Virtu Financial's Total Assets for the quarter that ended in Dec. 2023 was $14,466 Mil.
Warning Sign:
If a company builds assets at 11.6% a year, faster than its revenue growth rate of 8.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Virtu Financial's average Total Assets Growth Rate was 42.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 14.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 11.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 15.60% per year.
During the past 13 years, Virtu Financial's highest 3-Year average Total Assets Growth Rate was 36.20%. The lowest was -3.40%. And the median was 11.60%.
The historical data trend for Virtu 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.
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.
Virtu Financial's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Virtu Financial (NAS:VIRT) Total Assets Explanation
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.
Virtu Financial's Asset Turnover for the quarter that ended in Dec. 2023 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.
Virtu Financial Total Assets Related Terms
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Virtu Financial (Virtu Financial) Business Description
Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market-making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.
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