lowest was -93.00%. And the median was 70.55%.
Total Assets is connected with ROA %. Freedom Holding's annualized ROA % for the quarter that ended in Dec. 2023 was 5.29%. Total Assets is also linked to Revenue through Asset Turnover. Freedom Holding's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.
The historical data trend for Freedom Holding'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.
Freedom Holding Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 350.91 | 453.52 | 2,100.32 | 3,230.35 | 5,084.56 |
Freedom Holding 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 | 5,368.13 | 5,084.56 | 6,539.77 | 7,138.31 | 7,449.04 |
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.
Freedom Holding'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 ) |
= | 770.736 | + | 4313.822 | |
= | 5,085 |
Freedom Holding'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 ) |
= | 1039.25 | + | 6409.793 | |
= | 7,449 |
* 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.
Freedom Holding (NAS:FRHC) Total Assets Explanation
Total Assets is connected with ROA %.
Freedom Holding'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 ) |
= | 385.472 | / | ( (7138.305 | + | 7449.043) | / 2 ) | |
= | 385.472 | / | 7293.674 | ||||
= | 5.29 % |
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.
Freedom Holding'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 ) |
= | 431.231 | / | ( (7138.305 | + | 7449.043) | / 2 ) |
= | 431.231 | / | 7293.674 | |||
= | 0.06 |
* 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 Freedom Holding's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Sergey Lukyanov | officer: *See Remarks | ESENTAI TOWER BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040 |
Evgeny Ler | officer: Chief Financial Officer | 202 DOSTYK AVE, 4TH FLOOR, ALMATY 1P 050051 |
Liudmila Kiriaku | officer: VP of Compliance until 8/18/23 | CHIRSTAKI KRANOU 20 C TOWER 5TH FL, LIMASSOL G4 4041 |
Robert Wotczak | officer: CEO - Prime Executions | C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 5111 PEGASUS COURT, FREDERICK MD 21704 |
Renat Tukanov | officer: CHIEF TECHNOLOGY OFFICER | "ESENTIA TOWER" BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040 |
Boris Cherdabayev | 10 percent owner, officer: Chief Operating Officer | C/O POULTON & YORDAN, 324 SOUTH 400 WEST SUITE 250, SALT LAKE CITY UT 84101 |
Amber Williams | director | 324 SOUTH 400 WEST, SUITE 250, SALT LAKE CITY UT 84101 |
Askar Tashtitov | officer: President | KURMANGAZY ST 31, APT 38, ALMATY 1P 050051 |
Arkady V Rakhilkin | director | AL-FARABI 17, NURLY TAU 4B, OFFICE 104, ALMATY 1P 050059 |
Timur R Turlov | director, 10 percent owner, officer: Chief Executive Officer | VLANSKIY PER. 14B, AP. 67, MOSCOW 1Z 101000 |
Toleush Tolmakov | 10 percent owner, officer: Vice President | 202 DOSTYK AVE., 4TH FLOOR, ALMATY 1P 050051 |
Daymon M. Smith | director | 352 E. 426 N., ALPINE UT 84004 |
Anuarbek Baimoldin | officer: Chief Operating Officer | 202 DOSTYK AVE. 4TH FLOOR, ALMATY 1P 050051 |
Jason M Kerr | director | 1038 SOUTH 750 EAST, KAYSVILLE UT 84037 |
Jsc Compass Asset Management | 10 percent owner | 240V FURMANOVA STREET, ALMATY 1P 050059 |
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