Propel Holdings (TSX:PRL) Total Assets : C$461.9 Mil (As of Dec. 2023)

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What is Propel Holdings Total Assets?

Propel Holdings's Total Assets for the quarter that ended in Dec. 2023 was C$461.9 Mil.

Warning Sign:

If a company builds assets at 69.8% a year, faster than its revenue growth rate of 40.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Propel Holdings's average Total Assets Growth Rate was 31.10% per year. During the past 3 years, the average Total Assets Growth Rate was 67.40% per year. During the past 5 years, the average Total Assets Growth Rate was 69.80% per year.

During the past 6 years, Propel Holdings's highest 3-Year average Total Assets Growth Rate was 78.80%. The lowest was 67.40%. And the median was 72.70%.

Total Assets is connected with ROA %. Propel Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 10.38%. Total Assets is also linked to Revenue through Asset Turnover. Propel Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.

Propel Holdings Total Assets Historical Data

The historical data trend for Propel Holdings'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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Propel Holdings Total Assets Chart

Propel Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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67.37

101.26

191.36

348.70

461.86

Propel Holdings Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial												348.70	359.07	371.21	415.13	461.86

Propel Holdings 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.

Propel Holdings'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 )
	=	136.198	+	325.665
	=	461.9

Propel Holdings'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 )
	=	136.198	+	325.665
	=	461.9

Propel Holdings (TSX:PRL) Total Assets Explanation

Total Assets is connected with ROA %.

Propel Holdings'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 )
	=	45.528	/	( (415.126	+	461.863)	/ 2 )
	=	45.528	/	438.4945
	=	10.38 %

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.

Propel Holdings'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 )
=	120.987	/	( (415.126	+	461.863)	/ 2 )
=	120.987	/	438.4945
=	0.28

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.

Propel Holdings Total Assets Related Terms

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Propel Holdings (TSX:PRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Propel Holdings Inc (TSX:PRL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

PRLPF:USA 8KO:Germany

Address

69 Yonge Street, Suite 1500, Toronto, ON, CAN, M5E 1K3

Website

https://www.propelholdings.com

Propel Holdings Inc is an innovative financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, industry-leading online lending platform. Propel, through its operating brands, is dedicated to bringing appropriate credit solutions to consumers in Canada and the United States. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora.

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