Green Dot's Total Assets for the quarter that ended in Sep. 2024 was $5,285 Mil.
Warning Sign:
If a company builds assets at 31.9% a year, faster than its revenue growth rate of 8.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Green Dot's average Total Assets Growth Rate was -3.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 31.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 25.40% per year.
During the past 13 years, Green Dot's highest 3-Year average Total Assets Growth Rate was 67.40%. The lowest was 10.40%. And the median was 41.60%.
Total Assets is connected with ROA %. Green Dot's annualizedROA % for the quarter that ended in Sep. 2024 was -0.58%. Total Assets is also linked to Revenue through Asset Turnover. Green Dot's Asset Turnover for the quarter that ended in Sep. 2024 was 0.08.
Green Dot Total Assets Historical Data
The historical data trend for Green Dot'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.
Green Dot'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.
Note:
The Net Income data used here is four times the quarterly (Sep. 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.
Green Dot's Asset Turnover for the quarter that ended in Sep. 2024 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.
Green Dot Total Assets Related Terms
Thank you for viewing the detailed overview of Green Dot's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Green Dot Corp is a financial technology company that provides financial services for consumers in the United States without good banking options. It has three segments Consumer Services, Business to Business Services(B2B), and Money Movement Services. The company generates maximum revenue from B2B segment. Its B2B Services segment consists of revenues and expenses derived from (i) its partnerships with prominent consumer and technology companies that make banking products and services available to their consumers, partners and workforce through integration with its banking platform (the "Banking-as-a-Service", or "BaaS channel"), and (ii) a comprehensive payroll platform that it offers to corporate enterprises (the "Employer channel") to facilitate payments for today's workforce.
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