PSC Insurance Group (ASX:PSI) Total Assets : A$1,187.7 Mil (As of Jun. 2024)

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What is PSC Insurance Group Total Assets?

PSC Insurance Group's Total Assets for the quarter that ended in Jun. 2024 was A$1,187.7 Mil.

During the past 12 months, PSC Insurance Group's average Total Assets Growth Rate was 10.80% per year. During the past 3 years, the average Total Assets Growth Rate was 9.90% per year. During the past 5 years, the average Total Assets Growth Rate was 12.90% per year.

During the past 9 years, PSC Insurance Group's highest 3-Year average Total Assets Growth Rate was 18.10%. The lowest was 9.90%. And the median was 13.95%.

Total Assets is connected with ROA %. PSC Insurance Group's annualized ROA % for the quarter that ended in Jun. 2024 was 4.86%. Total Assets is also linked to Revenue through Asset Turnover. PSC Insurance Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.16.

PSC Insurance Group Total Assets Historical Data

The historical data trend for PSC Insurance Group'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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PSC Insurance Group Total Assets Chart

PSC Insurance Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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662.28

888.86

976.83

1,080.47

1,187.66

PSC Insurance Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial													976.83	1,398.88	1,080.47	1,093.31	1,187.66

PSC Insurance Group 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.

PSC Insurance Group's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	495.669	+	691.991
	=	1,187.7

PSC Insurance Group's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	495.669	+	691.991
	=	1,187.7

PSC Insurance Group (ASX:PSI) Total Assets Explanation

Total Assets is connected with ROA %.

PSC Insurance Group's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	55.39	/	( (1093.312	+	1187.66)	/ 2 )
	=	55.39	/	1140.486
	=	4.86 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) 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.

PSC Insurance Group's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	177.262	/	( (1093.312	+	1187.66)	/ 2 )
=	177.262	/	1140.486
=	0.16

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.

PSC Insurance Group Total Assets Related Terms

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PSC Insurance Group Business Description

Industry

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Traded in Other Exchanges

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Address

96 Wellington Parade, Level 4, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.pscinsurancegroup.com.au

PSC Insurance Group is an insurance intermediary which owns broker and underwriting businesses in Australia, New Zealand and the UK. It also runs the third largest broker network in Australia, allowing independent brokers to access support services for a fee. PSC Insurance derives most of its revenue from commissions (from insurers, ultimately paid for by PSC's customers) based on gross written premium. Broker GWP is split between small to medium enterprises (45%), and corporates (55%). The UK business spans retail and wholesale broking, underwriting agencies, and managing agents which have the authority to underwrite on behalf of insurers.