World Acceptance (MEX:WRLD) Total Assets

: MXN20,140 Mil (As of Mar. 2023)

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World Acceptance's Total Assets for the quarter that ended in Mar. 2023 was MXN20,140 Mil.

During the past 12 months, World Acceptance's average Total Assets Growth Rate was -8.20% per year. During the past 3 years, the average Total Assets Growth Rate was 2.60% per year. During the past 5 years, the average Total Assets Growth Rate was 7.10% per year. During the past 10 years, the average Total Assets Growth Rate was 3.70% per year.

During the past 13 years, World Acceptance's highest 3-Year average Total Assets Growth Rate was 18.10%. The lowest was -1.80%. And the median was 12.10%.

Total Assets is connected with ROA %. World Acceptance's annualized ROA % for the quarter that ended in Mar. 2023 was 8.43%. Total Assets is also linked to Revenue through Asset Turnover. World Acceptance's Asset Turnover for the quarter that ended in Mar. 2023 was 0.12.

World Acceptance Total Assets Historical Data

The historical data trend for World Acceptance'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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World Acceptance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

16,585.06

24,153.46

19,506.21

24,257.51

20,139.66

World Acceptance Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Total Assets																24,257.51	25,732.39	25,088.58	23,726.20	20,139.66

World Acceptance 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.

World Acceptance'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 )
	=	6943.717	+	13195.94
	=	20,140

World Acceptance's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2023 )	+	Total Liabilities (Q: Mar. 2023 )
	=	6943.717	+	13195.94
	=	20,140

World Acceptance (MEX:WRLD) Total Assets Explanation

Total Assets is connected with ROA %.

World Acceptance's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %	=	Net Income (Q: Mar. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
	=	1848.788	/	( (23726.203	+	20139.657)	/ 2 )
	=	1848.788	/	21932.93
	=	8.43 %

Note: The Net Income data used here is four times the quarterly (Mar. 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.

World Acceptance's Asset Turnover for the quarter that ended in Mar. 2023 is

	Asset Turnover
=	Revenue (Q: Mar. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
=	2686.5	/	( (23726.203	+	20139.657)	/ 2 )
=	2686.5	/	21932.93
=	0.12

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.

World Acceptance Total Assets Related Terms

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World Acceptance (MEX:WRLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » World Acceptance Corp (MEX:WRLD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

WRLD:USA WOA:Germany

Address

104 S. Main Street, Greenville, SC, USA, 29601

Website

https://www.loansbyworld.com

World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals.