Westpac Banking (NZSE:WBC) Total Assets : NZ$1,115,809 Mil (As of Sep. 2023)

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What is Westpac Banking Total Assets?

Westpac Banking's Total Assets for the quarter that ended in Sep. 2023 was NZ$1,115,809 Mil.

During the past 12 months, Westpac Banking's average Total Assets Growth Rate was 2.40% 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 1.30% per year. During the past 10 years, the average Total Assets Growth Rate was 2.10% per year.

During the past 13 years, Westpac Banking's highest 3-Year average Total Assets Growth Rate was 25.60%. The lowest was -1.30%. And the median was 5.20%.

Total Assets is connected with ROA %. Westpac Banking's annualized ROA % for the quarter that ended in Sep. 2023 was 0.63%. Total Assets is also linked to Revenue through Asset Turnover. Westpac Banking's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

Westpac Banking Total Assets Historical Data

The historical data trend for Westpac Banking'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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Westpac Banking Total Assets Chart

Westpac Banking Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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973,989.49

988,380.78

970,083.03

1,143,425.36

1,115,809.10

Westpac Banking Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															970,083.03	1,035,895.68	1,143,425.36	1,095,983.30	1,115,809.10

Westpac Banking 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.

Westpac Banking's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	78599.456	+	1037209.647
	=	1,115,809

Westpac Banking's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	78599.456	+	1037209.647
	=	1,115,809

Westpac Banking (NZSE:WBC) Total Assets Explanation

Total Assets is connected with ROA %.

Westpac Banking's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	6921.702	/	( (1095983.303	+	1115809.103)	/ 2 )
	=	6921.702	/	1105896.203
	=	0.63 %

Note: The Net Income data used here is two times the semi-annual (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.

Westpac Banking's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	11533.28	/	( (1095983.303	+	1115809.103)	/ 2 )
=	11533.28	/	1105896.203
=	0.01

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.

Westpac Banking Total Assets Related Terms

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Westpac Banking (NZSE:WBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (NZSE:WBC) » Definitions » Total Assets

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Address

275 Kent Street, Sydney, NSW, AUS, 2000

Website

https://www.westpac.com.au

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.