Charles Schwab (LTS:0L3I) Total Assets : $466,055 Mil (As of Sep. 2024)

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What is Charles Schwab Total Assets?

Charles Schwab's Total Assets for the quarter that ended in Sep. 2024 was $466,055 Mil.

Warning Sign:

If a company builds assets at 14.2% a year, faster than its revenue growth rate of 8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Charles Schwab's average Total Assets Growth Rate was 2.40% per year. During the past 3 years, the average Total Assets Growth Rate was 26.20% per year. During the past 5 years, the average Total Assets Growth Rate was 14.20% per year. During the past 10 years, the average Total Assets Growth Rate was 15.00% per year.

During the past 13 years, Charles Schwab's highest 3-Year average Total Assets Growth Rate was 35.10%. The lowest was -11.50%. And the median was 16.35%.

Total Assets is connected with ROA %. Charles Schwab's annualized ROA % for the quarter that ended in Sep. 2024 was 1.23%. Total Assets is also linked to Revenue through Asset Turnover. Charles Schwab's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Charles Schwab Total Assets Historical Data

The historical data trend for Charles Schwab'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.

Charles Schwab Total Assets Chart

Charles Schwab Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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294,005.00

549,009.00

667,270.00

551,772.00

493,178.00

Charles Schwab Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															475,204.00	493,178.00	468,784.00	449,675.00	466,055.00

Charles Schwab 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.

Charles Schwab'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 )
	=	40958	+	452220
	=	493,178

Charles Schwab's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	47215	+	418840
	=	466,055

Charles Schwab (LTS:0L3I) Total Assets Explanation

Total Assets is connected with ROA %.

Charles Schwab's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	5632	/	( (449675	+	466055)	/ 2 )
	=	5632	/	457865
	=	1.23 %

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.

Charles Schwab's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	4847	/	( (449675	+	466055)	/ 2 )
=	4847	/	457865
=	0.01

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.

Charles Schwab Total Assets Related Terms

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Charles Schwab Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Charles Schwab Corp (LTS:0L3I) » Definitions » Total Assets

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Address

3000 Schwab Way, Westlake, TX, USA, 76262

Website

https://www.aboutschwab.com

Charles Schwab operates in brokerage, wealth management, banking, and asset management. It runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website, and it has mobile trading capabilities. It also operates a bank and a proprietary asset-management business and offers services to independent investment advisors. Schwab is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.

Charles Schwab Headlines

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