If a company builds assets at 16.2% a year, faster than its revenue growth rate of 9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, PennyMac Financial Services's average Total Assets Growth Rate was 1.50% per year.
During the past 3 years, the average Total Assets Growth Rate was -16.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 16.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 30.30% per year.
During the past 13 years, PennyMac Financial Services's highest 3-Year average Total Assets Growth Rate was 110.90%. The lowest was -16.80%. And the median was 40.00%.
* 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.
PennyMac Financial Services 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.
* 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.
PennyMac Financial Services (NYSE:PFSI) Total Assets Explanation
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.
PennyMac Financial Services'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.
PennyMac Financial Services Total Assets Related Terms
Thank you for viewing the detailed overview of PennyMac Financial Services's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
PennyMac Financial Services (PennyMac Financial Services) Business Description
PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. The company operates through three segments: production, servicing, and investment management. The company's production and servicing segment together form the mortgage banking business that includes mortgage loan origination, acquisition, and sale activities; while the investment management segment includes investment manager's activities, such as performing diligence, and managing acquired assets. The company generates the majority of revenue from its mortgage banking business.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PFSI has been successfully added to your 