Grupo Financiero Galicia's Total Assets for the quarter that ended in Sep. 2023 was $17,906 Mil.
Warning Sign:
If a company builds assets at 52.8% a year, faster than its revenue growth rate of 44.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 3 years, the average Total Assets Growth Rate was 57.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 52.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 53.10% per year.
During the past 13 years, Grupo Financiero Galicia's highest 3-Year average Total Assets Growth Rate was 71.10%. The lowest was -4.60%. And the median was 29.95%.
* 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.
Grupo Financiero Galicia'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.
Grupo Financiero Galicia (NAS:GGAL) Total Assets Explanation
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.
Grupo Financiero Galicia'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.
Grupo Financiero Galicia Total Assets Related Terms
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Grupo Financiero Galicia (Grupo Financiero Galicia) Business Description
Grupo Financiero Galicia SA is a financial service holding company. It provides general banking services, proprietary brand credit card services, personal loans, insurance, and other services. The company's operating business segments are Banks, Ecosistema Naranja X, Insurance, Adjustments, and Other Businesses. It generates maximum revenue from Banks. Geographically its operate in Argentina, Uruguay, and the majority of its revenue comes from Argentina.
Grupo Financiero Galicia (Grupo Financiero Galicia) Headlines
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