Time Finance (LSE:TIME) Total Assets : £192.19 Mil (As of Nov. 2023)

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What is Time Finance Total Assets?

Time Finance's Total Assets for the quarter that ended in Nov. 2023 was £192.19 Mil.

During the past 12 months, Time Finance's average Total Assets Growth Rate was 14.20% per year. During the past 3 years, the average Total Assets Growth Rate was 9.40% per year. During the past 5 years, the average Total Assets Growth Rate was 1.50% per year. During the past 10 years, the average Total Assets Growth Rate was 29.70% per year.

During the past 13 years, Time Finance's highest 3-Year average Total Assets Growth Rate was 83.70%. The lowest was -6.00%. And the median was 25.80%.

Total Assets is connected with ROA %. Time Finance's annualized ROA % for the quarter that ended in Nov. 2023 was 2.29%. Total Assets is also linked to Revenue through Asset Turnover. Time Finance's Asset Turnover for the quarter that ended in Nov. 2023 was 0.08.

Time Finance Total Assets Historical Data

The historical data trend for Time Finance'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.

* Premium members only.

Time Finance Total Assets Chart

Time Finance Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Assets

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157.70

138.59

137.79

153.31

183.69

Time Finance Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial															142.03	153.31	171.24	183.69	192.19

Time Finance 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.

Time Finance's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	61.675	+	122.015
	=	183.69

Time Finance's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	63.851	+	128.336
	=	192.19

Time Finance (LSE:TIME) Total Assets Explanation

Total Assets is connected with ROA %.

Time Finance's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	4.312	/	( (183.69	+	192.187)	/ 2 )
	=	4.312	/	187.9385
	=	2.29 %

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

Time Finance's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	15.652	/	( (183.69	+	192.187)	/ 2 )
=	15.652	/	187.9385
=	0.08

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.

Time Finance Total Assets Related Terms

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Time Finance (LSE:TIME) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Time Finance PLC (LSE:TIME) » Definitions » Total Assets

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Address

The Square, Lower Bristol Road, St James House, Bath, GBR, BA2 3BH

Website

https://www.timefinance.com

Time Finance PLC is a part of the financial services domain in the United Kingdom. The company's principal business involves the provision of financial services to SMEs (small and medium sized enterprises) in the United Kingdom. The company operates in Asset Finance, Vehicle Finance, Loan Finance, and Invoice Finance. It generates most of the revenue from the Asset Finance division.

Time Finance (LSE:TIME) Headlines

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