Market Cap : 9.74 B | Enterprise Value : 4.82 B | PE Ratio : 11.13 | PB Ratio : 1.29 |
---|
NYSE:FHN has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NYSE:FHN has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
First Horizon's Total Assets for the quarter that ended in Dec. 2020 was $84,209 Mil.
Warning Sign:
If a company builds asset at 22.6% a year, faster than its revenue growth rate of 7% over the past 5 years, it means that the company may be getting less efficent.
During the past 12 months, First Horizon's average Total Assets Growth Rate was 76.40% per year. During the past 3 years, the average Total Assets Growth Rate was 24.60% per year. During the past 5 years, the average Total Assets Growth Rate was 22.60% per year. During the past 10 years, the average Total Assets Growth Rate was 9.70% per year.
During the past 13 years, First Horizon's highest 3-Year average Total Assets Growth Rate was 24.60%. The lowest was -12.70%. And the median was 10.50%.
Total Assets is connected with ROA %. First Horizon's annualized ROA % for the quarter that ended in Dec. 2020 was 1.16%. Total Assets is also linked to Revenue through Asset Turnover. First Horizon's Asset Turnover for the quarter that ended in Dec. 2020 was 0.01.
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
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.
First Horizon's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as
Total Assets | = | Total Equity (A: Dec. 2020 ) | + | Total Liabilities (A: Dec. 2020 ) |
= | 8307 | + | 75902 | |
= | 84,209 |
First Horizon's Total Assets for the quarter that ended in Dec. 2020 is calculated as
Total Assets | = | Total Equity (Q: Dec. 2020 ) | + | Total Liabilities (Q: Dec. 2020 ) |
= | 8307 | + | 75902 | |
= | 84,209 |
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
Total Assets is connected with ROA %.
First Horizon's annualized ROA % for the quarter that ended in Dec. 2020 is
ROA % | = | Net Income (Q: Dec. 2020 ) | / | ( (Total Assets (Q: Sep. 2020 ) | + | Total Assets (Q: Dec. 2020 )) | / count ) |
= | 966.02 | / | ( (83029.579 | + | 84209) | / 2 ) | |
= | 966.02 | / | 83619.2895 | ||||
= | 1.16 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2020) 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.
First Horizon's Asset Turnover for the quarter that ended in Dec. 2020 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2020 ) | / | ( (Total Assets (Q: Sep. 2020 ) | + | Total Assets (Q: Dec. 2020 )) | / count ) |
= | 792.521 | / | ( (83029.579 | + | 84209) | / 2 ) |
= | 792.521 | / | 83619.2895 | |||
= | 0.01 |
* All numbers are in millions except for per share data and ratio. All numbers 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.
No Headline