Accord Financial (TSX:ACD) Total Assets : C$513.48 Mil (As of Dec. 2023)

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What is Accord Financial Total Assets?

Accord Financial's Total Assets for the quarter that ended in Dec. 2023 was C$513.48 Mil.

Warning Sign:

If a company builds assets at 7.7% a year, faster than its revenue growth rate of 3.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Accord Financial's average Total Assets Growth Rate was 5.70% per year. During the past 3 years, the average Total Assets Growth Rate was 10.20% per year. During the past 5 years, the average Total Assets Growth Rate was 7.70% per year. During the past 10 years, the average Total Assets Growth Rate was 18.10% per year.

During the past 13 years, Accord Financial's highest 3-Year average Total Assets Growth Rate was 39.90%. The lowest was -2.30%. And the median was 7.45%.

Total Assets is connected with ROA %. Accord Financial's annualized ROA % for the quarter that ended in Dec. 2023 was -5.84%. Total Assets is also linked to Revenue through Asset Turnover. Accord Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Accord Financial Total Assets Historical Data

The historical data trend for Accord Financial'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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Accord Financial Total Assets Chart

Accord Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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406.21

384.91

520.11

491.76

513.48

Accord Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															491.76	489.22	520.68	524.11	513.48

Accord Financial 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.

Accord Financial's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	88.663	+	424.817
	=	513.48

Accord Financial's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	88.663	+	424.817
	=	513.48

Accord Financial (TSX:ACD) Total Assets Explanation

Total Assets is connected with ROA %.

Accord Financial's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-30.3	/	( (524.108	+	513.48)	/ 2 )
	=	-30.3	/	518.794
	=	-5.84 %

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

Accord Financial's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	13.918	/	( (524.108	+	513.48)	/ 2 )
=	13.918	/	518.794
=	0.03

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.

Accord Financial Total Assets Related Terms

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Accord Financial (TSX:ACD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Accord Financial Corp (TSX:ACD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Eglinton Avenue East, Suite 602, Toronto, ON, CAN, M4P 3A2

Website

https://www.accordfinancial.com

Accord Financial Corp is a provider of asset-based financial services to businesses. Its asset-based financial services include asset-based lending, including factoring, lease financing, working capital financing, credit protection and receivables management, and supply chain financing for importers. The company's revenue comprises interest, including discount fees, and factoring commissions from the company's asset-based financial services, including factoring and leasing, and is measured at the fair value of the consideration received. The company's geographical segments include Canada and the United States.

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