Sun Life Financial (TSX:SLF.PR.I.PFD) Total Assets : C$333,241.00 Mil (As of Dec. 2023)

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What is Sun Life Financial Total Assets?

Sun Life Financial's Total Assets for the quarter that ended in Dec. 2023 was C$333,241.00 Mil.

During the past 12 months, Sun Life Financial's average Total Assets Growth Rate was 3.40% per year. During the past 3 years, the average Total Assets Growth Rate was -0.40% per year. During the past 5 years, the average Total Assets Growth Rate was 2.70% per year. During the past 10 years, the average Total Assets Growth Rate was 4.80% per year.

During the past 13 years, Sun Life Financial's highest 3-Year average Total Assets Growth Rate was 26.40%. The lowest was -10.30%. And the median was 4.80%.

Total Assets is connected with ROA %. Sun Life Financial's annualized ROA % for the quarter that ended in Dec. 2023 was 1.02%. Total Assets is also linked to Revenue through Asset Turnover. Sun Life Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Sun Life Financial Total Assets Historical Data

The historical data trend for Sun Life 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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Sun Life Financial Total Assets Chart

Sun Life Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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297,202.00

323,011.00

349,144.00

323,608.00

333,241.00

Sun Life 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															323,608.00	332,825.00	319,941.00	313,846.00	333,241.00

Sun Life 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.

Sun Life 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 )
	=	24200	+	309041
	=	333,241.00

Sun Life 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 )
	=	24200	+	309041
	=	333,241.00

Sun Life Financial (TSX:SLF.PR.I.PFD) Total Assets Explanation

Total Assets is connected with ROA %.

Sun Life 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 )
	=	3304	/	( (313846	+	333241)	/ 2 )
	=	3304	/	323543.5
	=	1.02 %

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.

Sun Life 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 )
=	18621	/	( (313846	+	333241)	/ 2 )
=	18621	/	323543.5
=	0.06

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.

Sun Life Financial Total Assets Related Terms

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Sun Life Financial (TSX:SLF.PR.I.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sun Life Financial Inc (TSX:SLF.PR.I.PFD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SUNFF.PFD:USA SLF:USA SLF:Philippines LIE:Germany SLF.PR.K.PFD:Canada SLF.PR.J.PFD:Canada SLF.PR.H.PFD:Canada SLF.PR.G.PFD:Canada SLF.PR.E.PFD:Canada SLF.PR.D.PFD:Canada SLF.PR.C.PFD:Canada SLF:Canada

Address

1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6

Website

https://www.sunlife.com

Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 38% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the second quarter of 2023. The Canada business contributes about 32% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributes approximately 14% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 16% of earnings.

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