Absa Group (FRA:AU61) Total Assets : €98,467 Mil (As of Jun. 2024)

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What is Absa Group Total Assets?

Absa Group's Total Assets for the quarter that ended in Jun. 2024 was €98,467 Mil.

Warning Sign:

If a company builds assets at 7.9% a year, faster than its revenue growth rate of 6.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Absa Group's average Total Assets Growth Rate was 2.80% per year. During the past 3 years, the average Total Assets Growth Rate was 6.90% per year. During the past 5 years, the average Total Assets Growth Rate was 7.90% per year. During the past 10 years, the average Total Assets Growth Rate was 7.20% per year.

During the past 13 years, Absa Group's highest 3-Year average Total Assets Growth Rate was 32.90%. The lowest was 3.40%. And the median was 8.20%.

Total Assets is connected with ROA %. Absa Group's annualized ROA % for the quarter that ended in Jun. 2024 was 1.09%. Total Assets is also linked to Revenue through Asset Turnover. Absa Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.03.

Absa Group Total Assets Historical Data

The historical data trend for Absa 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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Absa Group Total Assets Chart

Absa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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87,433.87

84,571.80

91,372.98

97,901.81

92,270.69

Absa Group Semi-Annual Data
	Dec14	Jun15	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															105,382.72	97,901.81	93,474.87	92,270.69	98,467.42

Absa 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.

Absa Group'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 )
	=	8090.681	+	84180.007
	=	92,271

Absa 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 )
	=	8638.005	+	89829.412
	=	98,467

Absa Group (FRA:AU61) Total Assets Explanation

Total Assets is connected with ROA %.

Absa 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 )
	=	1043.576	/	( (92270.689	+	98467.417)	/ 2 )
	=	1043.576	/	95369.053
	=	1.09 %

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.

Absa 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 )
=	2699.827	/	( (92270.689	+	98467.417)	/ 2 )
=	2699.827	/	95369.053
=	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.

Absa Group Total Assets Related Terms

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Absa Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absa Group Ltd (FRA:AU61) » Definitions » Total Assets

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Traded in Other Exchanges

ABG:South Africa AGRPY:USA

Address

15 Troye Street, 7th Floor, Absa Towers West, PO Box 7735, Johannesburg, GT, ZAF, 2000

Website

https://www.absa.africa

Absa Group Ltd is a financial services company that has five main business segments: Product Solutions Cluster, Everyday Banking, Relationship Banking, Absa Regional Operations RBB (ARO RBB), CIB, & Head Office, Treasury, and other operations. The majority is from the Corporate and Investment Bank (CIB) segment which includes prioritized new-to-bank clients across key growth and priority sectors. CIB continued to up-sell and cross-sell new products and services to existing clients. Geographically, the majority is from South Africa.

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